ARCHER MATERIALS LIMITED — Director's Dealing 2020

May 18, 2020

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity ARCHER MATERIALS LIMITED ABN 64 123 993 233

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Alice McCleary
Date of last notice	12 November 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	No change
No. of securities held prior to change	Nil
Class
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	n/a
No. of securities held after change	Nil
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	No change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Alice McCleary Superannuation Fund
Date of change	a) 14 May 2020 b) 15 May 2020 c)18 May2020
No. of securities held prior to change	2,700,761 fully paid ordinary shares 1,500,000 unlisted options, exercisable at 19.29 cents each and expiring on 31 March 2023.
Class	Fully paid ordinary shares Unlisted options
Number acquired	c) 330,000 fully paid ordinary shares (from the exercise of unlisted options, exercisable at 19.29 cents each and expiring on 31 March 2023).
Number disposed	a) 30,000 fully paid ordinary shares b) 300,000 fully paid ordinary shares c) 330,000 unlisted options exercisable at 19.29 cents each and expiring on 31 March 2023, were exercised.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	a) $0.4450 per share b) $0.4592 per share c) $0.1929 per share (being the exercise price for each option exercised)
No. of securities held after change	2,700,761 fully paid ordinary shares 1,170,000 unlisted options, exercisable at 19.29 cents each and expiring on 31 March 2023.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	a) On-market trade b) On-market trade c) Fully paid ordinary shares issued following the exercise of unlisted options, exercisable at 19.29 cents each and expiring on 31 March 2023.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to whichtheinteresthas changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity ARCHER MATERIALS LIMITED ABN 64 123 993 233

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Gregory David English
Date of last notice	13 December 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

	GDE Exploration (SA) Pty Ltd ATF Dragon Mining Investments	GDE Exploration (SA) Pty Ltd ATF A1 English Family Trust
Direct or indirect interest	Indirect	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mr English is a beneficiary	Mr English is a beneficiary
Date of change	N/A	a) 13 May 2020 b) 14 May 2020 c)15 May2020
No. of securities held prior to change	7,534,798 ordinary fully paid shares (Shares).	2,062,820 Shares 5,000,000 unlisted options (19.29 cent exercise price, 31/03/23 expiry date) (Options)
Class		Shares
Number acquired	N/A	Nil
Number disposed	Nil	a) 143,000 Shares b) 29,713 Shares c)427,287 Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		a) $0.460 per Share b) $0.439 per Share c) $0.466per Share
No. of securities held after change	7,534,798 Shares.	1,462,820 Shares 5,000,000 Options.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	N/A	a) On-market trade b) On-market trade c) On-market trade.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011