ARCHER MATERIALS LIMITED — Director's Dealing 2022

Oct 30, 2022

Corporate Change of Directors’ Interest Notice

Archer Materials Limited (ACN: 123 993 233) Lot Fourteen, Frome Road, Adelaide SA 5000

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ASX Announcement (ASX: AXE )

31 October 2022

Appendix 3Y – Change of Directors’ Interest Notice – Greg English

Attached is an Appendix 3Y (Change of Director’s Interest Notice) for Mr Greg English.

The attached Appendix 3Y is notice of the sale of shares and exercise of unlisted share options by Archer Executive Chairman, Mr Greg English.

Mr English has sold 113,615 Archer shares and exercised 500,000 unlisted share options. As a result, Mr English has increased his Archer shareholding by 386,385 shares.

The sale of shares and exercise of share options was approved by the Board and conducted in accordance with the Company’s Securities Trading Policy.

Authorised for release by Damien Connor, Company Secretary

About Archer

Archer is a technology company that operates within the semiconductor industry. The Company is developing and commercialising advanced semiconductor devices, including chips relevant to quantum computing and medical diagnostics.

General Enquiries Mr Greg English Executive Chairman Dr Mohammad Choucair Chief Executive Officer Tel: +61 8 8272 3288

Media Enquiries Mr James Galvin Communications Officer Email: hello@archerx.com.au

For more information about Archer’s activities, please visit our:

Website: https://archerx.com.au/ Twitter: https://twitter.com/archerxau

YouTube: https://bit.ly/2UKBBmG

Sign up to our Newsletter: http://eepurl.com/dKosXI

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	2 December 2021

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	24 - 26 October 2022	24 - 31 October 2022
No. of securities held prior to change	7,534,798 ordinary fully paid shares (Shares).	1,462,820 Shares 5,000,000 unlisted options ($0.1511 exercise price, 31/03/23 expiry date) (2023 Options) 5,000,000 unlisted options ($1.79 exercise price, 31/05/25 expiry date) (2025 Options)
Class	Ordinary Shares	Ordinary Shares and Unlisted Options

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	N/A	500,000 Shares (from the exercise of 2023 Options).
Number disposed	63,000 Shares	Sale of 50,615 Shares Exercise of 500,000 2023 Options.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$48,157.39	Sale of Shares: $38,303.93 2023 Option exercise: $75,550
No. of securities held after change	7,471,798 Shares	Shares: 1,912,205 2023 Options: 4,500,000 2025 Options: 5,000,000
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Sale of 63,000 Shares on market.	Sale of 50,615 Shares on market. 500,000 Shares issued following the exercise of 2023 Options.

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 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