BLACK CAT SYNDICATE LIMITED — Director's Dealing 2021

May 11, 2021

ASX ANNOUNCEMENT 12 May 2021 CHANGE OF DIRECTOR INTEREST NOTICES

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Please find attached Appendix 3Y Change of Director Interest Notices for Mr Gareth Solly and Mr Les Davis following the exercise of options.

For further information, please contact:

Gareth Solly

Managing Director

+61 458 007 713

admin@blackcatsyndicate.com.au

BLACK CAT SYNDICATE LIMITED (ASX:BC8)

DIRECTORS

Paul Chapman Non-Executive Chairman Gareth Solly Managing Director Philip Crutchfield Non-Executive Director Les Davis Non-Executive Director Tony Polglase Non-Executive Director

Non-Executive Chairman Managing Director

CORPORATE STRUCTURE

Ordinary shares on issue: 138.7M Market capitalisation: A$105M (Share price A$0.755) Cash (post placement): A$21.6M

Level 3, 52 Kings Park Road WA 6005 PO Box 184, West Perth WA 6872

T: +61 458 007 713 | E: admin@blackcatsyndicate.com.au W: www.blackcatsyndicate.com.au ABN 63 620 896 282

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 Black Cat Syndicate Limited ABN 63 620 896 282

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	Gareth Solly
Date of last notice	8 September 2020

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Interest in securities held by spouse.
Date of change		12 May 2021
No. of securities held prior to change Gareth Solly Fiona Solly		Direct • 777,222 ordinary fully paid shares; • 547,778 options exercisable at 20 cents expiring 25 January 2023; • 500,000 options exercisable at 40 cents expiring 25 June 2023; and • 75,000 options exercisable at $1.20 expiring 21 July 2024. Indirect • 600,000 ordinary fully paid shares; and • 600,000 options exercisable at 20 cents expiring 25 January 2023.
Class		Ordinary fully paid shares

• See chapter 19 for defined terms.

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Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Number acquired		50,000
Number disposed		N/a
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$10,000
No. of securities held after change Gareth Solly Fiona Solly		Direct • 827,222 ordinary fully paid shares; • 497,778 options exercisable at 20 cents expiring 25 January 2023; • 500,000 options exercisable at 40 cents expiring 25 June 2023; and • 75,000 options exercisable at $1.20 expiring 21 July 2024. Indirect • 600,000 ordinary fully paid shares; and • 600,000 options exercisable at 20 cents expiring 25 January 2023.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		Shares acquired on the exercise of 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

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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.

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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 Black Cat Syndicate Limited ABN 63 620 896 282

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	Les Davis
Date of last notice	1 December 2020

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		Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.		Trustee and beneficiary of LB & AF Davis Super Fund
Date of change		12 May 2021
No. of securities held prior to change Mr LB & Mrs AF Davis A/c>		Indirect • 5,170,977 ordinary fully paid shares; • 500,000 options exercisable at 20 cents expiring 25 January 2023; and • 250,000 options exercisable at 40 cents expiring 25 June 2023.
Class		Ordinary fully paid shares (Shares)
Number acquired		500,000
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		$100,000

• See chapter 19 for defined terms.

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Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Mr LB & Mrs AF Davis A/c>		Indirect • 5,670,977 ordinary fully paid shares; and • 250,000 options exercisable at 40 cents expiring 25 June 2023.
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back		Shares acquired on the exercise of 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

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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