BUTN LIMITED — Director's Dealing 2021

Jul 6, 2021

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity	Butn Limited
ACN	644 182 883

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Suzanne Maree Ewart
Date of appointment	18 September 2020

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

80,000 ordinary fully paid shares.

18,425 ordinary fully paid shares - escrowed for 24 months from date of listing.

481,250 unlisted options exercisable at $0.50 per option on or before 8 January 2026 - escrowed for 24 months from date of listing, which options vest as follows:

1. 160,417 options vest on the listing date (being 6 July 2021);

2. 160,417 options vest on 6 July 2022; and

3. 160,416 options vest on 6 July 2023.

• See chapter 19 for defined terms.

Appendix 3X Page 1

11/3/2002

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interestNote: Provide details of the circumstances giving rise to therelevant interest.Not applicable.	Name of holder & nature of interestNote: Provide details of the circumstances giving rise to therelevant interest.Not applicable.	Name of holder & nature of interestNote: Provide details of the circumstances giving rise to therelevant interest.Not applicable.	Number & class of Securities	Number & class of Securities	Number & class of Securities	Number & class of Securities
	Provide details of the circumt interest.	stances giving rise to the
	pplicable.

Part 3 – 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.

Deta	il of contract	N/A
Natu	e of interest	N/A
Nam(if is	e of registered holder	N/A
	sued securities)
No. and class of securities to whichinterest relates	and class of securities to which	N/A
	est relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002