BUTN LIMITED — Director's Dealing 2022

Jun 14, 2022

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	Butn Limited
ABN	644 182 883

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	Rael Ross
Date of last notice	07/07/2021

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.

Direct or indirect interest	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect is via Why K Pty Ltd atf Rael RossFamily Trust – Rael Ross is the soledirector and shareholder of the trustee,and beneficiary ofthe trust.
Date of change	08/06/2022 – 15/06/2022
No. of securities held prior to change	36,191,572 ordinary fully paid shares heldindirectly.1,300,000 unlisted options exercisable at$0.50 per option on or before 26 February2026 - escrowed for 24 months from dateof listing which options vest as follows:1.433,334 vested 6 July 2021;2.433,333 vest on 6 July 2022; and3.433,333 vest on 6 July 2023.
Class	ordinary fully paid shares
Number acquired	71,450
Number disposed	N/a

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$10,325
No. of securities held after change	36,191,572 ordinary fully paid shares heldindirectly.71,450 ordinary fully paid shares helddirectly.1,300,000 unlisted options exercisable at$0.50 per option on or before 26 February2026 - escrowed for 24 months from dateof listing which options vest as follows:1.433,334 vested 6 July 2021;2.433,333 vest on 6 July 2022; and3.433,333 vest on 6 July 2023.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On market purchase

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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which theinterest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation
Interest after change

• 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

Were the interests in the securities orcontracts detailed above traded during a+closedperiodwherepriorwrittenclearance was required?	No
If so, was prior written clearance providedto allow the trade to proceed during thisperiod?	N/a
If prior written clearance was provided, onwhat date was this provided?	N/a

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3