CARBONXT GROUP LIMITED — Director's Dealing 2020

May 28, 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 Carbonxt Group Limited ABN 59 097 247 464

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	Matthew Driscoll
Date of last notice	12 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.

Direct or indirect interest	Indirect Interest
Nature of indirect interest	M&M Driscoll Nominees Pty Ltd
(including registered holder)	<The Driscoll Family A/C>,
Note: Provide details of the circumstances giving rise to	an entity associated with the Director
the relevant interest.
Date of change	29 May 2020
No. of securities held prior to change	498,885 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	158,562 fully paid ordinary shares
Number disposed	Nil
Value/Consideration	Issue of Shares to the Directors of the
Note: If consideration is non-cash, provide details and	Company, in lieu of cash directors’ fees. The
estimated valuation	issue price of each share was the 10 day
	VWAP up to and including 24 March 2020,
	being $0.1892(18.92 cents).

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	657,447 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Issueofsharesfollowingshareholderapproval at the Extraordinary GeneralMeeting of the Company, held 1 May 2020.

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

Part 3 –[+] Closed period

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.

01/01/2011

Appendix 3Y Page 2