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	Warren Murphy
Date of last notice	7 November 2018

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	Mr Murphy is a Director and shareholder of
(including registered holder)Note: Provide details of the circumstances giving rise to the relevant	Ashburton Finance Pty Limited
interest.
Date of change	29 May 2020
No. of securities held prior to change	250,000 fully paid ordinary shares
	1,500,000 unlisted options exercisable at
	$0.50 expiringon 30-Nov-2021
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 estimated valuation	Company, in lieu of cash directors’ fees. The
	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	408,562 fully paid ordinary shares	408,562 fully paid ordinary shares
	1,500,000	unlisted options exercisable at
	$0.50 expiring on 30-Nov-2021
Nature of change	Issueof	sharesfollowingshareholder
Example: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	approval	at the Extraordinary General
	Meeting 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 trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011