CASPIN RESOURCES LIMITED — Director's Dealing 2021

Jan 3, 2021

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	Caspin Resources Limited
ABN	33 641 813 587

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	Mark Clifford Lawrenson
Date of last notice	25 November 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.	Solution Management Pty Ltd as trustee for the Lawrenson Family Trust. Mr Lawrenson is a director and shareholder of Solution Management Pty Ltd and a beneficiary of the Lawrenson Family Trust
Date of change	22 and 24 December 2020
No. of securities held prior to change	• 250,000 fully paid ordinary shares • 1,020,000 performance rights (subject to vesting conditions, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and • 500,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation).

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Performance rights (tranche 1 and tranche 2)
Number acquired	Nil. Rather, 900,000 performance rights (Tranche 1 and Tranche 2) have vested on achievement of share price vesting hurdles. The performance rights remain subject to ASX escrow provisions.
Number disposed	Nil. As above.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, only vesting is being disclosed.
No. of securities held after change	• 250,000 fully paid ordinary shares • 120,000 performance rights (subject to vesting conditions, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); • 900,000 performance rights (five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and • 500,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation).
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	900,000 performance rights have vested on achievement of share price hurdle (being the 20 day VWAP exceeding both $0.40 and $0.60) (tranche 1 and tranche 2).

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

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 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.

01/01/2011 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	Caspin Resources Limited
ABN	33 641 813 587

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	Justin Albert Tremain
Date of last notice	25 November 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.	1. Justin Albert Tremain and Sasha Tara Tremain as trustees of the J & S Tremain Superfund. Mr Tremain is a trustee and a beneficiary of the J & S Tremain Superfund. 2. Justin Albert Tremain as a trustee for the J & S Tremain Family Trust. Mr Tremain is the trustee and a beneficiary of the J & S Tremain Family Trust.
Date of change	22 and 24 December 2020

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1. Justin Albert Tremain and Sasha Tara Tremain as trustees of the J & S Tremain Superfund (i) 250,000 fully paid ordinary shares. 2. Justin Albert Tremain as a trustee for the J & S Tremain Family Trust: (i) 780,000 performance rights (subject to vesting conditions, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation); and (ii) 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation).
Class	Performance rights (tranche 1 and tranche 2)
Number acquired	Nil. Rather, 700,000 performance rights (Tranche 1 and Tranche 2) have vested on achievement of a share price vesting hurdle. The performance rights remain subject to ASX escrow provisions.
Number disposed	Nil. As above.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, only vesting is being disclosed.
No. of securities held after change	1. Justin Albert Tremain and Sasha Tara Tremain as trustees of the J & S Tremain Superfund (i) 250,000 fully paid ordinary shares. 2. Justin Albert Tremain as a trustee for the J & S Tremain Family Trust holds: (i) 80,000 performance rights (subject to vesting conditions, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation); (ii) 700,000 performance rights (five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and (iii) 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

	Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	700,000 performance rights have vested on achievement of share price hurdle (being the 20 day VWAP exceeding $0.40 and $0.60) (tranche 1 and tranche 2).

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 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.

01/01/2011 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	Caspin Resources Limited
ABN	33 641 813 587

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	Sze Man (Simone) Suen
Date of last notice	25 November 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 & Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Atasa Holdings Pty Ltd as trustee for the TS3A Family A/C • Ms Suen is a shareholder and director of Atasa Holdings Pty Ltd and is a general beneficiary of the TS3A Family A/C
Date of change	22 and 24 December 2020

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Direct: • 6,818 fully paid ordinary shares Indirect: • 2,915,158 fully paid ordinary shares; • 780,000 performance rights (subject to vesting conditions, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and • 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation)
Class	Performance rights (tranche 1 and tranche 2)
Number acquired	Nil. Rather, 700,000 performance rights (Tranche 1 and Tranche 2) have vested on achievement of a share price vesting hurdle. The performance rights remain subject to ASX escrow provisions.
Number disposed	Nil. As above.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, only vesting is being disclosed.
No. of securities held after change	Direct: • 6,818 fully paid ordinary shares Indirect: • 2,915,158 fully paid ordinary shares; • 80,000 performance rights (subject to vesting conditions, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); • 700,000 performance rights (five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and • 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Nature of change 700,000 performance rights have vested on Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in achievement of share price hurdle (being the 20 day

buy-back VWAP exceeding $0.40 and $0.60) (tranche 1 and tranche 2).

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 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.

01/01/2011 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	Caspin Resources Limited
ABN	33 641 813 587

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	Dr Jon Hronsky
Date of last notice	25 November 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	22 and 24 December 2020
No. of securities held prior to change	• 130,956 fully paid ordinary shares • 780,000 performance rights (subject to vesting conditions, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation) • 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation)
Class	Performance rights (tranche 1 and tranche 2)

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	Nil. Rather, 700,000 performance rights (Tranche 1 and Tranche 2) have vested on achievement of a share price vesting hurdle. The performance rights remain subject to ASX escrow provisions.
Number disposed	Nil. As above.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, only vesting is being disclosed.
No. of securities held after change	• 130,956 fully paid ordinary shares; • 80,000 performance rights (subject to vesting conditions, five-year expiry from date of issue and subject to 24-month escrow from date of ASX quotation); • 700,000 performance rights (five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation); and • 400,000 unlisted options ($0.30 exercise price per option, five-year expiry from date of issue, subject to 24-month escrow from date of ASX quotation).
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	700,000 performance rights have vested on achievement of share price hurdle (being the 20 day VWAP exceeding $0.40 and $0.60) (tranche 1 and tranche 2).

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Interest after change n/a

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above No traded during a[+] closed period where prior written clearance was required?

If so, was prior written clearance provided to allow the trade to n/a proceed during this period?

If prior written clearance was provided, on what date was this n/a provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3