CODAN LIMITED — Director's Dealing 2019

Dec 19, 2019

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 30/9/2001.

Name of entity: Codan Limited ABN: 77 007 590 605

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	Donald Shields McGurk
Date of last notice	5 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	Direct/indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	See below
Date of change	20 December 2019
No. of securities held prior to change	Ordinary shares – Tradon Investments PtyLtd as trustee for McGurk Family A/C –550,424Ordinary shares – Donald Shields McGurk –20,152Ordinary shares – Donald Shields McGurk &Sally Anne Crothers as trustee for Burn BraeS/F A/C – 91,848Performancerights–DonaldShieldsMcGurk – 280,143
Class	Ordinary shares
Number acquired	Nil

Appendix 3Y Change of Director’s Interest Notice

Number disposed	Tradon Investments Pty Ltd as trustee for McGurkFamily A/C - 1,646 shares @ $7.23 per share;28,202 shares @ $7.01 per shareDonald Shields McGurk - 20,152 shares @ $7.03per share
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	See above
No. of securities held after change	Ordinary shares – Tradon Investments PtyLtd as trustee for McGurk Family A/C –520,576Ordinary shares – Donald Shields McGurk &Sally Anne Crothers as trustee for Burn BraeS/F A/C – 91,848Performancerights–DonaldShieldsMcGurk – 280,143
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	On-market trade

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 towhich interest related prior tochangeNote: Details are only required for a contract in relationto which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 – Closed period

Part 3 – Closed period
Were the interests in the securities or contractsdetailed above traded during a closed period whereprior written clearance was required?	No
If so, was prior written clearance provided to allowthe trade to proceed during this period?	N/A
If prior written clearance was provided, on what datewas this provided?	N/A