CODAN LIMITED — Director's Dealing 2019

Dec 4, 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	29 November 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	N/A
Date of change	See below
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 –99,154Ordinary shares – Donald Shields McGurk &Sally Anne Crothers as trustee for Burn BraeS/F A/C – 73,000Performancerights–DonaldShieldsMcGurk – 280,143
Class	Ordinary shares
Number acquired	Nil

Appendix 3Y Change of Director’s Interest Notice

	Number disposed	Number disposed	Number disposed	29/11/19 – 49,936 shares @ $6.61 per share2/12/19 10218 h @ $660 h	29/11/19 – 49,936 shares @ $6.61 per share2/12/19 10218 h @ $660 h	29/11/19 – 49,936 shares @ $6.61 per share2/12/19 10218 h @ $660 h	29/11/19 – 49,936 shares @ $6.61 per share2/12/19 10218 h @ $660 h
				–	, sares . per sare
	Value/CoNote: If consid	nsiderationeration is non-cash, provide details	and estimated valuation	See above
	No. of sec	urities held after chang	e	Ordinary shaLtd as trust	res – Tradon Investe for McGurk Fam	ments Ptyil A/C –
				550,424		y
				Ordinary sha39,000	res – Donald Shields	McGurk –
				Ordinary sharSally Anne C	es – Donald Shieldsrothers as trustee for	McGurk &Burn Brae
				S/F A/C – 73,000Performancerights–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
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Appendix 3Y Change of Director’s Interest Notice

Part 3 – Closed period

Were the interests in the securities or contracts No detailed above traded during a closed period where prior written clearance was required? If so, was prior written clearance provided to allow N/A the trade to proceed during this period? If prior written clearance was provided, on what date N/A was this provided?