COMET RIDGE LIMITED — Director's Dealing 2020

Dec 9, 2020

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 COMET RIDGE LIMITED ABN 47 106 092 577

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	JAMES ALLAN VINCENT MCKAY
Date of last notice	26 August 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Indirect:As Trustee and Director of Waterford AtlanticPty Ltd atf The McKay Family Trust; andAs Trustee and Director of McKay Super PtyLtd atf The McKay Super Fund.As Trustee and Director of VOC InvestmentPty Ltd
Date of change		8 December 2020
No. of securities held prior to change		13,697,082 ordinary shares held: WaterfordAtlantic Pty Ltd ATF The McKay Family Trust20,253,129 ordinary shares held:McKaySuper Fund Pty Limited ATF McKay SuperFund3,300,000 ordinary shares held: VOCInvestment Pty Ltd

Appendix 3Y Change of Director’s Interest Notice

Class
	Ordinary fully paid shares
Number acquired	668,170 Ordinary fully paid shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.085 per share based averaged 10 daysVWAP value for period April 2020 to October
	2020.
No. of securities held after change
	14,365,252 ordinary shares held: Waterford
	Atlantic Pty Ltd ATF The McKay Family Trust
	20,253,129 ordinary shares held:McKay
	Super Fund Pty Limited ATF McKay Super
	Fund
	3,300,000 ordinary shares held: VOC
	Investment Pty Ltd
Nature of change
Example: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	As consideration paid to non-executivedirectors who agreed to forgo the cashcomponent of their monthly director and
	board committee fees with respect to the
	period from April 2020 to October 2020, in
	exchange for the issue of fully paid ordinary
	shares in the Company.

Part 2 – Change of director’s interests in contracts N/A

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 Name of registered holder (if issued securities) Date of change 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3