DEEP YELLOW LIMITED — Director's Dealing 2020

Feb 13, 2020

ASX & NSX: DYL / OTCQX: DYLLF

==> picture [363 x 73] intentionally omitted <==

ASX Announcement

14 February 2020

CHANGE IN DIRECTORS’ INTERESTS – BUY-BACK AND CANCELLATION

Deep Yellow Limited (ASX:DYL) ( Deep Yellow or Company ) refers to the announcement made on 13 February 2020 confirming the buy-back and cancellation of 2,028,346 ordinary shares previously issued to Directors and Staff.

These shares had been previously issued pursuant to the Deep Yellow Loan Share Plan and had not met the relevant vesting criteria.

Attached for immediate release are Appendix 3Ys for those Directors effected.

Yours faithfully

==> picture [104 x 47] intentionally omitted <==

MARK PITTS Company Secretary Deep Yellow Limited

This ASX announcement was authorised for release by Mr Mark Pitts, Company Secretary, for and on behalf of the Board of Deep Yellow Limited.

For further information, contact:

John Borshoff Phone: +61 8 9286 6999 Managing Director/CEO Email: john.borshoff@deepyellow.com.au

For further information on the Company and its projects, please visit the website at: www.deepyellow.com.au

Unit 17, Spectrum Building, 100-104 Railway Road, Subiaco, Western Australia, 6008 / PO Box 1770, Subiaco, Western Australia, 6904 Tel : 61 8 9286 6999 / ABN 97 006 391 948 Email: info@deepyellow.com.au / Website: www.deepyellow.com.au

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 DEEP YELLOW LIMITED ABN 97 006 391 948

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	John Borshoff
Date of last notice	20 December2019

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.
Date of change	13 February 2020
No. of securities held prior to change	48,387 ordinary shares4,264,236 subject the Deep Yellow Loan Share Plan7,060,753 ordinary shares subject the Deep Yellow LoanShare Plan and to various vesting conditions
Class	Ordinary Shares
Number acquired	Nil
Number disposed	1,531,346
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil (Buy-back / cancellation occurred in full satisfactionof a Loan related to the shares)
No. of securities held after change	48,387 ordinary shares4,264,236 subject the Deep Yellow Loan Share Plan5,529,407 ordinary shares subject the Deep Yellow LoanShare Plan and to various vesting conditions
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Shares did not meet vesting conditions and weresubject to buyback and cancellation in accordance withtheir terms.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 DEEP YELLOW LIMITED ABN 97 006 391 948

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	Gillian Swaby
Date of last notice	20 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 and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Strategic Mining Consultants Pty Ltd as Trustee of theG Swaby Superfund and of which G Swaby is a directorand shareholder
Date of change	13 February 2020
No. of securities held prior to change	2,739,524 ordinary shares held directly by G Swaby3,669,569 ordinary shares held directly by G Swaby butsubject to the Deep Yellow Loan Share Plan and ofwhich 3,388,894 are subject to various vestingconditions.280,850 ordinary shares held by Strategic MiningConsultants Pty Ltd
Class	Ordinary Shares
Number acquired	Nil
Number disposed	120,000
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil (Buy-back / cancellation occurred in full satisfactionof a Loan related to the shares)

• 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	2,739,524 ordinary shares held directly by G Swaby3,549,569 ordinary shares held directly by G Swaby butsubject to the Deep Yellow Loan Share Plan and ofwhich 3,268,894 are subject to various vestingconditions.280,850 ordinary shares held by Strategic MiningConsultants Pty Ltd
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Shares did not meet vesting conditions and weresubject to buyback and cancellation in accordance withtheir terms.

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
Name of registered holder(if issued securities)	,
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011