Deterra Royalties Limited — Director's Dealing 2021

Jul 1, 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 Deterra Royalties Limited ABN 88 641 743 348

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	Julian Andrews
Date of last notice	30 June 2021

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	Securities acquired by	J Andrews as	trustee for
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	his daughter. Relevant interest arises by virtueof power to control shares in capacity as trustee.
Date of change	2 July 2021
No. of securities held prior to change	Direct	43,853 ordinary fully
		paid shares
		363,291 performance
		rights
		41,027	Restricted
		Shares
	Indirect	5,050 ordinary fully
		paid shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

ClassNumber acquiredNumber disposedValue/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluationNo. of securities held after change	Fully paid ordinary shares in DeterraSee "Nature of change" for detailsNil.Nil.Direct57,528 ordinary fullypaid shares363,291 performancerights27,352RestrictedSharesIndirect5,050 ordinary fullypaid shares	Fully paid ordinary shares in DeterraSee "Nature of change" for detailsNil.Nil.Direct57,528 ordinary fullypaid shares363,291 performancerights27,352RestrictedSharesIndirect5,050 ordinary fullypaid shares
		5,050 ordinary fullypaid shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Lifting of restrictions attaching to the initialtranche of Restricted Shares issued to MrAndrews in accordance with remunerationarrangements agreed in connection with thedemerger of Deterra from Iluka ResourcesLimited (which was implemented on 2November 2020). Specifically, the RestrictedShares were issued to replace restricted rightswhich Mr Andrews earned in respect of the2019 year, during which he was an employee ofIluka, but which were not granted due to theanticipated demerger and associated changes toMr Andrews' employment. This 3Y relates to aportion of the Restricted Shares that vested inMarch 2021.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
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	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

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

2 July 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3