DYNAMIC METALS LIMITED — Director's Dealing 2023

Jan 16, 2023

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 Dynamic Metals Limited ARBN 37 659 154 480

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Karen Wellman
Date of appointment	24 May 2022

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

• 250,000 shares

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Part 2 – Direcregistered hoIn the case of a tru		tor’s relevant intelderst, this includes interests		rein	sts in securities othe trust made availabl		fe	which theby the responsi	director is not theble entity of the trust
	Name of holder & natureinterest
		Name of holder & natureinterest				of	Number & c	la	ss of Secur	it	ies
		Note: Provide details		of the circumstances giving	ri	se to
		the relevant interest.
		Serpentine Inwhich Karen		vestment TrustofWellman is a			2,000,000and expir		options exing on 16 Jan		ercisable at $0.30 eachuary 2026
		beneficiary

Part 3 – 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	N/A
(if issued securities)
No. and class of securities to which	N/A
interest relates

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002