DYNO NOBEL LIMITED. — Director's Dealing 2020

May 24, 2020

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	INCITEC PIVOT LIMITED
ABN	42 004 080 264

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	Jeanne Marie Johns
Date of last notice	14 January 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 interest in Incitec Pivot Limited
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.		N/A
Date of change		21 May 2020
No. of securities held prior to change		292,205 fully paid ordinary shares in Incitec Pivot Limited.2,147,790 performance rights (to acquire shares),consisting of:•134,115 performance rights allocated under the 2018Short Term Incentive Plan for CEO;•674,157 performance rights allocated under the2017/20 Long Term Incentive Plan;•616,032 performance rights allocated under the2018/21 Long Term Incentive Plan; and•723,486 performance rights allocated under the2019/22 LongTerm Incentive Plan.
Class		Fully paid ordinary shares
Number acquired		100,780 fully paid ordinary shares
Number disposed		Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$1.9773 average price per share
No. of securities held after change	392,985 fully paid ordinary shares in Incitec Pivot Limited.2,147,790 performance rights (to acquire shares), consisting of:•134,115 performance rights allocated under the 2018 ShortTerm Incentive Plan for CEO;•674,157 performance rights allocated under the 2017/20 LongTerm Incentive Plan;•616,032 performance rights allocated under the 2018/21 LongTerm Incentive Plan; and•723,486 performance rights allocated under the 2019/22 LongTerm Incentive Plan.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, 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 to which interestrelated prior to changeNote: Details are only required for a contract in relation towhich 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

Part 3 – +Closed period
Were the interests in the securities or contracts detailed above tradedduring a+closed period where prior written clearance was 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

Richa Puri Company Secretary 25 May 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011