ECOGRAF LIMITED — Director's Dealing 2021

Mar 3, 2021

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	EcoGraf Limited
ABN	15 117 330 757

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 Date of appointment	Howard Rae 1 March 2021

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

Nil

• 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 – Director’s holder In the case of a trust, t
	Director’s e of a trust, t	relevant intere	sts in securi		ties of w	hich the director is n	ot	the registered
		his includes intere	sts in the trust m		ade availa	ble by the responsible enti	ty o	f the trust
Name of holder Note: Provide details rise to the relevant inte	f hldr	ntr f int	rt	N	br & l	f Sriti
		aue o ees		u	e cass o ecues
		of the circumstances giving rest.
BCV Nominees Pty Ltd Cove Investments A/C>. Mr Rae is a director of the trustee and a beneficiary of the trust.				150,000 fully paid ordinary shares (Shares). 1,000,000 Shares subject to restrictions on transfer until 13 July 2022 or such earlier date as determined in accordance with the Employee Share Plan Rules. 2,000,000 Shares subject to restrictions on transfer until 22 December 2022 or such earlier date as determined in accordance with the Employee Share Plan Rules. 1,775,000 performance rights which vest on achievement of milestones prior to the expiry date of 19 January 20261

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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
No. and class of securities to which interest relates	Not applicable

1 The terms and conditions of the Performance Rights were summarised in Schedule 2 to the Notice of Annual General Meeting released to the ASX on 26 October 2020.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002