ECOGRAF LIMITED — Director's Dealing 2023

Feb 20, 2023

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 EcoGraf Limited ABN 15 117 330 757

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	Andrew Spinks
Date of last notice	10 December 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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances givingrise to the relevant interest.	Not applicable
Date of change	21 February 2023

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change		Direct 2,575,000 fully paid ordinary shares (Shares) 2,095,825 Performance Rights Indirect 6,994,388 Shares held by Andrew Spinks as trustee for the A S Gold Super Fund 2,429,434 Shares held by Andrew Spinks as trustee for the Spinks Family Trust
Class		(a) Performance Rights will expire on 21 February 20281 (b) Subject to achievement of vesting conditions by 21 January 2028, Performance Rights will vest and expire on 21 February20282.
Number acquired		(a) 164,275 Performance Rights (b) 963,908 Performance Rights
Number disposed		Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		(a) Short-term incentive award of $106,762 for the financial year ended 30 June 2022 is being equity- settled through the issue of Performance Rights, calculated by reference to the volume weighted average market price (VWAP) of Shares traded on ASX during the year ended 30 June 2022, being $0.6499. (b) Long-term incentive opportunity is being equity- settled through the issue of Performance Rights, calculated by reference to the 20-day VWAP of Shares traded up to and including 30 September 2022, being $0.3692.

1 The terms and conditions of the Performance Rights were summarised in Schedule 2 and were issued subject to the terms of the Performance Rights Plan summarised in Schedule 1 to the Notice of Annual General Meeting released to the ASX on 28 October 2022.

2 The terms and conditions of the Performance Rights were summarised in Schedule 4 and were issued subject to the terms of the Performance Rights Plan summarised in Schedule 1 to the Notice of Annual General Meeting released to the ASX on 28 October 2022.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change		Direct 2,575,000 Shares 3,224,008 Performance Rights Indirect 6,994,388 Shares held by Andrew Spinks as trustee for the A S Gold Super Fund 2,429,434 Shares held by Andrew Spinks as trustee for the Spinks Family Trust
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back		Issue of Performance Rights following receipt of shareholder approval at the Annual General Meeting held on 29 November 2022.

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.

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Detail of contract Not applicable
Nature of interest
Name of registered holder
(if issued securities)
Date of change
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide
details and an estimated valuation
Interest after change
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Part 3 –[+] Closed period

Were the interests in the No securities or contracts detailed above traded during a[+] closed period where prior written clearance was required?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011