ELEMENT 25 LIMITED — Director's Dealing 2020

Jun 4, 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	ELEMENT 25 LIMITED
ABN	16 119 711 929

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	Seamus Cornelius
Date of last notice	22 November 2019

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	(a) Direct (b)–(c)Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(b) Held by Sino West Assets Limited, a company associated with Mr Cornelius (c) Held by Kongming Investments Limited, a company associated with Mr Cornelius
Date of change	3 June 2020
No. of securities held prior to change	(a) 1,087,815 Ordinary fully paid shares 500,000 Unlisted options (35 cents, expiry 20/11/2020) 500,000 Unlisted options (20 cents, expiry 24/11/2021) 300,000 Unlisted options (35.5 cents, expiry 28/11/2022) 500,000 Unlisted options (26.1 cents, expiry 28/11/2023) 500,000 Unlisted options (27.3 cents, expiry 20/11/2024) (b) 1,104,852 Ordinary fully paid shares (c) 1,382,733 Ordinary fully paid shares
Class	Ordinary fully paid shares
Number acquired	(a) 1,382,733
Number disposed	(c) 1,382,733
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$553,159.20 (including fees)
No. of securities held after change	(a) 2,470,548 Ordinary fully paid shares 500,000 Unlisted options (35 cents, expiry 20/11/2020) 500,000 Unlisted options (20 cents, expiry 24/11/2021) 300,000 Unlisted options (35.5 cents, expiry 28/11/2022) 500,000 Unlisted options (26.1 cents, expiry 28/11/2023) 500,000 Unlisted options (27.3 cents, expiry 20/11/2024) (b) 1,104,852 Ordinary fully paid shares (c) Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Off-market transfer between holdings with no change in beneficial ownership.

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 interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated 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 traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

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John Ribbons Company Secretary 5 June 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011