ELEMENT 25 LIMITED — Director's Dealing 2021

Nov 22, 2021

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	7 July 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	(a) Direct (b) 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 Pty Ltd, a company associated with Mr Cornelius
Date of change	23 November 2021
No. of securities held prior to change	(a) 3,045,548 Ordinary fully paid shares 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) 250,000 Unlisted options ($1.209, expiry 4/11/2025) (b) 2,709,629 Ordinary fully paid shares
Class	(a) Unlisted options ($0.20, expiry 24/11/2021) (a) Ordinary fully paid shares
Number acquired	(a) 500,000
Number disposed	(a) 500,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$100,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change (a) 3,545,548 Ordinary fully paid shares 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) 250,000 Unlisted options ($1.209, expiry 4/11/2025) (b) 2,709,629 Ordinary fully paid shares Nature of change Exercise of unlisted options ($0.20, expiry 24/11/2021). Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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

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

Authorised for release by:

Melissa Chapman

Joint Company Secretary 23 November 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011