ELEMENT 25 LIMITED — Director's Dealing 2021

Jul 6, 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	26 May 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
	(c) Indirect
Nature of indirect interest	(b) Held by Sino West Assets Limited, a company associated
(including registered holder)	with Mr Cornelius
Note: Provide details of the circumstances giving rise to therelevant interest.	(c) Held by Sino West Assets Pty Ltd, a company associatedwith Mr Cornelius
Date of change	30 June 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) 200,000 Ordinary fully paid shares
	(c) 2,509,629 Ordinary fully paid shares
Class	Ordinary fully paid shares
Number acquired	(c) 200,000
Number disposed	(b) 200,000
Value/Consideration	$2.20 per share
Note: If consideration is non-cash, provide details and
estimated valuation

• 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	No. of securities held after change	(a) 3,045,548 Ordinary fully paid shares500,000 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)
		(c) 2,709,629 Ordinary fully paid shares
NaExaoptipart	ture of changemple: on-market trade, off-market trade, exercise ofons, issue of securities under dividend reinvestment plan,icipation in buy-back	Off market transfer

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.

De	tail of contract	N/A
Na	ture of interest	N/A
Na(if	me of registered holderissued securities)	N/A
Da	te of change	N/A
NointNotrela	. and class of securities to whicherest related prior to changee: Details are only required for a contract intion to which the interest has changed	N/A
Int	erest acquired	N/A
Int	erest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	lue/Consideratione: If consideration is non-cash, provide detailsan estimated valuation	N/A
Interest after change		N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

Authorised for release by:

Melissa Chapman Joint Company Secretary 7 July 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011