FIRST AU LIMITED — Director's Dealing 2020

Aug 25, 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	FIRST AU LIMITED
ABN	65 000 332 918

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	Damon O’Meara
Date of last notice	23 July 2020

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: Damon O’MearaIndirect: refer to section ‘Nature of indirectinterests’
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Great Sandy Pty LtdDrillabit Pty LtdOutback Trees of Australia Pty LtdAre indirect interest associated with Mr DO’Meara
Date of change	25 August 2020
No. of securities held prior to change	Great Sandy Pty Ltd - 6,866,383 sharesDrillabit Pty Ltd – 5,720,000 sharesOutback Trees of Australia Pty Ltd – 8,190,000shares
Class	Fully paid ordinary shares
Number acquired	Drillabit Pty Ltd – 4,500,000 sharesDamon O’Meara – 1,000,000 shares
Number disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Deferred consideration shares issued:Drillabit Pty Ltd – 4,500,000 shares: non cashestimated valuation $85,500Damon O’Meara – 1,000,000 shares: non cashestimated valuation $19,000Based off $0.019 per share closing price,calculated by multiplying the closing price ofFAU shares on ASX on 24 August 2020 by thenumber of deferred consideration shares.
No. of securities held after change	Damon O’Meara – 1,000,000 sharesGreat Sandy Pty Ltd - 6,866,383 sharesDrillabit Pty Ltd – 10,220,000 sharesOutback Trees of Australia Pty Ltd – 8,190,000shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Part of 13,000,000 deferred considerationsharesissueduponachievementofamilestone in accordance with acquisitionagreements as announced to ASX on 10January 2018.RefertotheannouncementcoveringAppendix 2A lodged 25 August 2020, theannouncement released to ASX on 10 January2018, the Notice of Annual General Meetingdated 26 March 2018 and the Prospectus dated6 April 2018, each released to ASX on 6 April2018.The issue of the deferred consideration shareswas previously approved by shareholders atthe annual general meeting of the Companyheld on 8 May 2018.

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 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed	No
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the trade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

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