GLOBAL MASTERS FUND LIMITED — Director's Dealing 2021

Mar 15, 2021

Appendix 3X Initial Director's Interest Notice

Rule 3.19A.1

Appendix 3X

Initial Director's Interest Notice

In fo rmation or documents not available now must be given to ASX as soon as avai lable. In fo rmation and documents given to ASX become ASX's pro pert y and may be made public. Introdu ced 30/9/2001.

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Global Masters Fund Limited

We (the entity) give ASX th e following information und er listing rule 3.19A. l and as agent for the director for the purposesof section 205G of th e Corporations Act.

Name of Alternate Director	Angela Obree
Date of appointment	11 March 2021

Part 1 - Director's relevant interests in securities of which the director is the registered holder

Jn the case of a trust, this includes interests in the trust mad e available by the responsib le entity of the trust

Nore: In the case of a company, i nterests which come with in paragraph (i) of the definition of " not ifia ble interest of a director" sho uld be disclosed in this part .

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Number & class of securities
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Nil
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• See chapter 19 for defined terms.

Appendix 3X Page 1

Appendix 3X Initial Director's Interest Notice

Part 2 - Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder&nature of interest Note:Provide derailsof the circumstancesgivingrise tothe relevanti nterest. Not applicable	Number&class of Securities Notapplicable

Part 3 - Director's interests in contracts

Note: I n the case of a compan y, interests wh ich co me wit hi n paragraph (ii) of t he defin it io n of "not ifiab le i nterest of a directo r" sho uld be disclo sed in this part.

Detail of contract I Nil Nature of interest Name of registered holder (if issued securities) No. and class of securities to which interest relates

• See chapter 19 for defined terms.

App end ix 3X Page 2