GWA GROUP LIMITED. — Director's Dealing 2020

Feb 17, 2020

ABN 15 055 964 380 t 61 7 3109 6000 www.gwagroup.com.au

Building 3B 200 Holt Street Pinkenba QLD 4008

GPO Box 1411 Brisbane QLD 4001

18 February 2020

ASX On-Line Manager Company Announcements Australian Securities Exchange

Dear Sir

Change of Director's Interest Notice

Attached is an Appendix 3Y Change of Director's Interest Notice for Mr R J Thornton.

This document was authorised for release by the Executive Director.

Yours faithfully

R J Thornton Executive Director

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	GWA GROUP LIMITED
ABN	ABN 15 055 964 380

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	Richard James Thornton
Date of last notice	26 August 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 Direct and indirect Nature of indirect interest RJT Investments No 2 Pty Ltd (including registered holder) ACN 164 352 952 (Registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. shares in RJT Investments No 2 Pty Ltd Date of change 17 February 2020 No. of securities held prior to change 206,827 Direct 22,750 Indirect 91,000 Performance Rights (unvested) Class Ordinary Number acquired 40,500 Performance Rights (unvested) Number disposed $\overline{\phantom{0}}$ Value/Consideration $\rightarrow$ Note: If consideration is non-cash, provide details and estimated valuation
The relevant interest is a $25\%$ shareholding in TFCT Pty Ltd ACN 163 975 755, a corporate trustee, which holds all of the

⁺ See chapter 19 for defined terms.

No. of securities held after change	206,827 Direct 22,750 Indirect 131,500 Performance Rights (unvested)
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan. participation in buy-back	Grant of Performance Rights under GWA Group Long Term Incentive Plan

Part 2 - Change of director's interests in contracts

N/A

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	$\overline{\phantom{a}}$
Name of registered holder (if issued securities)	$\blacksquare$
Date of change	$\blacksquare$
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	$\overline{\phantom{a}}$
Interest acquired	$\overline{\phantom{0}}$
Interest disposed	$\qquad \qquad$
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change	$\overline{\phantom{0}}$

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?	N 0
If so, was prior written clearance provided to allow the trade to proceed _ during this period?
If prior written clearance was provided, on what date was this provided?

⁺ See chapter 19 for defined terms.