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 T R Salt.

This document was authorised for release by the Executive Director.

Yours faithfully

$272$

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	Timothy Richard Salt
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 (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	HSBC Custody Nominees (Australia) Limited (Registered holder) The GWA shares are beneficially owned by T&M Salt Holdings Pty Ltd as trustee for The Salt Family Trust. Tim Salt is a director and shareholder of T&M Salt Holdings Pty Ltd
Date of change	17 February 2020
No. of securities held prior to change	476,500 Direct 36,070 Indirect 444,000 Performance Rights (unvested)
Class	Ordinary
Number acquired	329,000 Performance Rights (unvested)
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation

$N/A$

No. of securities held after change	476,500 Direct 36,070 Indirect 773,000 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

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)	$\overline{\phantom{a}}$
Date of change	$\overline{\phantom{0}}$
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	ing.
Interest acquired	÷
Interest disposed	۰
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change	۰

Part 3 - ⁺Closed period

Were the interests in the securities or contracts detailed above $\vert$ No traded during a + closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to $\parallel$ proceed during this period?
If prior written clearance was provided, on what date was this provided?

⁺ See chapter 19 for defined terms.