HAZER GROUP LIMITED — Director's Dealing 2023

Apr 2, 2023

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity Hazer Group Limited ABN 40 144 044 600

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Glenn Corrie
Date of appointment	31 March 2023

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

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.

Number & class of securities

38,871 Ordinary Shares

500,000 Options (exe $0.001, exp 22/12/27) vesting on the later of 12 months service or a share price of 130% of 30 d VWAP at 29 June 2022 (ie $0.825).

600,000 Options (exe $0.001, exp 22/12/27) vesting on the later of 18 months service or a share price of 150% of 30 d VWAP at 29 June 2022 (ie $0.952).

800,000 Options (exe $0.001, exp 22/12/27) vesting on the later of 24 months service or a share price of 200% of 30 d VWAP at 29 June 2022 (ie $1.269).

1,000,000 Options (exe $0.001, exp 22/12/27) vesting on the later of 30 months service or a share price of 300% of 30 d VWAP at 29 June 2022 (ie $1.904).

1,200,000 Options (exe $0.001, exp 22/12/27) vesting on the later of 36 months service or a share price of 400% of 30 d VWAP at 29 June 2022 (ie $2.538). Refer to Notice of Meeting dated 19/10/22.

Refer to Notice of Meeting dated 19 October 2022 for further details on the abovementioned options terms and conditions.

*Price hurdle reference rate - 30 day VWAP reference - $0.63461405.

• See chapter 19 for defined terms.

11/3/2002

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 Number & class of Securities interest Note: Provide details of the circumstances giving rise to the relevant interest. N/A N/A

Part 3 – 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	Executive Employment Agreement between Mr Corrieand Hazer Group Limited (refer to ASX announcementdated 29 June 2022) which provides, inter alia:Future Short Term Incentive Securities:Mr Corrie is able to earn up to 50% of base salary, paid50% in cash and 50% in shares pursuant to theCompany’s STI scheme. Shares are to be priced at the30-day VWAP at the start of each performance year.Key Performance targets will be established by theBoard for each performance year against which the STIpayable will be assessed. Subject to shareholderapprovals and claw-back provisions.Future Long Term Incentive Securities:Mr Corrie is eligible to be issued Long Term IncentiveSecurities (incentive options/performance rights) up tothe value of 100% per annum (based on Black Scholesvaluation of any performance options offered under theplan) of the Executive’s Base Salary excludingsuperannuation on terms agreed between the parties atthe time of completion of the Initial Term (three yearsfrom commencement dated, being 10 October 2025).Subject to shareholder approvals and claw-backprovisions.
Nature of interest	Direct interest
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	Ordinaryshares,unlistedincentiveoptionsorperformance rights. Number yet to be determined.

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002