HIGH PEAK ROYALTIES LIMITED — Director's Dealing 2018

Aug 15, 2018

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 High Peak Royalties Limited

ABN 79 118 065 704

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	Andrew Robert Carroll
Date of last notice	20 February 2017

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 or indirect interest	Indirect
	Nature of indirect interest(including registered holder)		1. Australasian Energy Pty Ltd(Director and Shareholder)2. Rae Carroll Nominees Pty Ltd asTrusteeforTheCarrollSuperannuation Plan – Portfolio A/C(Director and Member)3. Katherine Jane Rae(Spouse of Mr Carroll)
	Note: Provide details of the circumstances giving rise tinterest.	o the relevant	2R Cll i P
			. ae arro Nomnees tyTrusteeforThe
			Superannuation Plan – PortfolDit d Mb
	Date of change		16 August 2018
	No. of securities held prior to change		Direct: 1,902,609 Ordinary SharesIndirect:1. 1,125,000 Ordinary Shares2. 5,101,770 Ordinary Shares3. 1,050,000 Ordinary Shares
	Class		See above

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	100,000 Ordinary Shares
Number disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$4,959.19
No. of securities held after change	Direct: 1,902,609 Ordinary SharesIndirect:1. 1,125,000 Ordinary Shares2. 5,201,770 Ordinary Shares3. 1,050,000 Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On Market purchase of 100,000 ordinaryshares,purchasedforatotalcashconsideration of $4,959.19.

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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	-
If prior written clearance was provided, on what date was thisprovided?	-

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3