ILUKA RESOURCES LIMITED — Director's Dealing 2021

Mar 7, 2021

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: Iluka Resources Limited

ABN: 34 008 675 018

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	Thomas O’Leary
Date of last notice	8 January 2021

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 interest
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	N/A
Date of change	1 March 2021
No. of securities held prior to change	346,038 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	41,015 fully paid ordinary shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	387,053 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Vest and automatic exercise of 2019 EIP restricted rights into shares (see part 2).

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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	Contract of Employment (‘Contract’)/2016 LTIP 2017 Long Term Incentive Plan (‘LTIP’) 2018 Executive Incentive Plan (‘EIP’) 2019 EIP
Nature of interest	Vest and automatic exercise of restricted rights into shares in the 2019 EIP (see part 1) Lapse of performance rights in the 2016 LTIP. Lapse of performance rights in the 2017 LTIP. Vesting of performance rights in the 2016 LTIP – as yet not exercised Vesting of performance rights in the 2017 LTIP – as yet not exercised
Name of registered holder (if issued securities)	N/A
Date of change	1 March 2021
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	Contract: 461,449 Performance Rights provided in respect of the director’s 2016 LTIP grant. 2017 LTIP: 448,915 Performance Rights provided under the Company’s 2017 LTIP. 2018 EIP: 138,682 Performance Rights, as approved by shareholders at the 2018 AGM. 2019 EIP: 78,088 Performance Rights, as approved by shareholders at the 2019 AGM 123,047 Restricted Rights, as approved by shareholders at the 2019 AGM
Interest acquired	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed		1 March 2021– Lapse of rights (Contract)/2016 LTIP 296,642 unvested Performance Rights lapsed 1 March 2021– Lapse of rights 2017 LTIP 253,323 unvested Performance Rights lapsed 1 March 2021– Vest of rights 2019 EIP 41,015 unvested Restricted Rights vested and were automatically exercised into shares
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation		Nil
Interest after change		Contract: 164,807 Performance Rights provided in respect of the director’s 2016 LTIP grant, which have vested but have not yet been exercised. 2017 LTIP: 195,592 Performance Rights provided under the Company’s 2017 LTIP which have vested but have not yet been exercised. 2018 EIP: 138,682 Performance Rights 2019 EIP: 78,088 Performance Rights 82,032 Restricted Rights

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
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.

01/01/2011 Appendix 3Y Page 3