IODM LIMITED — Major Shareholding Notification 2019

May 1, 2019

604 page 1/2 15 July 2001

Form604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme IODM Limited ACN/ARSN 28 102 747 133

1. Details of substantial holder(1)

Name

ACN/ARSN (if applicable)

Mr Christopher Rogers

There was a change in the interests of the 30 /04 / 19 substantial holder on 07/ 10/ 18 The previous notice was given to the company on The previous notice was dated 07/10/ 18

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate(2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities(4)	Previous notice Present notice	Previous notice Present notice	Previous notice Present notice	Previous notice Present notice
	Person's votes Voting power(5) Person'svotes Voting power(5)
Rogers IODM Portfolio Pty Ltd < Rogers IODM Porfolio Account>	60,282,143 14.17% 60,282,150 11.72%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of	Person whose	Nature of	Consideration	Class and	Person's votes
change	relevant interest changed	change (6)	given inrelation to change (7)	number of securities affected	affected
REFER ANNEXURE A

4. Present relevant interests

Particulars of each relevant interest of the substantial holder invoting securities after the change are as follows:

Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes
REFER ANNEXURE A					,

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2)of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association Name Address CHRISTOPHER ROGERS 5/63 FLOOD STREET LEICHHARDT NSW 2040 print name CHRISTOPHER ROGERS capacity DIRECTOR sign here date 02 /05/ 19

6. Addresses

The addresses of persons named in this form are as follows:

Signature

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. A corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the members hip of each group, with the names and addresses of members is clearly set out in paragraph6 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of accompany constitute one class unless divided into separate classes.

• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) Any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, thevoting p securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

604 page 3/2 15 July 2001

ANNEXURE A TO ASIC FORM 604

Mr CHRISTOPHER ROGERS

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

==> picture [444 x 226] intentionally omitted <==

----- Start of picture text -----

Date of Person whose Nature of Consideration Class and Person's votes
change relevant interest change (6) given in relation number of affected
changed to change (7) securities
affected
18/12/18 Rogers Rubio Off market purchase $300,000 17,647,058 fully 17,647,058
Superannuation Pty Ltd paid ordinary
Account>
18/12/18 Rogers IODM Portfolio Off market sale $300,000 17,647,058 fully 17,647,058
Pty Ltd Portfolio Account> shares
14/01/2019 Rogers IODM Portfolio Conversion to ordinary Nil 7 fully paid 7 fully paid ordinary
Pty Ltd Portfolio Account>
30/04/19 Christopher Rogers Dilution of interest due N/A 300,000 fully 300,000
to equity placement paid ordinary
shares
30/04/19 Rogers IODM Portfolio Dilution of interest due N/A 42,335,089 fully 42,335,092
Pty Ltd Portfolio Account> shares
30/04/19 Rogers Rubio Dilution of interest due N/A 17,647,058 fully 17,647,058
Superannuation Pty Ltd to equity placement paid ordinary
Account>
----- End of picture text -----

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6)	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6)	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6)	Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6)	Class and number of securities Person's votes	Class and number of securities Person's votes
Christopher Rogers Christopher Rogers Christopher Rogers By virtue of section 608 (1)(a)(b)(c) of the Corporations Act 2001(Cth)				300,000 300,000
Rogers IODM Portfolio Pty Ltd Portfolio Trust> Rogers IODM Portfolio Pty Ltd Trust> Rogers IODM Portfolio Pty Ltd Trust> By virtue of section 608 (1)(a)(b)(c) of the Corporations Act 2001(Cth)				42,335,089 fully Paid ordinary shares 42,335,092
Rogers Rubio Superannuation Pty Ltd Superfund\ Account>	Rogers Rubio Superannuation Pty Ltd Account>	Rogers Rubio Superannuation Pty Ltd Superfund Account>	By virtue of section 608 (1)(a)(b)(c) of the Corporations Act 2001(Cth)	17,647,058 fully paid ordinary shares	17,647,058