IPH LIMITED — Director's Dealing 2020

Sep 22, 2020

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	IPH Limited
ABN	46 169 015 838

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	John Atkin
Date of last notice	19 March 2018

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	(a) Indirect (b) Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	(a) Power to exercise or control the exercise of the right to vote or dispose of the shares held by: Maialee Pty Limited (ACN 003 025 572) as trustee for the Atkin Haddrick Superannuation Fund. (b) Power to exercise or control the exercise of the right to vote or dispose of the shares held by: Bond Street Custodians Limited as nominee for Maialee Pty Limited (ACN 003 025 572) as trustee for the Atkin Haddrick Superannuation Fund.
Date of change	(a) (i) 21 January 2019 (ii) 18 September 2020 (b) 21 January 2019
No. of securities held prior to change	(a) 23,809 (b) 92,020
Class	(a) Fully paid ordinary shares (b)Fully paid ordinaryshares
Number acquired	(a) (i) 92,020 (ii) 2,557 (b) Nil

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	(a) Nil (b) 92,020
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(a) (i) $516,232.20 (based on the closing price of shares on that date) (ii) $17,374.35 for 2,557 ordinary shares issued through participation in the dividend reinvestment plan) (b) $516,232.20 (based on the closing price of shares on that date)
No. of securities held after change	(a) 118,386 (b)Nil
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	(a) (i) Off-market transfer of shares from Bond Street Custodians Limited as nominee for Maialee Pty Limited (ACN 003 025 572) as trustee for the Atkin Haddrick Superannuation Fund to Maialee Pty Limited (ACN 003 025 572) as trustee of the Atkin Haddrick Superannuation Fund. (ii) Issue of shares under dividend reinvestment plan (b) Off-market transfer of shares to Maialee Pty Limited (ACN 003 025 572) as trustee for the Atkin Haddrick Superannuation Fund from Bond Street Custodians Limited as nominee for Maialee Pty Limited (ACN 003 025 572) as trustee for the Atkin Haddrick Superannuation Fund.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A

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• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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?	The interests in securities detailed above were not traded during a closed period where prior written clearance was required. 2,557 securities were issued through participation in the dividend reinvestment plan.
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

3467-7504-7441, v. 3

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

3467-7504-7441, v. 3