IRON ROAD LIMITED — Director's Dealing 2021

May 27, 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	Iron Road Ltd
ABN	51 128 698 108

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	Peter CASSIDY
Date of last notice	17 December 2020

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 and Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Cedarose Pty Ltd (Cedar Super). Cedarose Pty Ltd A/C> (Cassidy Family). Seisun Capital Pty Ltd (Seisun). Dr Cassidy is a director and shareholder of Cedarose Pty Ltd and Seisun and a beneficiary of the trusts.
Date of change	28 May 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1,081,392 Shares held by Cedar Super 4,274,963 Shares held by Cassidy Family 4,575,042 Shares held by Seisun 913,000 Performance Rights 1 and 2,000,000 Performance Rights 2 held by Dr Cassidy
Class	Shares – fully paid ordinary shares Performance Rights 1 – unquoted vested performance rights expiring 31 December 2023 Performance Rights 2 – unquoted vested performance rights expiring 31 December 2025
Number acquired	139,535 Shares held by Cedar Super 139,535 Shares held by Cassidy Family 139,535 Shares held by Seisun
Number disposed	None
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$90,000.00
No. of securities held after change	1,220,927 Shares held by Cedar Super 4,414,498 Shares held by Cassidy Family 4,714,577 Shares held by Seisun 913,000 Performance Rights 1 and 2,000,000 Performance Rights 2 held by Dr Cassidy
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Acceptance of full entitlement in Iron Road Share Purchase Plan.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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.

be disclosed in thispart.
Detail of contract	Not applicable
Nature of interest
Name of registered holder (if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3– +Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	Not applicable
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