LATROBE MAGNESIUM LIMITED — Director's Dealing 2021

Jun 2, 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	Latrobe Magnesium Limited
ABN	52 009 173 611

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	Kevin Anthony Torpey
Date of last notice	12 January 2021

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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	Indirect Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Famallon Pty LtdFamallon Pty Ltd <Famallon No.2 Super Fund A/C>Famallon Pty Ltd <Famallon No.2 S/F A/C>Kevin Torpey is a principal of the company andbeneficiary of the fund.
Date of change	27 May 2021
No. of securities held prior to change	19,915,956 shares – Famallon Pty Ltd80,194,358 shares - Famallon Pty Ltd <Famallon No.2Super Fund A/C>3,152,239 shares – Famallon Pty Ltd <Famallon No.2S/F A/C>
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	100,000 shares – Famallon Pty Ltd <Famallon No.2S/F A/C>
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$0.017

• 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 after change	19,915,956 shares - Famallon Pty Ltd80,194,358 shares - Famallon Pty Ltd <Famallon No.2
	Super Fund A/C>
	3,052,239 shares - Famallon Pty Ltd <Famallon No.2
	S/F A/C>
Nature of change	On market trade
Example: on-market trade, off-market trade, exercise
of options, issue of securities under dividend
reinvestment plan, participation in buy-back

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.

==> picture [434 x 315] intentionally omitted <==

----- Start of picture text ----- Detail of contract NilNature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? 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. Appendix 3Y Page 2

01/01/2011