LEGEND MINING LIMITED — Director's Dealing 2020

Aug 9, 2020

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity: Legend Mining Limited

ACN: 060 966 145

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Oliver Charles Kiddie
Date of appointment	10 August 2020

Part 1 - Director’s relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

7 million zero exercise priced options expiring on 10 August 2025 issued under the Company’s Employee Incentive Plan Rules approved at the 2020 AGM (ESOP) as follows (subject to Mr Kiddie remaining in employment during the relevant vesting period):

• 1.5 million zero exercise price options vesting 12 months after they are issued;

• 1.5 million zero exercise price options vesting 24 months after they are issued; and

• 4.0 million zero exercise price options vesting when the 20 day VWAP of shares is greater than the Vesting Price of 28 cents per share for a minimum period of 20 continuous ASX trading days during the life of the zero exercise price options,

• and other terms and conditions determined by the Company’s ESOP, and issued pursuant to Exception 12 in ASX Listing Rule 10.12 as a one-off incentive

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

	Name of holder & nature of interest Note: Provide details of the circumstances giving rise to the relevant interest. Spouse: Lydia Suzanne Jane Windsor	Number & class of Securities 2,608,157 ordinary shares fully paid

• See chapter 19 for defined terms.

11/3/2002

Appendix 3X Page 1

Appendix 3X Initial Director’s Interest Notice

Part 3 – 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
No. and class of securities to which interest relates	n/a

• See chapter 19 for defined terms.

Appendix 3X Page 2

11/3/2002