LOTUS RESOURCES LIMITED — Director's Dealing 2022

Sep 11, 2022

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 LOTUS RESOURCES LIMITED

ABN 38 119 992 175

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	KEITH BOWES
Date of last notice	29 November 2021

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, indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mikenty Pty Ltd (ATF Bowes Family A/C) BT Portfolio Services (Bowes Family A/C)
Date of change	09 September 2022

• 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	 228,713,927 Ordinary Shares  625,000 Unquoted Options, exercisable at $0.04, expiring 12/09/22  1,125,000 Unquoted Options, exercisable at $0.04, expiring 13/03/23  6,000,000 Unquoted Options, expiring 10 February 2024, exercisable at $0.00, subject to satisfaction of vesting criteria related to continuous service and share price hurdles as set out in the Notice of Meeting dated 30 June 2021.  648,000 Unquoted Options, expiring 29 July 2024, exercisable at $0.00, subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project  1,230,000 Unquoted Options, expiring 29 November 2026, exercisable at $0.00, subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project
Class	Acquired – Ordinary Shares Disposed – Unquoted Options expiring 12 09 22
Number acquired	Ordinary shares - 625,000
Number disposed	625,000 unquoted options expiring 12 09 22
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Option exercise price of $0.04.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

 229,338,927 Ordinary Shares  1,125,000 Unquoted Options, exercisable at $0.04, expiring 13/03/23  6,000,000 Unquoted Options, expiring 10 February 2024, exercisable at $0.00, subject to satisfaction of vesting criteria related to continuous service and share price hurdles as set out in the Notice of Meeting dated 30 June 2021.  648,000 Unquoted Options, expiring 29 July 2024, exercisable at $0.00, subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project  1,230,000 Unquoted Options, expiring 29 November 2026, exercisable at $0.00, subject to satisfaction of vesting criteria

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Exercise of options

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
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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

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

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 4

01/01/2011