LOTUS RESOURCES LIMITED — Director's Dealing 2023

Oct 12, 2023

13 October 2023

==> picture [468 x 64] intentionally omitted <==

ASX:LOT

Appendix 3Y Change of Director’s Interest Notice and Recent Lodgements

We refer to the Notice of Cessation of Securities and Appendix 3Y Change of Directors Interest Notice both lodged on 12 October2023 (“Documents”).

The Company advises that the purported reversal of an exercise of options as referred to in the Documents is ineffective and the Documents should be disregarded.

The original option exercise and resultant issue of 2,000,000 ordinary shares on 6 October will stand. That is, the Appendix 2A Application for Quotation of Securities, Cleansing Notice and Appendix 3Y for Ms Marshall lodged on that date all reflect the correct position.

The Company confirms that its issued capital comprises: 1,354,482,000 ordinary shares and 20,631,780 unlisted options of various classes (as set out in the Appendix 2A of 6 October 2023).

As a result, and to avoid any confusion with the Appendix 3Y lodged yesterday, the Company attaches the Appendix 3Y for Ms Marshall originally lodged on 6 October 2023 which contains the correct details.

The Company is aware of its Listing Rule obligations in relation to these disclosures and specifically Listing Rules 3.19A.2 and 3.19B and advises that:

1. The Company has informed all Directors of the disclosure requirements set out in Listing Rules 3.19A and 3.19B and section 250G of the Corporations Act; and

2. The Company has, and at all times seeks to enforce, the arrangements it has in place as referred to in Listing Rule 3.19B.

Authorised for release by the Board of Directors

Catherine Anderson Company Secretary

==> picture [367 x 52] intentionally omitted <==

Level 20 140 St Georges Terrace Perth 6000

Legal/84364657_1

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	Dixie Marshall	Dixie Marshall
Date of last notice1 April 2022
	Date of last notice	1 April 2022

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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	6 October 2023
No. of securities held prior to change	2,000,000 Options expiring 31/3/2025,exercisable at$0.00
Class	Ordinary Shares
Number acquired	2,000,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	2,000,000 ordinary shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Exercise of options 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.

Detail of contract

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

Were the interests in the securities or contracts detailed 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