LOTUS RESOURCES LIMITED — Director's Dealing 2023

Feb 12, 2023

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 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, 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	10 February 2023

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	• 2,875,000 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. • 550,800 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 July 2026, exercisable at $0.00, subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project • 930,233 Unquoted Options, expiring 31 October 2025, exercisable at $0.00, vesting 1 July 2023 subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project • 1,767,442 Unquoted Options, expiring 31 October 2027, exercisable at $0.00, vesting 1 July 2025 subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project
Class	6m Unquoted Options, zero exercise price expiring 10 February 2024 now vested 550,800 Unquoted Options, zero exercise price expiring 29 July 2024 now vested
Number acquired	N/A Notification of vesting of 6,550,800 options due to satisfaction of all applicable vesting conditions

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil, awarded under the Company’s Employee Share Option Plan as part of annual award of short and long term incentive options

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

• 2,875,000 Ordinary Shares (in BT Portfolio) • 1,125,000 Unquoted Options, exercisable at $0.04, expiring 13/03/23 (Mikenty) • 6,000,000 Unquoted Options, expiring 10 February 2024, exercisable at $0.00 (direct) • 550,800 Unquoted Options, expiring 29 July 2024, exercisable at $0.00 (direct) • 1,230,000 Unquoted Options, expiring 29 July 2026, exercisable at $0.00, subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project (direct) • 930,233 Unquoted Options, expiring 31 October 2025, exercisable at $0.00, vesting 1 July 2023 subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project (direct) • 1,767,442 Unquoted Options, expiring 31 October 2027, exercisable at $0.00, vesting 1 July 2025 subject to satisfaction of vesting criteria related to the Kayelekera Uranium Project (direct)

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

Vesting as set out above

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.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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
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?	No
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.

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