LYNAS RARE EARTHS LIMITED — Director's Dealing 2021

Sep 15, 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 Lynas Rare Earths Limited (“ LYC ”). ABN 27 009 066 648

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.

We (the entity) give ASX the followingthe director for the purposes of section	information under listing rule 3.19A.2 and as agent for205G of the Corporations Act.
Name of Director	Amanda LACAZE
Date of last notice	13 September 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	Indirect
Nature of indirect interest	Exercise of 55,695 Employee Performance
(including registered holder)	Rights, resulting in an acquisition of 55,695
Note: Provide details of the circumstances giving rise to the relevantinterest.	Ordinary Shares by the Morgan Lacaze FamilyTrust
Date of change	13 September 2021
No. of securities held prior to change	Direct:
	75,365 Ordinary Shares
	Indirect:
	3,315,085 Ordinary Shares
	1,339,044Employee Performance Rights
Class	Ordinary Shares and Employee Performance
	Rights
Number acquired	55,695 Ordinary Shares
Number disposed	55,695 Employee Performance Rights

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Exercise of Employee Performance Rights for
Note: If consideration is non-cash, provide details and estimated	no further consideration
valuation
No. of securities held after change	Direct:
	75,365 Ordinary Shares
	Indirect:
	3,370, 780 Ordinary Shares
	1,283,349 Employee Performance Rights
Nature of change	Exercise of Employee Performance Rights
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	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in
relation to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed N/A above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011