LYNAS RARE EARTHS LIMITED — Director's Dealing 2021

Sep 7, 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

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	Vanessa Ann GUTHRIE
Date of last notice	9 February 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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Ordinary shares held by the Stolz GuthrieSuperannuation Fund
Date of change	2 and 6 September 2021
No. of securities held prior to change	Indirect – 6,000 Ordinary Shares
Class	Ordinary Shares
Number acquired	4,000 Ordinary Shares
Number disposed	None
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	2,000 Ordinary Shares at A$6.810 per share2,000 OrdinaryShares at A$6.788per share

• 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 after change Indirect – 10,000 Ordinary Shares Nature of change On-market purchase of shares 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.

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----- Start of picture text ----- Detail of contract N/A.Nature of interestName of registered holder(if issued securities)Date of changeNo. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquiredInterest disposedValue/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuationInterest after change----- End of picture text -----

Part 3 –[+] Closed period

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----- Start of picture text ----- Were the interests in the securities or contracts detailedabove traded during a [+] closed period where prior writtenclearance was required? NoIf so, was prior written clearance provided to allow thetrade to proceed during this period? N/AIf prior written clearance was provided, on what date wasthis provided? N/A----- End of picture text -----

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011