LYNAS RARE EARTHS LIMITED — Director's Dealing 2021

Feb 8, 2021

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9 February 2021

CHANGES IN LYNAS DIRECTOR SHARE INTERESTS

Lynas Rare Earths Limited (ASX:LYC, OTC:LYSDY) (“Lynas”) attaches Appendix 3Y (Change of Director Interest Notices) for two members of the Lynas Board. These Notices relate to an on-market purchase of shares by Dr Vanessa Guthrie, Non-Executive Director, as well as an on-market sale of shares by Amanda Lacaze, CEO, to satisfy tax liabilities.

If you have any queries in relation to this announcement, please contact Jennifer Parker or Lauren Stutchbury, our communications consultants at Cannings Strategic Communications on +61 2 8284 9990.

Authorised By: Andrew Arnold Company Secretary

Lynas Rare Earths Ltd

Level 1, 45 Royal Street, East Perth, Western Australia, 6004. Tel: +61 8 6241 3800 Fax: +61 8 9225 6842 www.lynascorp.com ACN 009 066 648

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 Corporation 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.

Name of Director	Vanessa Ann GUTHRIE
Date of last notice	2 October 2020

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 relevant interest.	Ordinary shares held by the Stolz Guthrie Superannuation Fund
Date of change	2 February 2021
No. of securities held prior to change	None
Class	Ordinary Shares
Number acquired	6,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$4.904 per 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 – 6,000 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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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
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Part 3 –[+] Closed period

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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? N/A
If prior written clearance was provided, on what date was
this provided? N/A
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• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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 Corporation 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.

Name of Director	Amanda LACAZE
Date of last notice	27 November 2020

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 relevant interest.	Ordinary Shares held by the Morgan Lacaze Family Trust
Date of change	3 February 2021
No. of securities held prior to change	Direct: 75,365 Ordinary Shares Indirect: 3,367,595 Ordinary Shares 2,513,454Employee Performance Rights
Class	Ordinary Shares
Number acquired	Nil
Number disposed	Indirect: 700,000 Shares
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	A$5.0459 per 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 Direct: 75,365 Ordinary Shares Indirect: 2,667,595 Ordinary Shares 2,513,454 Employee Performance Rights Nature of change On market trade to satisfy taxation liabilities 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