MACRO METALS LIMITED — Director's Dealing 2019

Dec 12, 2019

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	KOGI IRON LIMITED
ABN	28 001 894 033

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	David Turvey
Date of last notice	3 July 2019

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.	Equant Resources Pty Ltd (an entitycontrolled by David Turvey)
Date of change	10 December 2019
No. of securities held prior to change	932,760 Listed option exercisable at $0.10on or before 31 December 2021.
Class	Performance Rights
Number acquired	10,000,000
Number disposed	-
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil. The Performance Rights are subject tovesting conditions outlined in the Notice ofAGM lodged with ASX on 28 October 2019and were approved by shareholders at theAGM on 26 November 2019.
No. of securities held after change	932,760 Listed option exercisable at $0.10on or before 31 December 2021.10,000,000 Performance Rights

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Issue of securities pursuant to the Example: on-market trade, off-market trade, exercise of options, issue Employee Incentive Plan approved by of securities under dividend reinvestment plan, participation in buyback shareholders on 26 November 2019

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.

Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Issue of securities pursuant to theEmployee Incentive Plan approved byshareholders on 26 November 2019	Issue of securities pursuant to theEmployee Incentive Plan approved byshareholders on 26 November 2019	Issue of securities pursuant to theEmployee Incentive Plan approved byshareholders on 26 November 2019
	Change of director’s interests in		contracts
	case of a company, interests which come within paragr		aph (ii) of the definition o		f “notifiable interest of a dire
	this part.
Detai	l of contract	n/a
Natur	e of interest	n/a
Name of registered holder(if issued securities)	of registered holder	n/a
	ued securities)
Date of change		n/a
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed		n/a
Interest acquired		n/a
Interest disposed		n/a
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation		n/a
Interest after change		n/a

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	n/a
If prior written clearance was provided, on what date wasthis provided?	n/a

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011