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	Greg Boulton
Date of last notice	11 April 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	Direct or indirect interest	Indirect interest	Indirect interest
		Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Greg Boulton Family Superannuation FundA/C (an entity controlled by Greg Boulton)is the registered holder of the Fully paidordinary shares and G Boulton Pty Ltd isthe registered holder of the PerformanceRights
		Date of change		10 December 2019
		No. of securities held prior to change		428,056 Fully paid ordinary shares
		Class		Performance Rights
		Number acquired		8,000,000
		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 theAGMon 26 November 2019.
		No. of securities held after change		428,056 Fully paid ordinary shares8,000,000 Performance Rights
	+ See chapter 19 for de01/01/2011				Appendix 3Y Page 1
			fined terms.

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

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

Issue of securities pursuant to the Employee Incentive Plan approved by 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.

Detail of contract	n/a
Nature of interest	n/a
Name of registered holder(if issued securities)	n/a
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 detailsand an 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