MACRO METALS LIMITED — Director's Dealing 2020

Dec 22, 2020

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	Peter Huljich
Date of last notice	13 December 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.	African Resource Consulting Pty Ltd (anentity controlled by Peter Huljich)
Date of change	16 December 2020
No. of securities held prior to change	1,399,140 Listed options exercise price$0.10, expiry 31 December 20218,000,000 Performance Rights
Class	a. UnlistedOptions(exercise$0.03,expires 15 December 2025)b. UnlistedOptions(exercise$0.05,expires 15 December 2025) – subjectto vesting conditionsc. UnlistedOptions(exercise$0.10,expires 15 December 2025) – subjectto vesting conditions
Number acquired	a. 3,000,000b. 3,000,000c. 6,000,000

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	8,000,000 Performance Rights cancelled
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil
No. of securities held after change	1,399,140 Listed options exercise price$0.10, expiry 31 December 20213,000,000UnlistedOptions(exercise$0.03, expires 15 December 2025)3,000,000UnlistedOptions(exercise$0.05, expires 15 December 2025) –subject to vesting conditions6,000,000UnlistedOptions(exercise$0.10, expires 15 December 2025) –subject to vesting conditions
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	UnlistedOptionsissuedtoretain,incentiviseandrewardDirectors.Approved by shareholders 15 December2020.

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
Name of registered holder(if issued securities)
Date of change
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
Interest acquired
Interest disposed

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

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?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3