MAGONTEC LIMITED — Director's Dealing 2017

May 18, 2017

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 Magontec Limited ABN 51 010 441 666

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	Nicholas William Andrews
Date of last notice	9 January 2014

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	• Listed Ordinary shares; and • Unlisted Performance Rights
Date of change	19 May 2017
No. of securities held prior to change	18,993,502 Listed Ordinary fully paid shares of which • 15,409,401 are held indirectly and • 3,584,101 are held directly
Class	• Listed ordinary fully paid shares • Unlisted Performance Rights
Number acquired	• 1,877,451 Listed ordinary fully paid shares issued pursuant to Resolution 6 approved by shareholders at 2017 AGM; and • 17,920,607 Unlisted Performance Rights issued pursuant to Resolution 7 approved by shareholders at 2017 AGM.
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	• Listed ordinary fully paid shares – o Nil consideration o Value $69,446.91 • Unlisted Performance Rights o Nil consideration

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

20,870,953 Listed ordinary fully paid shares of which • 15,409,401 are held indirectly and No. of securities held after change • 5,461,552 are held directly 17,920,607 Unlisted Performance Rights held directly Nature of change Securities acquired as part of the Company’s long term Example: on-market trade, off-market trade, exercise of options, issue incentive plan and in terms of shareholder approvals at of securities under dividend reinvestment plan, participation in buythe 2017 AGM 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	-
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	-

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	-
If so, was prior written clearance provided to allow the trade to proceed during this period?	-
If prior written clearance was provided, on what date was this provided?	-

Date Lodged 19 May 2017

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011