MAGONTEC LIMITED — Director's Dealing 2020

Aug 13, 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 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	30 July 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.

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----- Start of picture text ----- Direct or indirect interest Change of direct InterestNature of indirect interest Balance of Performance Rights entitlement in(including registered holder) relation to 2020-2022, 3-year Performance PeriodNote: Provide details of the circumstances giving rise to the relevant due to Mr Andrews in terms of Resolution 6 ofinterest. 2020 AGMDate of change 14 August 202022,409,414 Listed ordinary fully paid shares ofwhich 16,947,862 are held indirectly and 5,461,552 are held directlyNo. of securities held prior to change12,272,727 unlisted Performance Rights helddirectlyClassUnlisted Performance Rights1,227,273 unlisted Performance RightsNumber acquiredNumber disposed NAValue/ConsiderationNote: If consideration is non-cash, provide details and estimated Nilvaluation----- End of picture text -----

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

22,409,414 Listed ordinary fully paid shares of which  16,947,862 are held indirectly and No. of securities held after change  5,461,552 are held directly 13,500,000 unlisted Performance Rights Balance of Performance Rights entitlement in Nature of change relation to 2020-2022, 3-year Performance Period. Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyThe issue was approved by shareholder in terms back of Resolution 6of the Company’s Annual General meeting held on 29 July 2020.

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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----- Start of picture text ----- 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 changeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired -Interest disposed -Value/Consideration -Note: If consideration is non-cash, provide detailsand an estimated valuationInterest after change ------ End of picture text -----

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?

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 14 August 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011