MAGONTEC LIMITED — Director's Dealing 2020

Jul 29, 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	31 January 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 Indirect InterestNature of indirect interest(including registered holder) Shares held by a superannuation fund in whichNote: Provide details of the circumstances giving rise to the relevant the Director is a beneficiaryinterest.Date of change 30 July 202020,870,953 Listed ordinary fully paid shares ofwhich 15,409,401 are held indirectly andNo. of securities held prior to change  5,461,552 are held directly12,272,727 Unlisted Performance Rights helddirectlyClassListed ordinary fully paid shares1,538,461 listed ordinary fully paid sharesNumber acquiredNumber disposed NAValue/ConsiderationNote: If consideration is non-cash, provide details and estimated $0.013 per share at an aggregate consideration ofvaluation $19,999.99----- 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

No. of securities held after change	22,409,414 Listed ordinary fully paid shares ofwhich16,947,862 are held indirectly and5,461,552 are held directly
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Acquired as a result of participation in a privateplacement of fully paid ordinary shares by theCompany on 15 June 2020 to raise capitalaggregating $300,000.The issue was approved by shareholder in termsof Resolution 7 of the Company’s Annual Generalmeetingheld on 29 July2020.

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?

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 30 July 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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