MAGONTEC LIMITED — Director's Dealing 2021

Jan 20, 2021

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.

We (the entity) give ASX the following the director for the purposes of section	information under listing rule 3.19A.2 and as agent for 205G of the Corporations Act.
Name of Director	Nicholas William Andrews
Date of last notice	20 January 2021

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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Direct or indirect interest Change of Direct Interest
Nature of indirect interest
(including registered holder) Indirect interest does not alter
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change 21 January 2021
22,409,414 Listed ordinary fully paid shares of which
 16,947,862 are held indirectly and
No. of securities held prior to change  5,461,552 are held directly
9,000,000 Unlisted Performance Rights held directly
Class
Unlisted Performance Rights
10,000,000 Unlisted Performance Rights in terms of
Resolution 6 of the Company’s 2020 AGM held on 29
Number acquired
July 2020
Number disposed Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated Nil
valuation
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• 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 19,000,000 Unlisted Performance Rights held directly Nature of change The Unlisted Performance Rights issued have the Example: on-market trade, off-market trade, exercise of options, capacity to partially or fully vest as ordinary shares if the issue of securities under dividend reinvestment plan, participation in Company’s closing share price on 31 December 2023 is buy-back at or above $0.03.

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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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
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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?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 21 January 2021

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3