MAGONTEC LIMITED — Director's Dealing 2022

Feb 10, 2022

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	19 January 2022

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(including registered holder) Indirect interest does not alterNote: Provide details of the circumstances giving rise to the relevantinterest.Date of change 11 February 20221,493,962 Listed ordinary fully paid shares of which 1,129,858 are held indirectly andNo. of securities held prior to change  364,104 are held directly1,737,037 Unlisted Performance Rights held directlyClassUnlisted Performance Rights3,704 Unlisted Performance Rights in terms ofResolution 5 of the Company’s 2021 AGM.Number acquiredNumber disposed NilValue/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

1,493,962 Listed ordinary fully paid shares of which  1,129,858 are held indirectly and No. of securities held after change  364,104 are held directly 1,740,741 Unlisted Performance Rights held directly The Unlisted Performance Rights issued have the capacity to partially or fully vest as ordinary shares upon Nature of change satisfaction of certain key performance indicators and Example: on-market trade, off-market trade, exercise of options, share price targets as at 31 December 2024. issue of securities under dividend reinvestment plan, participation in buy-back The issue of 3,704 Performance Rights increases the number of 770,370 Performance Rights originally issued on 19 January 2022 to adjust for an incorrect calculation.

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 11 February 2022

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011