MAGONTEC LIMITED — Director's Dealing 2022

Jan 18, 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	18 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.

Direct or indirect interest	Change of Direct Interest
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect interest does not alter
Date of change	19 January 2022
No. of securities held prior to change	1,493,962 Listed ordinary fully paid shares of which•1,129,858 are held indirectly and•364,104 are held directly966,667 Unlisted Performance Rights held directly
Class	Unlisted Performance Rights
Number acquired	770.370 Unlisted Performance Rights in terms ofResolution 5 of the Company’s 2021 AGM.
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

• 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 1,737,037 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 upon issue of securities under dividend reinvestment plan, participation in satisfaction of certain key performance indicators and buy-back share price targets as at 31 December 2024.

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

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----- Start of picture text ----- Were the interests in the securities or contracts detailed -above traded during a [+] closed period where prior writtenclearance was required?-If so, was prior written clearance provided to allow the tradeto proceed during this period?-If prior written clearance was provided, on what date was thisprovided?----- End of picture text -----

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 19 January 2022

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011