MAGONTEC LIMITED — Director's Dealing 2023

Feb 23, 2023

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 DirectorDate of last notice	Nicholas William Andrews8 November 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 interestNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.Date of changeNo. of securities held prior to change	Change of DirectOrdinary shares held by Dewberri Pty Limited as trusteefor Andrews Superannuation Fund - Indirect interestdoes not alter31 December 20221,520,364 Listed ordinary fully paid shares of which•1,149,826 are held indirectly, and•370,538 are held directly.1,740,741 Unlisted Performance Rights held directly
Class	Unlisted Performance Rights
Number acquired	Zero
Number disposed	300,000 Performance rights lapsed on 31 December2021 in respect of the performance period 1 Jan 2020 to31 Dec 2022
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

	1,520,364 Listed ordinary fully paid shares of which
No. of securities held after change	•1,149,826 are held indirectly.•370,538 are held directly.
	1,440,741 Unlisted Performance Rights held directly
	Performance Rights had the capacity to partially or fully
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue of	vest as ordinary shares if the Company’s closing shareprice on 31 December 2022 was at or above $0.984.
securities under dividend reinvestment plan, participation in buy-back	That was not satisfied and therefore Performance
	Rights lapsed on 31 December 2022.

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

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?

Dean Taylor, Company Secretary of Magontec Limited has authorised the release of this document to the market 24 February 2023

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011