MAGONTEC LIMITED — Director's Dealing 2024

Feb 28, 2024

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	01 November 2023

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 relevant interest.	Ordinary shares held by: Nicholas Andrews
Date of change	29 February 2024
No. of securities held prior to change	Total: 1,567,582 Listed ordinary fully paid shares of which: • 1,185,536 are held indirectly; and • 382,046 are held directly. Total: 2,268,916 Unlisted Performance Rights held directly
Class	Ordinary shares
Number acquired	Listed ordinary shares held directly: • Issued: 200,000. Unlisted Performance Rights held directly: • Granted: 936,836
Number disposed	Unlisted Performance Rights held directly: • Cancelled: 466,667 • Exercised: 200,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nil

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation. MGL: Listed ordinary fully paid shares: Total: 1,767,582 • 1,185,536 are held indirectly; and No. of securities held after change • 582,046 are held directly. MGLAA: Unlisted Performance Rights: Total: 2,539,085 held directly. The Performance Rights are a part of Mr. Andrews variable remuneration. Nature of change Example: on-market trade, off-market trade, exercise of options, The number of Performance Rights awarded and issue of securities under dividend reinvestment plan, participation in exercised were in accordance with the Magontec 2020 buy-back Shareholder Approved Incentive Plan (amended 2023 AGM).

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	-

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

Dean Taylor, Company Secretary of Magontec Limited has authorised the release of this document to the market on 29 February 2024

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3