MAGONTEC LIMITED — Remuneration Information 2021

Aug 19, 2021

Suite 1.03, Level 1 46A Macleay St Potts Point NSW 2011 Australia Ph +61 2 8084 7813

20 August 2021

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney, NSW, 2000

Dear Sir/Madam,

GOVERNING DOCUMENT FOR THE SHORT AND LONG-TERM INCENTIVE REMUNERATION PLAN FOR THE MAGONTEC GLOBAL MANAGEMENT GROUP

In terms of the share consolidation Resolution passed by shareholders at the Company’s Extraordinary General Meeting on 6 August 2021, varied share price targets for conversion of Performance Rights have been calculated.

The share price conversion targets applying pre-share consolidation have been increased 15 times post consolidation. Any small difference between the share price targets pre consolidation multiplied by 15, and the post consolidation share price targets, results from appropriate rounding.

The variations to those triggers now appear at headings 1, 2 and 3 in the Attachment to the Governing Document the subject of this announcement. That amended Governing Document is now released to the ASX. The document is also available on the Company’s website (“Investor Centre” tab, then “Corporate Governance” tab, then “Corporate Governance Documents”).

No other changes have been made to the Governing Document.

Yours sincerely

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Mr John Talbot Company Secretary Magontec Limited

Contact details: +61 (0) 405 317 594

John Talbot, Company Secretary of Magontec Limited has authorised the release of this document to the market on 20 August 2021