MATSA RESOURCES LIMITED — Director's Dealing 2022

Dec 14, 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 MATSA RESOURCES LIMITED

ABN 48 106 732 487

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	Frank Sibbel
Date of last notice	2 December 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	Direct and Indirect
Nature of indirect interest	Anne Margaret Sibbel (Spouse)
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	9 and 15 December 2022
No. of securities held prior to change	700,000 Fully Paid Ordinary Shares
	500,000 Unlisted Options exercisable at
	$0.09 each expiring 30 November
	2025
	52,575 Listed Options exercisable at $0.17
	each expiring30 April 2023
Class	Ordinary Shares
	Listed Options
Number acquired	1,200,000 Fully Paid Ordinary Shares
	52,575 Listed Options exercisable at $0.17
	each expiring 30 April 2023
Number disposed	700,000 Fully Paid Ordinary Shares
	52,575 Listed Options exercisable at $0.17
	each expiring 30 April 2023

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$19,300
No. of securities held after change	1,200,000 Fully Paid Ordinary Shares500,000 Unlisted Options exercisable at$0.09 each expiring 30 November202552,575 Listed Options exercisable at $0.17each expiring 30 April 2023
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	On market trade and transfer of indirectinterest to direct interest

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.

e disclosed in this part.
Detail of contract	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	N/A
If so, was prior written clearance provided to allow thetrade to proceed during this period?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011