MEGAPORT LIMITED — Director's Dealing 2022

Feb 28, 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 Megaport Limited ( Megaport )

ACN 607 301 959

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	Bevan Andrew Slattery
Date of last notice	17 December 2021

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
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Not applicable
Date of change	Not applicable
No. of securities held prior to change	11,070,940 fully paid ordinary shares in Megaport and 66,667 options over fully paid ordinary shares in Megaport
Class	Fully paid ordinary shares in Megaport
Number acquired	Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Not applicable
No. of securities held after change	11,070,940 fully paid ordinary shares in Megaport and 66,667 options over fully paid ordinary shares in Megaport

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change Not applicable Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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

On 18 February 2020, Mr Slattery entered into a structured option and loan facility (which included a collar) secured by 2,000,000 of Mr Slattery’s fully paid ordinary shares in Megaport (First Funding Arrangement). As announced to the market on 1 March 2021, Mr Slattery sold a total of 1,000,000 fully paid ordinary shares in Megaport to fund a partial repayment and extended the remaining loan balance under the First Funding Arrangement for a further period of approximately 12 months. On 22 February 2022, Mr Slattery extended the remaining loan balance under the First Funding Arrangement for a further period of approximately 12 months (expiring in March 2023). In so far as the pledged shares are concerned, the First Funding Arrangement has the effect of reducing Mr Slattery’s economic exposure to Megaport’s share price above and below the range covered by the collar. On 1 March 2021, Mr Slattery entered into a further structured option and loan facility, secured by a further 1,000,000 of Mr Slattery’s fully paid ordinary shares in Megaport (Second Funding Arrangement). On 22 February 2022, Mr Slattery extended the loan balance under the Second Funding Arrangement for a further period of approximately 12 months (expiring in or around February 2023). In so far as the pledged shares are concerned, the Second Funding Arrangement has the effect of reducing Mr Slattery’s economic exposure to Megaport’s share price above and below the range covered by the collar.

Nature of interest

Interest under the First Funding Arrangement, which is secured by 1,000,000 of Mr Slattery's fully paid ordinary shares in Megaport. Interest under the Second Funding Arrangement, which is secured by a further 1,000,000 of Mr Slattery's fully paid ordinary shares in Megaport.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	Not applicable
Date of change	22 February 2022
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	Nil
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3