MEMPHASYS LIMITED. — Director's Dealing 2023

Jan 11, 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

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----- Start of picture text ----- Name of entity Memphasys LimitedABN 33 120 047 556----- End of picture text -----

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	Alison Coutts
Date of last notice	29 September 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	(i)Alison Coutts Consulting Pty Ltd <Alison
(including registered holder)Note: Provide details of the circumstances giving rise to therelevant interest.	Coutts Super Fund> - The Director is a director ofAlison Coutts Consulting Pty Ltd and beneficiary of
	this Super Fund.
	(ii)Amelia Coutts – Daughter of Director
Date of change	30 December 2022
No. of securities held prior to change	Direct
	(a)78,764,905 ordinary shares
	(b)3,363,000 incentive options issued as follows:
	i. Tranche 2 - 1,770,000, ex price $0.088, ex
	date 31 August 2023
	ii. Tranche 3 – 1,593,000, ex price $0.094, ex
	date 31 August 2024
	Indirect
	(a)Super Fund – 5,805,690 ordinary shares
	(b)Amelia Coutts – 22,224 ordinary shares
Class	Ordinary Shares

Appendix 3Y Change of Director’s Interest Notice

Number acquired	392,500	392,500	(Alison Coutts Super Fund)
Number disposed	NIL
Value/Consideration	$0.0138
Note: If consideration is non-cash, provide details
and estimated valuation
No. of securities held after change	Direct
	(a)	78,764,905 ordinary shares
	(b)	3,363,000 incentive options issued as follows:
		i.	Tranche 2 - 1,770,000, ex price $0.088,
			ex date 31 August 2023
		ii.	Tranche 3 – 1,593,000, ex price $0.094,
			ex date 31 August 2024
	Indirect
	(a)		Super Fund – 6,198,190 ordinary shares
	(b)		Amelia Coutts – 22,224 ordinary shares
Nature of change	On market acquisition in open trading window
Example: on-market trade, off-market trade, exercise
of options, issue of securities under dividend
reinvestment plan, participation in buy-back

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	N/A
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 detailedabove traded during a+closed period where prior writtenclearance was required?	NO
If so, was prior written clearance provided to allow the tradeto proceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3