MINERAL RESOURCES LIMITED — Director's Dealing 2017

Dec 3, 2017

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	Mineral Resources Limited
ABN	33 118 549 910

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 Date of last notice	Chris Ellison
	25 September 2017

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 Indirect

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	1. 2.	Fully paid ordinary shares  Sandini Pty Ltd 20,844,675  Wabelo Pty Ltd 55,750  Ellison Superannuation Fund365,243 Total 21,265,668 Share performance rights granted but unvested: a) FY16 Long Term Incentive Scheme: Share performance rights granted in June 2016 with future vesting over four annual instalments. The balance of 95,592 fully paid Mineral Resources shares vest over the next two years. For further details refer to the Company’s 2016 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 47,796 - 30 June 201947,796 95,592 b) FY17 Long Term Incentive Scheme: Share performance rights granted in June 2017 with future vesting subject to the Company achieving specific ROIC targets in future years. The granted share performance rights are at risk of forfeiture if performance targets are not met in future years. The balance of 269,860 fully paid Mineral Resources shares vest over the next three years. For further details refer to the Company’s 2017 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 89,953 - 30 June 2019 89,953 - 30 June 202089,954 269,860	Fully paid ordinary shares  Sandini Pty Ltd 20,844,675  Wabelo Pty Ltd 55,750  Ellison Superannuation Fund365,243 Total 21,265,668 Share performance rights granted but unvested: a) FY16 Long Term Incentive Scheme: Share performance rights granted in June 2016 with future vesting over four annual instalments. The balance of 95,592 fully paid Mineral Resources shares vest over the next two years. For further details refer to the Company’s 2016 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 47,796 - 30 June 201947,796 95,592 b) FY17 Long Term Incentive Scheme: Share performance rights granted in June 2017 with future vesting subject to the Company achieving specific ROIC targets in future years. The granted share performance rights are at risk of forfeiture if performance targets are not met in future years. The balance of 269,860 fully paid Mineral Resources shares vest over the next three years. For further details refer to the Company’s 2017 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 89,953 - 30 June 2019 89,953 - 30 June 202089,954 269,860	Fully paid ordinary shares  Sandini Pty Ltd 20,844,675  Wabelo Pty Ltd 55,750  Ellison Superannuation Fund365,243 Total 21,265,668 Share performance rights granted but unvested: a) FY16 Long Term Incentive Scheme: Share performance rights granted in June 2016 with future vesting over four annual instalments. The balance of 95,592 fully paid Mineral Resources shares vest over the next two years. For further details refer to the Company’s 2016 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 47,796 - 30 June 201947,796 95,592 b) FY17 Long Term Incentive Scheme: Share performance rights granted in June 2017 with future vesting subject to the Company achieving specific ROIC targets in future years. The granted share performance rights are at risk of forfeiture if performance targets are not met in future years. The balance of 269,860 fully paid Mineral Resources shares vest over the next three years. For further details refer to the Company’s 2017 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 89,953 - 30 June 2019 89,953 - 30 June 202089,954 269,860
Date of change	28-30 November 2017
No. of securities held prior to change	Fully paid ordinary shares: Sandini Pty Ltd Wabelo Pty Ltd Ellison Superannuation Fund Total			22,707,441 55,750 365,243 23,128,434
Class	Fully paid ordinary shares
Number acquired	Nil
Number disposed	1,862,766 fully paid ordinary shares

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$36,916,278.43	$36,916,278.43
No. of securities held after change	1. 2.	Fully paid ordinary shares  Sandini Pty Ltd 20,844,675  Wabelo Pty Ltd 55,750  Ellison Superannuation Fund365,243 Total21,265,668 Share performance rights granted but unvested: a) FY16 Long Term Incentive Scheme: Share performance rights granted in June 2016 with future vesting over four annual instalments. The balance of 95,592 fully paid Mineral Resources shares vest over the next two years. For further details refer to the Company’s 2016 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 47,796 - 30 June 201947,796 95,592 b) FY17 Long Term Incentive Scheme: Share performance rights granted in June 2017 with future vesting subject to the Company achieving specific ROIC targets in future years. The granted share performance rights are at risk of forfeiture if performance targets are not met in future years. The balance of 269,860 fully paid Mineral Resources shares vest over the next three years. For further details refer to the Company’s 2017 Remuneration Report. MIN share performance rights to vest in future - 30 June 2018 89,953 - 30 June 2019 89,953 - 30 June 202089,954 269,860
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On-market sale of fully paid ordinary shares.

Part 2 – Change of director’s interests in contracts

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

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? **	Written clearance provided on 27 November 2017 in accordance with the Company’s Share Trading Policy.

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011