MINERAL RESOURCES LIMITED — Director's Dealing 2020

Sep 16, 2020

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 (MRL, MIN)
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	Chris Ellison
Date of last notice	27 August 2020

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	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving riseto the relevant interest.	Chris Ellison has an indirect holding in 22,053,681unrestricted and 112,104 restricted Mineral ResourcesLtd fully paid ordinary shares (Shares) through hisshareholdings in Sandini Pty Ltd and Wabelo Pty Ltd,and by being a beneficiary of the Ellison SuperannuationFund.These are as follows:Sandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund449,934Total 22,165,785
Date of change	16 September 2020

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1.DirectRights granted but unvested:56,052FY18 LTI plan Rights eligible to vest in August2021.142,577FY20 LTI plan Rights eligible to vest inAugust 2023.25,268FY20 STI plan Rights eligible to vest in:August 2021 12,634August 202212,634 25,2682.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund438,388Total 22,154,239	1.DirectRights granted but unvested:56,052FY18 LTI plan Rights eligible to vest in August2021.142,577FY20 LTI plan Rights eligible to vest inAugust 2023.25,268FY20 STI plan Rights eligible to vest in:August 2021 12,634August 202212,634 25,2682.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund438,388Total 22,154,239
Class	Fully paid ordinary shares (Shares)
Number acquired	11,546Shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$29.2358 each, based on the Volume WeightedAverage Price of Mineral Resources Ltd ordinaryshares for the five business days up to and including 3rdSeptember 2020.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	3.DirectRights granted but unvested:56,052FY18 LTI plan Rights eligible to vest in August2021.142,577FY20 LTI plan Rights eligible to vest inAugust 2023.25,268FY20 STI plan Rights eligible to vest in:August 2021 12,634August 202212,634 25,2684.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund449,934Total 22,165,785

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change

Example: on-market trade, off-market trade, exercise 11,546 Shares issued as part of the Company’s Dividend of options, issue of securities under dividend Reinvestment Plan at $29.2358 each, based on the reinvestment plan, participation in buy-back Volume Weighted Average Price of Mineral Resources Ltd ordinary shares for the five business days up to and including 3[rd] September 2020.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation towhich the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or Not traded during a closed period contracts detailed above traded during a + closed period where prior written clearance was required?

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

If so, was prior written clearance providedto allow the trade to proceed during thisperiod?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms.

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