MINERAL RESOURCES LIMITED — Director's Dealing 2021

Mar 11, 2021

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	16 September 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 or indirect interest	Direct and Indirect	Direct and Indirect	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 22,065,074unrestricted 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 Fund461,327Total 22,177,178
			and by being a beneficiary of the Ellison SuperannuatioFund.These are as follows:Sandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Elli Sti Fd461327
			Fund.
			These are as follows:
			Sandini Pty Ltd		21,547,997
			Sandini Pty Ltd (Rest	ricted Shares)	112,104
			Wabelo Pty LtdElli Sti	Fd	55,750 461327
			son uperannuaon unTotal
	Date of change		9/3/2021

• 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:June 2021 12,634June 202212,634 25,268102,950FY21 LTI plan Rights eligible to vest inAugust 2024.2.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund449,934Total 22,165,785	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:June 2021 12,634June 202212,634 25,268102,950FY21 LTI plan Rights eligible to vest inAugust 2024.2.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund449,934Total 22,165,785
Class	Fully Paid Ordinary Shares
Number acquired	11,393
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$39.4922 each, based on the Volume WeightedAverage Price of Mineral Resources Limited ordinaryshares for the five business days ending 25 February2021.

• 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:June 2021 12,634June 202212,634 25,268102,950FY21 LTI plan Rights eligible to vest inAugust 2024.4.IndirectSharesSandini Pty Ltd 21,547,997Sandini Pty Ltd (Restricted Shares) 112,104Wabelo Pty Ltd 55,750Ellison Superannuation Fund461,327Total 22,177,178

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Nature of change 11,393 Shares issued as part of the Company’s Dividend Example: on-market trade, off-market trade, exercise Reinvestment Plan at $39.4922 each, based on the of options, issue of securities under dividend Volume Weighted Average Price of Mineral Resources reinvestment plan, participation in buy-back Limited ordinary shares for the five business days ending 25 February 2021.

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which interest	N/A
related prior to change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
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.

Appendix 3Y Page 4

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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.

01/01/2011 Appendix 3Y Page 5