MORPHIC ETHICAL EQUITIES FUND LIMITED — Director's Dealing 2018

Dec 12, 2018

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:	Morphic Ethical Equities Fund Limited (MEC)
ABN:	52 617 345 123

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	Jack Theseus Lowenstein
Date of last notice	12 December 2018

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	Indirect interests are through Morphic Asset
(including registered holder)	Management Pty Ltd (MAM). Mr Lowenstein
Note: Provide details of the circumstances giving rise to the relevant	is a director and shareholder of MAM.
interest.
Date of change	12 December 2018
No. of securities held prior to change	Direct:
	504,600 Ordinary shares
	Indirect:
	7,103 Ordinary shares
Class	Shares
Number acquired	Direct:
	5,381 Ordinary shares
	Indirect:
	76 Ordinary shares
Number disposed	Nil
Value/Consideration	Direct: $5,046.00
Note: If consideration is non-cash, provide details and estimated
valuation	Indirect: $71.03

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change Direct: 509,981 Ordinary Shares Indirect: 7,179 Ordinary shares Nature of change Shares issued under Dividend Reinvestment Example: on-market trade, off-market trade, exercise of options, issue Plan 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.

==> picture [434 x 336] intentionally omitted <==

----- Start of picture text ----- Detail of contract N/ANature of interest N/AName of registered holder N/A(if issued securities)Date of change N/ANo. and class of securities to N/Awhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changedInterest acquired N/AInterest disposed N/AValue/Consideration N/ANote: If consideration is non-cash, provide details andan estimated valuationInterest after change N/A----- End of picture text -----

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 thetrade to proceed during this period?
If prior written clearance was provided, on what date wasthis provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3