MORPHIC ETHICAL EQUITIES FUND LIMITED — Director's Dealing 2018

Dec 11, 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	27 August 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(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Indirect interests are through Morphic AssetManagement Pty Ltd (MAM). Mr Lowensteinis a director and shareholder of MAM.
Date of change	30 November 2018
No. of securities held prior to change	Direct:504,600 Ordinary Shares700,000 OptionsIndirect:7,103 Ordinary shares80,000 Options
Class	Shares and Options
Number acquired	Nil
Number disposed	Direct:700,000 OptionsIndirect:80,000 Options

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	Direct:
Note: If consideration is non-cash, provide details and estimated	$ Nil
valuation
	Indirect:
	$ Nil
No. of securities held after change	Direct:
	504,600 Ordinary Shares
	Nil Options
	Indirect:
	7,103 Ordinary shares
	Nil Options
Nature of change	Lapsing of options
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	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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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