MURRAY COD AUSTRALIA LIMITED — Director's Dealing 2019

May 23, 2019

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 Murray Cod Australia Ltd ABN 74 143 928 625

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	Ross Anderson
Date of last notice	2 February 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
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Anderson’s Investment Service P/L ATF ClearPointCapital Global Markets Fund(Trustee & Beneficiary)Kimbalex Pty Ltd ATF Kimbalex Trust(Trustee & Beneficiary)Citicorp Nominees Pty Ltd(beneficiary)
Date of change	20 May 2019

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Anderson’s Investment Service P/L ATF ClearPointCapital Global Markets Fund-12,500,000 fully paid ordinary sharesKimbalex Pty Ltd ATF Kimbalex Trust-15,000,000 Unlisted Options with an exerciseprice of $0.075 and expiring 16 January2022, vesting upon 100 tonnes of Murray codbeing produced and sold by the Companywithin 4 years from the date of quotation onthe ASX-15,000,000 Performance Rights converting1:1 to fully paid ordinary Shares uponperformance various milestonesCiticorp Nominees Pty Ltd-944,582 fully paid ordinary shares
Class	Fully paid ordinary shares
Number acquired	96,774
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$15,000
No. of securities held after change	Anderson’s Investment Service P/L ATF ClearPointCapital Global Markets Fund-12,596,774 fully paid ordinary sharesKimbalex Pty Ltd ATF Kimbalex Trust-15,000,000 Unlisted Options with an exerciseprice of $0.075 and expiring 16 January2022, vesting upon 100 tonnes of Murray codbeing produced and sold by the Companywithin 4 years from the date of quotation onthe ASX-15,000,000 Performance Rights converting1:1 to fully paid ordinary Shares uponperformance various milestonesCiticorp Nominees Pty Ltd-944,582 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

	Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back	Participation in share purchase plan

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

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 the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3