MURRAY COD AUSTRALIA LIMITED — Director's Dealing 2021

Jan 5, 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 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	Mr Mathew Ryan
Date of last notice	11 March 2019

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 relevant interest.	Mrs Bonnie Louise Ryan (spouse of Mr Ryan) M & B Ryan Pty Ltd (Trustee and beneficiary)
Date of change	4 January 2021
No. of securities held prior to change	Direct holding - 10,000,000 fully paid ordinary shares M & B Ryan Pty Ltd - 78,571,429 Fully Paid Ordinary Shares - 40,000,000 Unlisted Options with an exercise price of $0.075, expiring on 16 January 2022 Mrs Bonnie Louise Ryan 37,332 fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(a) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 (b) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 (c) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 (d) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024
Number acquired	(a) 1,250,000 (b) 1,250,000 (c) 1,250,000 (d) 1,250,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration. Issued as incentive for long term performance. Valuation of $425,000 as set out in notice of meeting dated 19 November 2020.
No. of securities held after change	Direct holding - 10,000,000 fully paid ordinary shares M & B Ryan Pty Ltd - 78,571,429 Fully Paid Ordinary Shares - 40,000,000 Unlisted Options with an exercise price of $0.075, expiring on 16 January 2022 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024 Mrs Bonnie Louise Ryan - 37,332 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of incentive options as approved by shareholders on 18 December 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.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	24 May 2019

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 relevant interest.	Anderson’s Investment Service P/L ATF ClearPoint Capital Global Markets Fund (Trustee & Beneficiary) Kimbalex Pty Ltd ATF Kimbalex Trust (Trustee & Beneficiary) Citicorp Nominees Pty Ltd (beneficiary)
Date of change	4 January 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	Anderson’s Investment Service P/L ATF ClearPoint Capital Global Markets Fund - 12,596,774 fully paid ordinary shares Kimbalex Pty Ltd ATF Kimbalex Trust - 15,000,000 Unlisted Options with an exercise price of $0.075 and expiring 16 January 2022 - 15,000,000 Performance Rights converting 1:1 to fully paid ordinary Shares Citicorp Nominees Pty Ltd 944,582 fully paid ordinary shares
Class	(a) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 (b) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 (c) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 (d) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024
Number acquired	(a) 1,250,000 (b) 1,250,000 (c) 1,250,000 (d) 1,250,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration. Issued as incentive for long term performance. Valuation of $425,000 as set out in notice of meeting dated 19 November 2020.

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Anderson’s Investment Service P/L ATF ClearPoint Capital Global Markets Fund - 12,596,774 fully paid ordinary shares Kimbalex Pty Ltd ATF Kimbalex Trust - 15,000,000 Unlisted Options with an exercise price of $0.075 and expiring 16 January 2022 - 15,000,000 Performance Rights converting 1:1 to fully paid ordinary Shares - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 - 1,250,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024 Citicorp Nominees Pty Ltd - 944,582 fully paid ordinary shares

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Issue of incentive options as approved by shareholders on 18 December 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 Nature of interest Name of registered holder (if issued securities) Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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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
----- End of picture text -----

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a[+] closed period where prior written No clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011

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	Mr Martin Priestley
Date of last notice	11 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Grenfell FM Pty Ltd (Mr Priestley is a Director) Parsley Hay Pty Ltd (Mr Priestley is a Director)
Date of change	4 January 2021
No. of securities held prior to change	Grenfell FM Pty Ltd 4,000,000 fully paid ordinary shares Parsley Hay Pty Ltd 2,000,000 unlisted options each exercisable at $0.075 expiring 16 January 2022 2,000,000 unlisted options each exercisable at $0.125 expiring 10 December 2021

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(a) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 (b) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 (c) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 (d) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024
Number acquired	(a) 500,000 (b) 500,000 (c) 500,000 (d) 500,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration. Issued as incentive for long term performance. Valuation of $170,000 as set out in notice of meeting dated 19 November 2020.
No. of securities held after change	Grenfell FM Pty Ltd 4,000,000 fully paid ordinary shares Parsley Hay Pty Ltd - 2,000,000 unlisted options each exercisable at $0.075 expiring 16 January 2022 - 2,000,000 unlisted options each exercisable at $0.125 expiring 10 December 2021 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of incentive options as approved by shareholders on 18 December 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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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 detailed above traded during a[+] closed period where prior written No clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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	Mr Roger Commins
Date of last notice	11 March 2019

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 relevant interest.	Commins Partnership Pty Ltd (Director and shareholder) Brigalow Enterprises Pty Ltd (Trustee and beneficiary) Kaitlin Commins (Associate)
Date of change	4 January 2021
No. of securities held prior to change	Commins Partnership Pty Ltd - 544,300 Fully Paid Ordinary Shares Brigalow Enterprises Pty Ltd A/C> - 27,142,857 Fully Paid Ordinary Shares - 20,000,000 Unlisted Options with an exercise price of $0.075, expiring on 16 January 2022 Kaitlin Commins 4,000,000 fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	(a) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 (b) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 (c) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 (d) unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024
Number acquired	(a) 500,000 (b) 500,000 (c) 500,000 (d) 500,000
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil consideration. Issued as incentive for long term performance. Valuation of $170,000 as set out in notice of meeting dated 19 November 2020.
No. of securities held after change	Commins Partnership Pty Ltd - 544,300 Fully Paid Ordinary Shares Brigalow Enterprises Pty Ltd A/C> - 27,142,857 Fully Paid Ordinary Shares - 20,000,000 Unlisted Options with an exercise price of $0.075, expiring on 16 January 2022 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2021 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2022 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2023 - 500,000 unlisted options exercisable at $0.25 each, expiring on 3 January 2025, vesting on 1 July 2024 Kaitlin Commins - 4,000,000 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Issue of incentive options as approved by shareholders on 18 December 2020

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?
If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3