NEOMETALS LTD — Director's Dealing 2018

Jan 8, 2018

9 January 2018

Company Announcements Office

ASX Limited

Via Electronic Lodgement

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Dear Sirs

Cancellation of Performance Rights

Following re‐ testing at 31 December 2017 under the Company’s Performance Rights Plan the Company has today cancelled 560,719 Performance Rights.

A total of 3,363,638 Performance Rights were issued 9 October 2015 and 20 January 2016 to eligible executives and employees. Vesting of these Performance Rights was subject to the satisfaction of certain performance conditions, based on the Company’s total shareholder return performance and percentile ranking relative to comparator companies. Following testing at 30 June 2017 a total of 2,802,919 Performance Rights vested and ordinary shares were issued on 9 August 2017. The balance of the Performance Rights were re‐tested at 31 December 2017. The Performance Rights did not meet the vesting conditions.

Please see attached an Appendix 3Y in respect of the cancellation of performance rights relating to Mr Christopher Reed.

Yours faithfully

Jason Carone

COMPANY SECRETARY

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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	Neometals Ltd
ABN	89 099 116 631

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	Christopher John Reed
Date of last notice	11 December 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	Direct
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	n/a
Date of change	9 January 2018

• 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 A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Sonia Jean Reed F. Western Mining Corporation Pty Limited	1,455,407 Ordinary Fully Paid 265,902 2017 Performance Rights 763,901 Ordinary Fully Paid 1,900,000 Ordinary Fully Paid 621,261 2018 Performance Rights 952,474 2020 Performance Rights 500,000 Ordinary Fully Paid 500,000 Ordinary Fully Paid 6,758,862 Ordinary Fully Paid
Class	2017 Performance Rights.
Number acquired	‐
Number disposed	265,902
Value/Consideration Note: If consideration is non‐cash, provide details and estimated valuation	Nil,performance rights cancelled.
No. of securities held after change A. Christopher John Reed B. Reekal Pty Ltd C. Nickel Investments Pty Ltd D. Louron Exploration Pty Ltd E. Sonia Jean Reed F. Western Mining Corporation Pty Limited	1,455,407 Ordinary Fully Paid 763,901 Ordinary Fully Paid 1,900,000 Ordinary Fully Paid 621,261 2018 Performance Rights 952,474 2020 Performance Rights 500,000 Ordinary Fully Paid 500,000 Ordinary Fully Paid 6,758,862 Ordinary Fully Paid

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Performance rights cancelled following Example: on‐market trade, off‐market trade, exercise of options, issue of failure to vest. 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 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

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	N/A
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3