NICKEL INDUSTRIES LIMITED — Director's Dealing 2021

Dec 21, 2021

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Level 2, 66 Hunter Street Sydney NSW 2000 Australia

T: +61 2 9300 3311 F: +61 2 9221 6333 E: info@nickelmines.com.au

22 December 2021

The Manager Companies ASX Limited 20 Bridge Street SYDNEY NSW 2000

(3 pages by email)

Dear Madam,

DIRECTORS’ INTERESTS

In accordance with Listing Rule 3.19A, I attach an Appendix 3Y, Change of Director's Interest Notice, for Mr Weifeng Huang.

Yours sincerely

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Richard Edwards Company Secretary

pjn11078

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	Nickel Mines Limited
ABN	44 127 510 589

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 Weifeng Huang

Date of last notice 2 July 2021

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 therelevant interest.	N/A
Date of change	17 to 21 December 2021
No. of securities held prior to change	1,930,000 fully paid ordinary shares
Class	Fully paid ordinary shares.
Number acquired	675,000 fully paid ordinary shares
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation.	$894,522
No. of securities held after change	2,605,000 fully paid ordinary shares
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back.	On market purchase

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	Nil.
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 which	N/A.
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.

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011