NICKEL INDUSTRIES LIMITED — Director's Dealing 2021

Apr 28, 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

29 April 2021

The Manager Companies ASX Limited 20 Bridge Street SYDNEY NSW 2000

(3 pages by email)

Dear Madam,

CHANGE OF DIRECTOR’S INTEREST NOTICE

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

Yours sincerely

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Richard Edwards Company Secretary pjn10786

www.nickelmines.com.au

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 Mark Lochtenberg

Date of last notice 27 April 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	Indirect.
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Rigi Investments Pty Ltd, a company in which Mark Lochtenberg has an interest and CS Third Nominees Pty Limited Ltd 13 A/C>, a nominee company holding a beneficial interest for Mark Lochtenberg.
Date of change	28 April 2021
No. of securities held prior to change	36,538,584 fully paid ordinary shares
Class	Fully paid ordinary shares.
Number acquired	1,000,000 fully paid ordinary shares
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation.	$1,077,750
No. of securities held after change	37,538,584 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.	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 (if issued securities)	N/A.
Date of change	N/A.
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.	N/A.
Interest acquired	N/A.
Interest disposed	N/A.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation.	N/A.
Interest after change	N/A.

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?	N/A.
If prior written clearance was provided, on what date was thisprovided?	N/A.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011