NORWOOD SYSTEMS LIMITED — Director's Dealing 2020

Dec 2, 2020

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 Norwood Systems Limited

ABN 15 062 959 540

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 Paul Ostergaard
Date of last notice	12 October 2020

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.	1. Ostergaard Family Trust (Trustee & Beneficiary) 2. Ocean Broadband Ltd (Director and Shareholder) 3. Netwealth Investments Limited Services a/c> (Chill Cast Super Fund a/c) (beneficiary)
Date of change	27 November 2020

• 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	Ostergaard Family Trust 1. 12,778,460 ordinary Shares 2. 950,000 unlisted options, ($1.98, 27 November 2020 3. 950,000 unlisted options, ($2.97, 27 November 2020) 4. 250,000 unlisted options ($0.23, 15 December 2020) 5. 250,000 unlisted options ($0.28, 15 December 2020) Ocean Broadband Ltd 1. 2,647,480 ordinary shares Netwealth Investments Limited a/c> (Chill Cast Super Fund a/c) 1. 4,746,409 ordinary shares
Class	1. unlisted options, ($1.98, 27 November 2020 2. unlisted options, ($2.97, 27 November 2020)
Number acquired	Nil
Number disposed	1. 950,000 2. 950,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Ostergaard Family Trust 1. 12,778,460 ordinary Shares 2. 250,000 unlisted options ($0.23, 15 December 2020) 3. 250,000 unlisted options ($0.28, 15 December 2020) Ocean Broadband Ltd 1. 2,647,480 ordinary shares Netwealth Investments Limited a/c> (Chill Cast Super Fund a/c) 1. 4,746,409 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	Expiry of unlisted options

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?	n/a
If prior written clearance was provided, on what date was this provided?	n/a

• See chapter 19 for defined terms.

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