NORWOOD SYSTEMS LIMITED — Director's Dealing 2020

Jul 19, 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	25 February 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 relevantinterest.	1. OstergaardFamilyTrust(Trustee&Beneficiary)2. OceanBroadbandLtd(DirectorandShareholder)3. NetwealthInvestmentsLimited<WrapServices a/c> (Chill Cast Super Fund a/c)(beneficiary)
Date of change	13 July 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 Trust1. 13,270,047 ordinary Shares2. 950,000unlistedoptions,($1.98,27 November 20203. 950,000unlistedoptions,($2.97,27 November 2020)4250000unlistedoptions($023	Ostergaard Family Trust1. 13,270,047 ordinary Shares2. 950,000unlistedoptions,($1.98,27 November 20203. 950,000unlistedoptions,($2.97,27 November 2020)4250000unlistedoptions($023	Ostergaard Family Trust1. 13,270,047 ordinary Shares2. 950,000unlistedoptions,($1.98,27 November 20203. 950,000unlistedoptions,($2.97,27 November 2020)4250000unlistedoptions($023	Ostergaard Family Trust1. 13,270,047 ordinary Shares2. 950,000unlistedoptions,($1.98,27 November 20203. 950,000unlistedoptions,($2.97,27 November 2020)4250000unlistedoptions($023
		. , .,15 December 2020)
		5. 250,000unlistedoptions($0.28,15 December 2020)Ocean Broadband Ltd1. 2,647,480 ordinary shares
		1	Netwealth Investments Lia/c> (Chill Cast Super Fun. 4, 254,822 ordinary sha	mited <Wrap Servicesd a/c)res
	Class	O	rdinary Shares
	Number acquired	NstoS	/A (off-market transferhares from OstergaNetwealth Investmenervices a/c>(Chill Cast Sup	of 203,125 ordinaryard Family Trustts Limited <Wraper Fund a/c)
	Number disposed	NstoS	/A (off-market transferhares from OstergaNetwealth Investmenervices a/c>(Chill Cast Sup	of 203,125 ordinaryard Family Trustts Limited <Wraper Fund a/c)
	Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$ fr	0.032 per share (nilom Family Trust to Super	effect as transferFund a/c)
	No. of securities held after change	O12345	stergaard Family Trust. 13,066,922 ordinary Sh. 950,000unlisted27 November 2020. 950,000unlisted27 November 2020). 250,000unlisted15 December 2020)	aresoptions,($1.98,options,($2.97,options($0.23,
			. 250,000unlisted15 December 2020)	options($0.28,
		Ocean Broadband Ltd
1 1		1 1	. 2,647,480 ordinary shaNetwealth Investments Lia/c> (Chill Cast Super Fun. 4,457,947 ordinary sha	resmited <Wrap Servicesd a/c)res

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Nature of change Off-market transfer of shares from Family Trust Example: on-market trade, off-market trade, exercise of options, to Super Fund a/c issue of 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

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow the tradeto 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.

01/01/2011 Appendix 3Y Page 3