NORWOOD SYSTEMS LIMITED — Director's Dealing 2023

Dec 17, 2023

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	27 November 2023

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.	Paul Frederick Ostergaard A/C>
Date of change	14 December 2023

• 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	1. Paul Frederick Ostergaard A/C> 27,423,793 Ordinary Fully paid Shares 7,742,379 NOROD Options exercisable at 8 cents expiring 31/12/2024 3,333,333 Options exercisable at 2.4 cents expiring 31/12/2023 5,000,000 Class A Performance Rights 5,000,000 Class B Performance Rights 10,000,000 Options exercisable at 2.4 cents expiring 18/11/2025 5,000,000 Options exercisable at 4 cents expiring 13/07/26 2. Ocean Broadband Ltd 2,912,228 ordinary shares 264,748 NOROD Options exercisable at 8 cents expiring 31/12/2024 3. Netwealth Investments Limited Services a/c> (Chill Cast Super Fund a/c) 8,184,000 ordinary shares 734,000 NOROD Options exercisable at 8 cents expiring 31/12/2024 4. Paul Ostergaard 1,177,000 ordinary shares 107,000 NOROD Options exercisable at 8 cents expiring31/12/2024
Class	Ordinary Fully Paid Shares
Number acquired	-
Number disposed	2,000,000
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$76,000

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

2. Paul Frederick Ostergaard A/C> 25,423,793 Ordinary Fully paid Shares 7,742,379 NOROD Options exercisable at 8 cents expiring 31/12/2024 3,333,333 Options exercisable at 2.4 cents expiring 31/12/2023 5,000,000 Class A Performance Rights 5,000,000 Class B Performance Rights 10,000,000 Options exercisable at 2.4 cents expiring 18/11/2025 5,000,000 Options exercisable at 4 cents expiring 13/07/26 2. Ocean Broadband Ltd 2,912,228 ordinary shares 264,748 NOROD Options exercisable at 8 cents expiring 31/12/2024 3. Netwealth Investments Limited Services a/c> (Chill Cast Super Fund a/c) 8,184,000 ordinary shares 734,000 NOROD Options exercisable at 8 cents expiring 31/12/2024 4. Paul Ostergaard 1,177,000 ordinary shares 107,000 NOROD Options exercisable at 8 cents expiring 31/12/2024

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

Off-market trade

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 -

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

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.

Appendix 3Y Page 4

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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 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	Dr John Tarrant
Date of last notice	19 July 2023

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.	Balmain Resources Pty Ltd (Sole Director and Sole Shareholder)
Date of change	14 December 2023

• 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	1. Balmain Resources Pty Ltd (Sole Director and Sole Shareholder) 85,377,577 Ordinary Fully Paid Shares 10,805,245 NOROD Options exercisable at 8 cents expiring 31/12/2024 22,299,113 Options exercisable at 2.4cents expiring 31/12/2023 2. Dr John Tarrant 2,686,567 Ordinary Fully Paid Shares 5,268,657 NOROD Options exercisable at 8 cents expiring 31/12/2024 5,000,000 Unquoted Options exercisable at 2.4 cents expiring 08/02/2025 2,500,000 Options exercisable at 4 cents expiring 13/07/26 3. Cadex Petroleum Pty Limited (Sole Director and Sole Shareholder) 3,108,309 Ordinary Fully Paid Shares 310,831 NOROD Options exercisable at 8 cents expiring 31/12/2024 4. Plough Lane Superannuation Pty Ltd (Sole Director and Sole Shareholder & Beneficiary) 3,795,000 Ordinary Fully Paid Shares 12,379,500 NOROD Options exercisable at 8 cents expiring 31/12/2024
Class	Ordinary Fully Paid Shares
Number acquired	2,000,000
Number disposed	-

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$76,000
No. of securities held after change	1. Balmain Resources Pty Ltd (Sole Director and Sole Shareholder) 87,377,577 Ordinary Fully Paid Shares 10,805,245 NOROD Options exercisable at 8 cents expiring 31/12/2024 22,299,113 Options exercisable at 2.4cents expiring 31/12/2023 2. Dr John Tarrant 2,686,567 Ordinary Fully Paid Shares 5,268,657 NOROD Options exercisable at 8 cents expiring 31/12/2024 5,000,000 Unquoted Options exercisable at 2.4 cents expiring 08/02/2025 2,500,000 Options exercisable at 4 cents expiring 13/07/26 3. Cadex Petroleum Pty Limited (Sole Director and Sole Shareholder) 3,108,309 Ordinary Fully Paid Shares 310,831 NOROD Options exercisable at 8 cents expiring 31/12/2024 4. Plough Lane Superannuation Pty Ltd (Sole Director and Sole Shareholder & Beneficiary) 3,795,000 Ordinary Fully Paid Shares 12,379,500 NOROD Options exercisable at 8 cents expiring 31/12/2024
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off-market trade

• See chapter 19 for defined terms.

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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	N/A
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

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?	-
If prior written clearance was provided, on what date was this provided?	-

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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