OBJECTIVE CORPORATION LIMITED — Director's Dealing 2022

Dec 14, 2022

Objective

Objective Corporation Limited

Level 30
177 Pacific Highway
North Sydney NSW 2060
Australia
Phone: +61 2 9955 2288
www.objective.com

15 December 2022

ASX Listings Compliance
20 Bridge Street
Sydney, NSW 2000

Appendix 3Y – Change in Director’s Interest Notice Query

Dear Alan,

We refer to your email dated 14 December 2022 and the request for information contained therein. Please see our responses below.

1. Please explain why the Appendix 3Y was lodged late.

Response: The issue of securities was approved by shareholder at the 2022 AGM held on 25th November 2022. A Notification regarding Unquoted Securities showing Mr Bool as the holder was lodged with the ASX on 5th December 2022. Due to administrative changes in relation to the management of OCL share registry, the Appendix 3Y was not lodged within 5 business days after the change occurred.

1. What arrangements does OCL have in place under Listing Rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under Listing Rule 3.19A?

Response: Directors are required to notify the Company Secretary and CEO of any changes in their relevant interest in Objective securities. This process is outlined in the “Trading in the Shares of Objective Policy” which is provided to Directors. The Company Secretary also monitors the share registry information to identify any changes and periodically requests directors to confirm the information held by the Company is correct.

1. If the current arrangements are inadequate or not being enforced, what additional steps does OCL intend to take to ensure compliance with Listing Rule 3.19B?

Response: We believe the current arrangements to be sufficient and are being enforced.

Yours faithfully

Ben Tregoning
CFO/Company Secretary
On behalf of Objective Corporation Limited

GREAT GOVERNANCE
BETTER BUSINESS

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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 Objective Corporation Limited
ABN	16 050 539 350

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	Stephen Bool
Date of last notice	09 February 2022

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 the relevant interest.
Date of change	28 November 2022
No. of securities held prior to change	125,000 Ordinary Shares
Class	Rights to acquire Ordinary Shares for nil consideration and subject to restrictions on exercise dates
Number acquired	10,000 Rights
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	Nil
No. of securities held after change	Ordinary Shares – 125,000
Rights – 10,000

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

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Appendix 3Y

Change of Director's Interest Notice

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Rights Issued pursuant to Employee Equity Plan and approved by Shareholders at Annual General Meeting on 25 November 2022

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	Not Applicable
Nature of interest	Not Applicable
Name of registered holder (if issued securities)	Not Applicable
Date of change	Not Applicable
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	Not Applicable
Interest acquired	Not Applicable
Interest disposed	Not Applicable
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not Applicable
Interest after change	Not Applicable

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?	Not Applicable
If prior written clearance was provided, on what date was this provided?	Not Applicable

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011