Opthea Ltd — Director's Dealing 2018

Nov 29, 2018

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: Opthea Limited ABN 32 006 340 567

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	Megan Baldwin
Date of last notice	9 May 2017

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.

Note: In the case of a compbe disclosed in this part.	Note: In the case of a compbe disclosed in this part.	any, int	erests which come withi	erests which come withi	n p	aragraph (i) of the defi	aragraph (i) of the defi	aragraph (i) of the defi	nition of	“notifiable interest	of a direct	or” should	or” should	or” should	or” should
Direct or indirect i
	Direct or indirect i	teres	t					Direc	t
	Nature of indirect i(including register	nteresed hol	tde	r)				N/A
	Note: Provide details ofinterest.	the circ	um	stances giving rise t	o th	e	relevant
	Date of change							29 No	vemb	er 2018
	No. of securities h	eld pri	or	to change				1,643,	223 or	dinary shar	es fully	p	aid.
								11500	listed	options ex	ercise		rice $0.27
								,expir	y 25 N	,ovember 20	18.	,
								4,o00	,000	unquoted o	ptions	to acquire
								fullyi	paidf	ordinary sh8 ii	ares at	aM		n exerciseh
								prcegrant	o $0.ed un	4, exprnder the LTIP	on 7.			arc 2021,

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Class	Ordinary shares, fully paid.Unquoted options to acquire fully paidordinary shares.
Number acquired	11,500 ordinary shares fully paid
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$0.27 per share
No. of securities held after change	1,654,723 ordinary shares fully paid.4,o00,000 unquoted options to acquirefully paid ordinary shares at an exerciseprice of $0.48, expiring on 7 March 2021,granted under the LTIP.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back	Issue of ordinary shares pursuant to theexercise of listed options at $0.27 per share.

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	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/Consideration	N/A
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above	N/A
traded during a+closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade to	N/A
proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3