ORORA LIMITED — Director's Dealing 2021

Nov 14, 2021

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	ORORA LIMITED
ABN	55 004 275 165

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	BRIAN PHILLIP LOWE
Date of last notice	11 October 2021

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 thecircumstances giving rise to therelevant interest.	N/A
Date of change	9 November 2021
No. of securities held prior tochange	1. 541,656 Shares2. 911,241 Rights
	3. 244,500 Options
Class	1. Fully paid ordinary shares2. Rights3. Options
Number acquired	273,847 Rights
Number disposed
Value/ConsiderationNote: If consideration is non-cash,provide details and estimatedvaluation	273,847 Rights acquired at nil

• 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 after 1. 541,656 Shares change 2. 1,185,088 Rights 3. 244,500 Options Nature of change Mr Lowe, as Orora’s Managing Director and Chief Executive Officer, was Example: on-market trade, off-market allocated 273,847 Rights under the Long Term Incentive Plan following trade, exercise of options, issue of securities under dividend approval by shareholders at Orora Limited’s 2021 Annual General reinvestment plan, participation in Meeting. 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

Interest after changeart 3 – +Closed period
Were the interests in thesecurities or contracts detailedabove traded during a+closedperiod where prior writtenclearance was required?	No
If so, was prior written clearanceprovided to allow the trade toproceed during this period?	N/A
If prior written clearance wasprovided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011