ORORA LIMITED — Director's Dealing 2022

Nov 15, 2022

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	2 September 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 interestNature of indirect interest(including registered holder)Note: Provide details of thecircumstances giving rise to therelevant interest.Date of changeNo. of securities held prior tochangeClassNumber acquired	1. Direct2. Indirect
	Brian Lowe and Kirsty Lowe as trustees and beneficiaries under theLowe Family Trust <The Lowe Family Trust A/C>
	1. 10 November 2022
	1a. 158,276 Shares1b. 740,101 Rights1c. 199,512 Options2. 541,656 Shares
	1a. Fully paid ordinary shares1b. Rights1c. Options2. Fully paid ordinary shares
	1b. 361,413 Rights

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	361,413 Performance Rights acquired at nil following approval byShareholders at Orora’s 2022 AGM
No. Of securities heldafter change	1a. 158,276 Shares1b. 1,101,514 Rights1c. 199,512 Options2. 541,656 Shares
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securitiesunder dividend reinvestmentplan, participation in buy-back	Mr Lowe, as Orora’s Managing Director and Chief Executive Officer,was allocated 361,413 Performance Rights under the Long TermIncentive Plan following approval by shareholders at Orora Limited’s2022 Annual General Meeting.

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

See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Were the interests in the securities orcontracts detailed above traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearanceprovided to allow the trade to proceedduring this period?	N/A
If prior written clearance was provided,on what date was this provided?	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3