PENTANET LIMITED — Director's Dealing 2021

Jan 28, 2021

Appendix 3X Initial Director’s Interest Notice

Rule 3.19A.1

Appendix 3X

Initial 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 30/9/2001.

Name of entity: Pentanet Limited

ABN: 29 617 506 279

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Timothy Cornish
Date of appointment	20 February 2017

Part 1 - Director’s relevant interests in securities of which the director is the registered holder 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.

Number & class of securities

5,000 fully paid ordinary shares.

• See chapter 19 for defined terms.

Appendix 3X Page 1

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Appendix 3X Initial Director’s Interest Notice

Part 2 – Director’s relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Name of holder & nature of interest

Number & class of Securities

Note: Provide details of the circumstances giving rise to the relevant interest.

Timothy John Cornish ATF Timothy 3,595,000 fully paid ordinary shares. Cornish Family Trust. Mr Cornish is the trustee and a beneficiary of the Timothy 1,350,000 unlisted options with an exercise price of Cornish Family Trust. $0.13 each and an expiry date of 30 June 2021. TJ Cornish Nominees Pty Ltd ACN 623 1,200,000 fully paid ordinary shares. 089 850 ATF TJ Cornish Super Fund. Mr Cornish is a sole director and shareholder (100%) of TJ Cornish Nominees Pty Ltd and sole beneficiary of the TJ Cornish Super Fund.

Smartequity EIS Pty Ltd ACN 606 521 6,600,000 unlisted options with exercise prices ranging 233 ATF Timothy John Cornish ATF from $0.30 to $0.50 each and an expiry date of 30 June Timothy Cornish Family Trust. Mr 2024. Cornish is the trustee and a beneficiary of the Timothy Cornish Family Trust.

Peter Cornish ATF Cornish Family 7,253,137 fully paid ordinary shares. Trust. Mr Timothy Cornish is a beneficiary of the Cornish Family Trust.

Brianna Robertson, wife of Mr Cornish 20,000 fully paid ordinary shares. Emma Cornish, daughter of Mr Cornish. 16,000 fully paid ordinary shares. Sophie Cornish, daughter of Mr 16,000 fully paid ordinary shares. Cornish.

Bonnie Robertson, stepdaughter of Mr 16,000 fully paid ordinary shares. Cornish.

• See chapter 19 for defined terms.

Appendix 3X Page 2

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Appendix 3X Initial Director’s Interest Notice

Part 3 – 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)
No. and class of securities to whichinterest relates

• See chapter 19 for defined terms.

Appendix 3X Page 3

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Error! Unknown document property name.