PENTANET LIMITED — Director's Dealing 2023

May 31, 2023

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: Pentanet Limited

ABN: 29 617 506 279

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	Timothy Cornish
Date of last notice	1 July 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	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	TJ Cornish Nominees Pty Ltd ATF TJ Cornish Super Fund
Date of change	31 May 2023
No. of securities held prior to change	5,000 fully paid ordinary shares held by Timothy John Cornish.4,945,000 fully paid ordinary shares held by Timothy John Cornish ATFTimothy Cornish Family Trust. Mr Cornish is the trustee and abeneficiary of the Timothy Cornish Family Trust.1,200,000 fully paid ordinary shares held by TJ Cornish Nominees PtyLtd ACN 623 089 850 ATF TJ Cornish Super Fund. Mr Cornish is a soledirector and shareholder (100%) of TJ Cornish Nominees Pty Ltd andsole beneficiary of the TJ Cornish Super Fund.6,600,000 unlisted options with exercise prices ranging from $0.30 to$0.50 each and an expiry date of 30 June 2024 held by Smartequity EISPty Ltd ACN 606 521 233 ATF Timothy John Cornish ATF TimothyCornish Family Trust. Mr Cornish is the trustee and a beneficiary of theTimothy Cornish Family Trust.7,253,137 fully paid ordinary shares held by Peter Cornish ATF CornishFamily Trust. Mr Timothy Cornish is a beneficiary of the Cornish FamilyTrust.

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

	20,000 fully paid ordinary shares held by Brianna Robertson, wife of MrCornish16,000 fully paid ordinary shares held by Emma Cornish, daughter of MrCornish.16,000 fully paid ordinary shares held by Sophie Cornish, daughter of MrCornish.16,000 fully paid ordinary shares held by Bonnie Robertson,stepdaughter of Mr Cornish.
Class	Fully paid ordinary shares
Number acquired	60,240
Number disposed	n/a
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$5,000
No. of securities held after change	5,000 fully paid ordinary shares held by Timothy John Cornish.4,945,000 fully paid ordinary shares held by Timothy John Cornish ATFTimothy Cornish Family Trust. Mr Cornish is the trustee and abeneficiary of the Timothy Cornish Family Trust.1,260,240 fully paid ordinary shares held by TJ Cornish Nominees PtyLtd ACN 623 089 850 ATF TJ Cornish Super Fund. Mr Cornish is a soledirector and shareholder (100%) of TJ Cornish Nominees Pty Ltd andsole beneficiary of the TJ Cornish Super Fund.6,600,000 unlisted options with exercise prices ranging from $0.30 to$0.50 each and an expiry date of 30 June 2024 held by Smartequity EISPty Ltd ACN 606 521 233 ATF Timothy John Cornish ATF TimothyCornish Family Trust. Mr Cornish is the trustee and a beneficiary of theTimothy Cornish Family Trust.7,253,137 fully paid ordinary shares held by Peter Cornish ATF CornishFamily Trust. Mr Timothy Cornish is a beneficiary of the Cornish FamilyTrust.20,000 fully paid ordinary shares held by Brianna Robertson, wife of MrCornish16,000 fully paid ordinary shares held by Emma Cornish, daughter of MrCornish.16,000 fully paid ordinary shares held by Sophie Cornish, daughter of MrCornish.16,000 fully paid ordinary shares held by Bonnie Robertson,stepdaughter of Mr Cornish.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Participation in Share Purchase Plan Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buyback

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
Name of registered holder(if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	n/a
If prior written clearance was provided, on what date wasthis provided?	n/a

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3