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	Stephen 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.	Stephen Thomas Cornish ATF Stemma InvestmentTrust
Date of change	31 May 2023
No. of securities held prior to change	30,000 fully paid ordinary shares held by StephenCornish.42,570,000 fully paid ordinary shares held by StephenThomas Cornish ATF Stemma Investment Trust. MrCornish is the trustee and a beneficiary of the StemmaInvestment Trust.9,900,000 unlisted options with exercise prices rangingfrom $0.30 to $0.50 each and an expiry date of 30 June2024 held by Smartequity EIS Pty Ltd ACN 606 521233 ATF Stephen Thomas Cornish ATF StemmaInvestment Trust. Mr Cornish is the trustee and abeneficiary of the Stemma Investment Trust.7,253,137 fully paid ordinary shares held by PeterCornish ATF Cornish Family Trust. Mr Stephen Cornishis a beneficiary of the Cornish Family Trust.

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

ClassNumber acquiredNumber disposedValue/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluationNo. of securities held after changeNature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back

605,000 fully paid ordinary shares Gemma Cornish.Gemma Cornish is the wife of Mr Cornish.Fully paid ordinary shares24,096n/a$2,00030,000 fully paid ordinary shares held by StephenCornish.42,594,096 fully paid ordinary shares held by StephenThomas Cornish ATF Stemma Investment Trust. MrCornish is the trustee and a beneficiary of the StemmaInvestment Trust.9,900,000 unlisted options with exercise prices rangingfrom $0.30 to $0.50 each and an expiry date of 30 June2024 held by Smartequity EIS Pty Ltd ACN 606 521233 ATF Stephen Thomas Cornish ATF StemmaInvestment Trust. Mr Cornish is the trustee and abeneficiary of the Stemma Investment Trust.7,253,137 fully paid ordinary shares held by PeterCornish ATF Cornish Family Trust. Mr Stephen Cornishis a beneficiary of the Cornish Family Trust.605,000 fully paid ordinary shares Gemma Cornish.Gemma Cornish is the wife of Mr Cornish.Participation in Share Purchase Plan

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 contractNature of interest	Not applicable
Name of registered holder(if issued securities)
Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the n/a trade to proceed during this period? If prior written clearance was provided, on what date was n/a this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3