PLAYSIDE STUDIOS LIMITED — Director's Dealing 2022

Aug 24, 2022

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25 August 2022

Mr Geraldi Mimery

Adviser, ASX Listings Compliance

Via Email: geraldi.mimery@asx.com.au

Dear Geraldi

Re: Playside Studios Limited (‘PLY’): Appendix 3Y Attached

This cover letter has been prepared to explain why the attached Appendix 3Y ‘Change of Director’s Interest Notice’ was not lodged in accordance Listing Rule (LR) 3.19A which requires any change to Directors interests to be disclosed within five business days of such change.

Q: Please explain why Appendix 3Y was lodged late?

The late lodgement was the result of an administrative oversight at the time of the Share Purchase Plan in December 2021.

Q: What arrangements does PlaySide have in place under LR 3.19B with its Directors to ensure it is able to meet its disclosure requirements under LR 3.19A?

The Company’s share trading policy, which requires Directors to provide all necessary information to the Company Secretary to enable the Compliance with LR 3.19A, will be reinforced with the Directors of the Company.

Q: If the current arrangements are inadequate or not being enforced, what additional steps does PLY intend to take to ensure compliance with LR 3.19B?

The Company’s share trading policy, which requires Directors to provide all necessary information to the Company Secretary to enable the Compliance with LR 3.19A, will be reinforced with the Directors of the Company. The Company will also consider whether there are any other controls or processes it can implement to ensure compliance with LR 3.19B.

Yours sincerely

PlaySide Studios Limited

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DARREN BRIGGS

CFO & Company Secretary

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 PlaySide Studios Limited ABN 73 154 789 554

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	Cristiano Nicolli
Date of last notice	17 December 2020

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	Nicolli Holdings Pty Ltd
(including registered holder)	(Mr Cristiano Nicolli controls Nicolli
Note: Provide details of the circumstances giving rise to the relevantinterest.	Holdings Pty Ltd and is a director of the
	entity)
Date of change	10 December 2021
No. of securities held prior to change	639,019
Class	Fully Paid Ordinary Shares
Number acquired	40,000
Number disposed	N/A
Value/Consideration	$0.75 per share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	679,019
Nature of change	40,000 Share were acquired as part of the
Example: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-	Share Purchase Plan
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	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
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	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/ConsiderationNote: If consideration is non-cash, provide details andan estimated valuation	N/A
Interest after change	N/A

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