PLS GROUP LIMITED — Director's Dealing 2021

Jun 7, 2021

Appendix 3Y

Rule 3.19A.2

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 PILBARAMINERALSLIMITED
ABN	95 112 425 788

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	Nicholas LuigiCernotta
Date of last notice	8 March 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	MJBJ (WA)Pty Ltd
(including registered holder)
Note: Provide details of the circumstances giving rise tothe relevant interest.
Date of change	1 June2021
No. of securities held prior to change	256,184ordinary shares
	59,366share rights vesting and automatically exercisingin three remaining quarterlytranches on the followingdates –
	Tranche 2 –Vesting date 30 May 2021Tranche 3 –Vesting date 31 August2021Tranche4 –Vesting date 30 November 2021
	in each casesubject to a service-based vesting condition,and issued pursuant to the Company's shareholderapproved Award Plan and 2020 Non-Executive DirectorFee Sacrifice Scheme.
Class	Ordinary sharesand share rights
Number acquired	(b) 19,789 ordinary shares
Number disposed	(b) 19,789 sharerights

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	As detailed in the Company's Appendix 3G lodged on17 December 2020, Mr Cernottawas issued share rightsin lieu of 40% of his pre-tax Director's feesfor the 12month periodfrom 1 December 2020 to 30 November2021.Tranche 2, being the conversion of 19,789sharerights into 19,789ordinary shares,represented feesacrifice contributions for the three month periodfrom1May 2021to 31 May2021.
No. of securities held after change	275,973ordinary shares
	39,577share rights vesting and automatically exercisingin tworemaining quarterlytranches on the followingdates –Tranche 3 –Vesting date 31 August2021Tranche4 –Vesting date 30 November 2021
	in each casesubject to a service-based vesting condition,and issued pursuant to the Company's shareholderapproved Award Plan and 2020 Non-Executive DirectorFee Sacrifice Scheme.
Nature of changeExample: on-market trade, off-market trade, exercise ofoptions, issue of securities under dividend reinvestmentplan, participation in buy-back	Sharerights were granted to Non-Executive Directors on16 December 2020 pursuant to the Company's AwardPlan and the 2020Non-Executive Director Fee SacrificeScheme(Scheme), asapproved by Shareholders at theCompany's Annual General Meeting on 17 November2020.
	Details of the Scheme and issue of share rights to NonExecutive Directorswere disclosed in Appendix 3Gdated 17 December 2020.
	TheTranche 2issue of ordinary shares undertheSchemeto Mr Cernottarepresents the secondquarterlyvestingof 19,789share rights on 30 May2021. Theseshare rights automatically converted into an equalnumber of ordinary shareswhichwere issued on 1 June2021.
	As disclosed in section 4.3 ofthe Appendix 3G dated 17December 2021, shares issued under theScheme aresubject to a disposal Restriction Period equal to theearlier of 18 monthsfromthe date of issue and the dateMr Cernottaceases to be a director of the Company.Accordingly,the shares issued in Tranche 2have beenplaced in escrow until 1 December2022(or such earlierdate as required).

+ See chapter 19 for defined terms.

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
Name of registered holder
(if issued securities)
Date ofchange
No. andclassofsecurities to which
interest related prior tochange
Note: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an
estimated valuation
Interestafter change

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	No
above traded during a +closed periodwhere prior written
clearance was required?
If so,was priorwrittenclearance provided to allow thetrade	N/A
to proceed during this period?
If prior written clearance was provided, on what date was this	N/A
provided?

+ See chapter 19 for defined terms.