POLARX LIMITED — Director's Dealing 2018

Dec 20, 2018

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	PolarX Limited
ABN	76 161 615 783

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	Charles Frazer Tabeart
Date of last notice	26 July 2017

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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances givingrise to the relevant interest.	Not applicable
Date of change	21 December 2018
No. of securities held prior to change	3,447,368 (Direct)655,905 (Indirect)
Class	Unlisted options to acquire fully paid ordinaryshares (Shares) at an exercise price of $0.125 andexpiry date of 20 December 2021 (December2020 Options)
Number acquired	5,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	3,447,368 Shares (Direct)5,000,000 December 2020 Options (Direct)655,905 Shares (Indirect)
Nature of change	Incentive
Example:	options
on-market	issued
trade,	pursuant
off-market	to
trade,	the
exercise of options, issue of securities under	Company's Share Option Plan and in accordance
dividend reinvestment plan, participation in buy	with the shareholder approval received on 16
back	November 2018

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	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.

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	PolarX Limited
ABN	76 161 615 783

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	Mark Bojanjac
Date of last notice	24 February 2015

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 givingrise to the relevant interest.	Kallara Holdings Pty Ltd ATF JS & DERBojanjac Family Super Fund(Mark Bojanjac holds a relevant interest)
Date of change	21 December 2018
No. of securities held prior to changeClass	Indirect:2,000,000 unlisted options to acquire fully paidordinary shares (Shares) at an exercise price of$0.0715 and expiry date of 19 February 2020(February 2020 Options)Unlisted options to acquire Shares at an exerciseprice of $0.125 and expiry date of 20 December2021 (December 2021 Options)
Number acquired	5,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	Indirect:2,000,000 February 2020 Options5,000,000 December 2021 Options
Nature of change	Incentive
Example:	options
on-market	issued
trade,	pursuant
off-market	to
trade,	the
exercise of options, issue of securities under	Company's Share Option Plan and in accordance
dividend reinvestment plan, participation in buy	with the shareholder approval received on 16
back	November 2018

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	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailed above	No
traded during a +closed period where prior written clearance
was required?
If so, was prior written clearance provided to allow the trade	Not applicable
to proceed during this period?
If prior written clearance was provided, on what date was this	Not applicable
provided?

+ See chapter 19 for defined terms.

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	PolarX Limited
ABN	76 161 615 783

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	Jason Berton
Date of last notice	14 December 2017

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	Orogen Investments Pty Ltd
rise to the relevant interest.	(Jason Berton holds a relevant interest in theentity)
Date of change	21 December 2018
No. of securities held prior to change	13,664,938 (Indirect)
Class	Unlisted options to acquire fully paid ordinaryshares (Shares) at an exercise price of $0.125 andexpiry date of 20 December 2021 (Options)
Number acquired	5,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	Nil
No. of securities held after change	13,664,938 Shares (Indirect)5,000,000 Options (Indirect)

+ See chapter 19 for defined terms.

Nature of change	Incentiveoptionsissuedpursuanttothe
Example:on-markettrade,off-markettrade,	Company's Share Option Plan and in accordance
exercise of options, issue of securities under	with the shareholder approval received on 16
dividend reinvestment plan, participation in buy	November 2018
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	Not applicable
Nature of interest	Not applicable
Name of registered holder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities to whichinterest related prior to changeNote: Details are only required for acontract in relation to which the interesthas changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash,providedetailsandanestimatedvaluation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailed abovetraded during a +closed period where prior written clearance	No
was required?
If so, was prior written clearance provided to allow the tradeto proceed during this period?	Not applicable
If prior written clearance was provided, on what date was thisprovided?	Not applicable

+ See chapter 19 for defined terms.