POLARX LIMITED — Director's Dealing 2021

Dec 20, 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	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	17 July 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	N/A
Date of change	21December2021
No. of securities held prior to change	Direct3,700,395 fully paid ordinary shares (Shares)Indirect2,055,262 Shares
Class	Unlisted options to acquire Sharesat anexerciseprice of $0.058and expiry date of27 October 2025 (October 2025 Options)
Number acquired	5,000,000
Number disposed	Nil

+ See chapter 19 for defined terms.

Value/Consideration	Nil
Note: If consideration is non-cash, provide details and estimatedvaluation

No. of securities held after change	Direct3,700,395Shares5,000,000 October 2025 OptionsIndirect2,055,262Shares
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	Incentive options issued pursuant to theCompany's Long-Term Incentive Planand inaccordance with the shareholder approvalreceived on 10 December 2021

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 registeredholder(if issued securities)	Not applicable
Date of change	Not applicable
No. and class of securities towhichinterest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

+ See chapter 19 for defined terms.

Werethe interests in the securities or contracts detailedabove traded during a +closed periodwhere priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what datewas this provided?	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	15 May 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(including registered holder)Note: Provide details of the circumstancesgiving rise to the relevant interest.	Kallara Holdings Pty LtdATF JS & DERBojanjac Family Super FundRelevantinterest
Date of change	21December 2021
No. of securities held prior to change	Indirect1,000,000fully paid ordinary shares (Shares)
Class	Unlisted options to acquire Sharesat anexerciseprice of $0.058and expiry date of27 October 2025 (October2025Options)
Number acquired	5,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

+ See chapter 19 for defined terms.

No. ofsecurities held after change	Indirect1,000,000Shares5,000,000 October 2025 Options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	Incentive options issued pursuant to theCompany's Long-Term Incentive Planand inaccordance with the shareholder approvalreceived on 10 December 2021

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 towhichinterest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

Part 3 – +Closed period

Were the interests in the securities or contracts detailedabove traded during a +closed periodwhere priorwritten clearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	Not applicable
If prior written clearance was provided, on what datewas this provided?	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	Jason Berton
Date of last notice	15 May 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 circumstancesgiving rise to the relevant interest.	Orogen Investments Pty Limited<orogenA/C>Relevant interest</orogen
Date of change	21 December 2021
No. of securities held prior to change	Indirect14,664,938fullypaidordinaryshares(Shares)
Class	Unlisted options to acquire Sharesat anexerciseprice of $0.058and expiry date of27 October 2025 (October2025Options)
Number acquired	5,000,000
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	Nil

+ See chapter 19 for defined terms.

No. of securities held after change	14,664,938Shares5,000,000October2025Options
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buyback	Incentive options issued pursuant to theCompany's Long-Term Incentive Planand inaccordance with the shareholder approvalreceived on 10 December 2021

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 towhich interest related prior tochangeNote: Details are only required for a contract inrelation to which the interest has changed	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	Not applicable
Interest after change	Not applicable

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 prior written clearance provided to allow the	Not applicable
trade to proceed during this period?
If prior written clearance was provided, on what date	Not applicable
was this provided?

+ See chapter 19 for defined terms.