PPK GROUP LIMITED — Director's Dealing 2022

Jan 17, 2022

18 January 2022

Mr Corey Lian Advisor, Listings Compliance ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Mr Lian

PPK Group Limited: Appendix 3Y – Change of Directors Interest Notice and Form 604

Please find enclosed a form 3Y Change of Directors Interests for Mr Glenn Molloy.

As advised in the correspondence of 8 and 9 July 2021, Mr Molloy acquired certain indirect interests in shares in PPK Group Limited pursuant to him being appointed as the executor of the estate of long-time shareholder and director, the late Mr Graeme Webb.

The relevant change in his indirect interests relates to Mr Molloy's performance of his duties arising out of the executorship, namely a distribution of shares to the children of Mr Webb under the terms of his estate. I also enclose a corresponding form 604 Change in Substantial Holdings Notice.

Further, Mr Molloy has resigned from his position as trustee for TM Molloy as Ms Molloy has now reached an age where she will be responsible for her own financial affairs. Mr Molloy has not disposed of any shares held for his own benefit.

Yours sincerely

Will Shiel General Counsel and 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 PPK Group Limited
ABN 65 003 964 181

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	GLENN ROBERT MOLLOY
Date of last notice	9 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 relevant	Wavet Fund No 2 Pty Limited in which Mr Molloy is the sole director.
interest.	Heather Ellen Kenney and Glenn Robert Molloy as Trustees for TM Molloy
	Brian Charman + Glenn Molloy + Fiona Toltz as (non bare) joint trustees of the Fiona Testamentary trust
	Molloy Family Foundation Pty Ltd in which Mr Molloy is the sole director
	Samtyl Investments Pty Ltd atf the Molloy Property trust. Mr Molloy controls Samtyl and is a potential beneficiary
	Equipment Company of Australia Pty Ltd as a director acting as executor of the estate of Mr Graeme Webb
	Glenn Robert Molloy and Tyla Marie Molloy as trustees for BR Humphreys

⁺ See chapter 19 for defined terms.

Date of change	14 January 2022

⁺ See chapter 19 for defined terms.

No. of securities held prior to change	Wavet Fund No 2 Pty Limited: 14,011,998
	shares in the Company
	Wavet Fund No 2 Pty Limited: 5,789,014 shares in Li-S Energy Limited
	Wavet Fund No 2 Pty Ltd atf Wavet Super Fund No 2: 225,000 shares in Li-S Energy Limited
	Wavet Fund No 2 Pty Limited: 1,000,000 shares in White Graphene Limited
	Heather Ellen Kenney and Glenn Robert Molloy as Trustees for TM Molloy: 255,000 shares in the Company
	Heather Ellen Kenney and Glenn Robert Molloy as Trustees for TM Molloy: 98,073 shares in Li-S Energy Limited
	Brian Charman + Glenn Molloy + Fiona Toltz as (non bare) joint trustees of the Fiona Testamentary trust: 150,000 in the Company
	Brian Charman + Glenn Molloy + Fiona Toltz as (non bare) joint trustees of the Fiona Testamentary trust: 57,690 shares in Li-S Energy Limited
	Molloy Family Foundation Pty Ltd in which Mr Molloy is the sole director: 51,123 in the Company
	Molloy Family Foundation Pty Ltd in which Mr Molloy is the sole director: 19,661 in Li-S Energy Limited
	Samtyl Investments Pty Ltd as trustee of the Molloy Property trust. Mr Molloy is a potential beneficiary: 400,000 shares in Li S Energy Limited
	Equipment Company of Australia Pty Ltd as a director acting as executor of the estate of Mr Graeme Webb: 7,674,866 in the Company

⁺ See chapter 19 for defined terms.

No. of securities held prior to change (cont.)	Equipment Company of Australia Pty Ltd as a director acting as executor of the estate of Mr Graeme Webb: 3,759,413 in Li-S Energy Limited Glenn Robert Molloy and Tyla Marie Molloy as trustees for BR Humphreys: 75,000 shares in Li-S Energy Limited
Class	Ordinary shares in the Company Ordinary shares in a related listed company, Li-S Energy Limited Ordinary shares in a related unlisted public company, White Graphene Limited.
Number acquired	Nil
Number disposed	1 million ordinary shares in the Company, in his capacity as executor of the estate of Mr Graeme Webb 255,000 shares in the Company and 98,073 shares in Li-S Energy Limited due to his resignation as trustee for TM Molloy
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	Nil

⁺ See chapter 19 for defined terms.

No. of securities held after change	Wavet Fund No 2 Pty Limited: 14,011,998
	shares in the Company
	Wavet Fund No 2 Pty Limited: 5,789,014 shares in Li-S Energy Limited
	Wavet Fund No 2 Pty Ltd atf Wavet Super Fund No 2: 225,000 shares in Li-S Energy Limited
	Wavet Fund No 2 Pty Limited: 1,000,000 shares in White Graphene Limited
	Brian Charman + Glenn Molloy + Fiona Toltz as (non bare) joint trustees of the Fiona Testamentary trust: 150,000 in the Company
	Brian Charman + Glenn Molloy + Fiona Toltz as (non bare) joint trustees of the Fiona Testamentary trust: 57,690 shares in Li-S Energy Limited
	Molloy Family Foundation Pty Ltd in which Mr Molloy is the sole director: 51,123 in the Company
	Molloy Family Foundation Pty Ltd in which Mr Molloy is the sole director: 19,661 in Li-S Energy Limited
	Samtyl Investments Pty Ltd as trustee of the Molloy Property trust. Mr Molloy is a potential beneficiary: 400,000 shares in Li S Energy Limited
	Equipment Company of Australia Pty Ltd as a director acting as executor of the estate of Mr Graeme Webb: 6,674,866 in the Company

⁺ See chapter 19 for defined terms.

No. of securities held after change (cont.)

Equipment Company of Australia Pty Ltd as a director acting as executor of the estate of Mr Graeme Webb: 3,759,413 in Li-S Energy Limited Glenn Robert Molloy and Tyla Marie Molloy as trustees for BR Humphreys:

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy back

75,000 shares in Li-S Energy Limited As notified on 9 July 2021, Mr Molloy was appointed as executor of the estate of Mr Graeme Webb and in this capacity a director of a company controlled by the late Mr Webb (Equipment Company of Australia Pty Ltd). Equipment Company of Australia Pty Ltd holds shares in PPK Group Limited and a related listed company Li-S Energy Limited. One million shares in the Company were transferred to the children of Mr Webb in Mr Molloy's capacity as executor of the estate. Further, Mr Molloy has resigned from the position of trustee for TM Molloy as Ms Molloy has reached an age where she will manage her own financial affairs.

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 which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A

⁺ See chapter 19 for defined terms.

Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securities or contracts detailed	Yes
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	Yes
trade to proceed during this period?
If prior written clearance was provided, on what date was	23 December 2021
this provided?

⁺ See chapter 19 for defined terms.

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

To Company Name/Scheme	PPK Group Limited
ACN/ARSN	003 964 181
1. Details of substantial holder (1)
Name	Equipment Company of Australia Pty Ltd
ACN/ARSN (if applicable)	002 674 866

There was a change in the interests of the substantial holder on	14/January/2022
The previous notice was given to the company on	9/July/2021
The previous notice was dated	9/July/2021

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
fully paid ordinary shares	7,674,866	8.60%	6,674,866	7.48%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
14/1/22	Equipment Company of Australia Pty Ltd	Sale of shares	Nil	1,000,000 Ordinary shares	1,000,000

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Equipment Company of Australia Pty Ltd	Equipment Company of Australia Pty Ltd		Power to exercise the voting rights attached to and the disposal of	6,674,866	6,674,866

	the shares as the registered holder.

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Graeme Douglas Webb	Former director

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Graeme Douglas Webb	Level1, 3 Hickson Rd, The Rocks, NSW 2000

Signature

print name	Glenn Molloy	capacity	Director
sign here		date	17/January/2022

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.
• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.
• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.
• (4) The voting shares of a company constitute one class unless divided into separate classes.
• (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.
• (6) Include details of:
• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and
• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation

to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".
• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.