PWR HOLDINGS LIMITED — Director's Dealing 2021

Feb 25, 2021

26 February 2021

Sale of shares by entity associated with Managing Director, Kees Weel

As disclosed in the attached Change in Directors' Interest Notice, an entity associated with Kees Weel (founder and Managing Director of PWR Holdings Limited) has sold 2 million shares on 23 February 2021.

The sale was made by Paul Weel who is no longer actively involved with the business activities of PWR.

Kees Weel continues to be fully committed to PWR and, indirectly through KPW Property Holdings Pty Ltd and Wagon Weel Pty Ltd, remains as the major shareholder with a significant holding of 20.9% of total shares on issue.

This ASX release has been authorised by the Board of PWR.

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	PWR Holdings Limited
ABN	85 105 326 850

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	Kees Weel
Date of last notice	14 October 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 circumstances givingrise to the relevant interest.	Shares held by KPW Property Holdings Pty Ltd ATFKPW Property Trust.Kees Weel is a director andshareholder of the trustee and beneficiary of the trust.
Date of change	23February 2021
No. of securities held prior tochange	Direct:61,385fully paid ordinary shares
	Indirect:
	•12,935,934fully paidordinary sharesheld byKPW Property Holdings Pty LtdATF KPWProperty Trust.Kees Weel is a directorandshareholder of thetrustee and a beneficiary of the KPW PropertyTrust
	•10,000,000 fully paidordinary shares held byWagon Weel Pty Ltd ATF the Wagon WeelTrust.Kees Weel is the sole director and shareholderof the trusteeand a beneficiary of the WagonWeel Trust
Class	Fully paid ordinary shares

• See chapter 19 for defined terms.

Number acquired	Nil
Number disposed	2,000,000
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$5.09 per share
No.ofsecuritiesheldafterchange	Direct:61,385fully paid ordinary sharesIndirect:•10,935,934fully paidordinary sharesheldbyKPW Property Holdings Pty LtdATF KPWProperty Trust.Kees Weel is a directorandshareholder of thetrustee and a beneficiary of the KPW PropertyTrust•10,000,000fully paid ordinary shares held byWagon Weel Pty Ltd ATF the Wagon WeelTrust.Kees Weel is the sole director and shareholderof the trusteeand a beneficiary of the WagonWeel Trust
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buyback	Onmarket saleof 2,000,000fully paid ordinaryshares.

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 in relation towhich the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

+ See chapter 19 for defined terms.

Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Were the interests in the securitiesorcontracts detailed above tradedduring a +closed periodwhere priorwritten clearance was required?	No
If so, was prior written clearanceprovidedtoallowthetradetoproceed during this period?	N/A
Ifpriorwrittenclearancewasprovided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.