QANTAS AIRWAYS LIMITED — Director's Dealing 2020

Mar 2, 2020

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	QANTAS AIRWAYS LIMITED
ABN	16 009 661 901

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	Richard James Barr Goyder
Date of last notice	4 March 2019

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 therelevant interest.	Granting of Rights under the Qantas Non-ExecutiveDirector Fee Sacrifice Share Plan (NED Plan),whereby a Non-Executive Director sacrifices apercentage of their base or total fees to acquireShares.
	TheindirectinterestwillbeheldbyPacificCustodians Pty Ltd as trustee of the EmployeeShare Plan (ESP) Trust. The Rights are held onbehalf of Mr Goyder in the ESP Trust.
	Mr Goyder also has an indirect interest in ordinaryshares held by Invia Custodian Pty Limited, whichholds the shares for and on behalf of the followingaccounts:Warrangi Trustand R & J GoyderSuperannuation Fund.
Date of change	2 March 2020
No. of securities held prior to change	117,500 ordinary shares held by Invia CustodianPty Limited as trustee for the Warrangi Trust.
	12,500 ordinary shares held by Invia Custodian PtyLimitedastrusteefortheR&JGoyderSuperannuation Fund.
Class	Rights under the NED Plan

Number acquired	15,343 Rights
Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	$91,500 cash equivalent using the volume weightedaverage price of Shares over the seven calendardays immediately following the announcement ofQantas Airways Limited's half-year results on 20February 2020.The VWAP for the period was$5.9634.
No. of securities held after change	15,343 Rights granted under the NED Plan.117,500 ordinary shares held by Invia CustodianPty Limited as trustee for the Warrangi Trust.12,500 ordinary shares held by Invia Custodian PtyLimitedastrusteefortheR&JGoyderSuperannuation Fund.
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participationin buy-back	Granting of Rights under the NED Plan.Subject to the rules of the Plan, Rights will covert toShares on the Conversion Date which will beapproximately six months from the Grant Date,following the end of the "blackout period" leading upto the release of the Company's results for the fullyear.

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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to which interestrelated prior to changeNote: Details are only required for a contract in relation to which theinterest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and an estimatedvaluation
Interest after change

Part 3 – Closed Period

Werethe interests in the securities orcontracts detailed above traded during a+closedperiodwherepriorwrittenclearance was required?	No
If so, was prior written clearance providedto allow the trade to proceed during thisperiod?	Not Applicable
If prior written clearance was provided, onwhat date was this provided?	Not Applicable

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Andrew Finch Group General Counsel & Company Secretary 3 March 2020