QEM LIMITED — Director's Dealing 2021

Sep 28, 2021

Appendix 3Y Change of Director’s Interest Notice

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 30/9/2001.

Name of entity	QEM Limited
ABN	13 167 966 770

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	David Fitch
Date of last notice	21 August 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 giving rise to the relevant interest.	ER FITCH PTY LTD **FAMILY TRUST> Director and Shareholder
Date of change	29 September 2021

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	DL FITCH NOMINEES PTY LTD **FITCH FAMILY TRUST> Director and Shareholder 19,305,734 fully paid ordinary shares DLFCMS NOMINEES PTY LTD **PROPERTY TRUST> Director and Shareholder 2,415,229 fully paid ordinary shares DAVRAC INVESTMENTS PTY LTD Director and Shareholder 2,415,229 fully paid ordinary shares CL FITCH PTY LTD **FAMILY TRUST> Director and Shareholder 649,881 fully paid ordinary shares ER FITCH PTY LTD **FAMILY TRUST> Director and Shareholder 3,206,427 fully paid ordinary shares TOTAL: 27,992,500 fully paid ordinary shares
Class	Fully Paid Ordinary Shares
Number acquired	ER FITCH PTY LTD **FAMILY TRUST> 3,866,667 Fully Paid Ordinary Shares
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	ER FITCH PTY LTD **FAMILY TRUST> $580,000.05

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

DL FITCH NOMINEES PTY LTD **FITCH FAMILY TRUST> Director and Shareholder 19,305,734 fully paid ordinary shares DLFCMS NOMINEES PTY LTD **PROPERTY TRUST> Director and Shareholder 2,415,229 fully paid ordinary shares DAVRAC INVESTMENTS PTY LTD Director and Shareholder 2,415,229 fully paid ordinary shares CL FITCH PTY LTD **FAMILY TRUST> Director and Shareholder 649,881 fully paid ordinary shares ER FITCH PTY LTD **FAMILY TRUST> Director and Shareholder 7,073,094 fully paid ordinary shares TOTAL: 31,859,167 fully paid ordinary shares

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

Placement following shareholder approval on 24 September 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 Nature of interest Name of registered holder (if issued securities) Date of change 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

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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