QEM LIMITED — Director's Dealing 2023

Nov 23, 2023

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 30/9/2001.

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	Gavin Loyden
Date of last notice	15 November 2023

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	DirectTracey Loyden & Gavin Loyden
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	24 November 2023

+ See chapter 19 for defined terms.

No. of securities held prior to change	Tracey Loyden & Gavin Loyden63,389 fully paid ordinary shares
	Greenwich Global Pty Ltd 19,707,248 fully paid ordinary shares2,000,000 Unquoted options exercisable at $0.345expiring 12 August 2025250,000 share performance rights expiring 26
	August 2026 (3 years service)125,000 share performance rights expiring 26
	August 2023 ($0.40 share price)250,000 share performance rights expiring 26August 2027 (Strategic Investor)
	Tracey Loyden 884,299 fully paid ordinary shares
Class	Fully Paid Ordinary Shares
Number acquired	Tracey Loyden & Gavin Loyden39,541
Number disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$7,142

+ See chapter 19 for defined terms.

No. of securities held after change	Tracey Loyden & Gavin Loyden102,930 fully paid ordinary shares
	Greenwich Global Pty Ltd 19,707,248 fully paid ordinary shares2,000,000 Unquoted options exercisable at $0.345expiring 12 August 2025
	250,000 share performance rights expiring 26August 2026 (3 years service)
	125,000 share performance rights expiring 26August 2023 ($0.40 share price)
	250,000 share performance rights expiring 26August 2027 (Strategic Investor)
	Tracey Loyden 884,299 fully paid ordinary shares
Nature of changeExample:on-markettrade,off-markettrade,exercise of options, issue of securities underdividend reinvestment plan, participation in buyback	On-market trade

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 whichinterest related prior to changeNote: Details are only required for a contract in relationto which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide details and anestimated valuation
Interest after change

Part 3 – +Closed period

+ See chapter 19 for defined terms.

Were the interests in the securities or contracts detailed above	No
traded during a +closed periodwhere prior written clearancewas required?
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

+ See chapter 19 for defined terms.