QEM LIMITED — Director's Dealing 2024

Apr 15, 2024

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	3 April 2024

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 interestIndirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.DL Fitch Nominees Pty Ltd <David FitchFamily Trust>Director and Shareholder	Direct or indirect interestIndirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.DL Fitch Nominees Pty Ltd <David FitchFamily Trust>Director and Shareholder	Direct or indirect interestIndirectNature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.DL Fitch Nominees Pty Ltd <David FitchFamily Trust>Director and Shareholder
	Direct or indirect interest	Indirect
	Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	DL Fitch Nominees Pty Ltd <David FitchFamily Trust>Director and Shareholder
	Date of change	11-16 April 2024

• 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 <DAVIDFITCH FAMILY TRUST>Director and Shareholder20,828,090 fully paid ordinary sharesDLFCMS NOMINEES PTY LTD <DLFCMSPROPERTY TRUST>Director and Shareholder2,415,229 fully paid ordinary sharesDAVRACINVESTMENTSPTYLTDDirector and Shareholder5,786,822 fully paid ordinary sharesCL FITCH PTY LTD <CAELAN FITCHFAMILY TRUST>Director and Shareholder5,242,225 fully paid ordinary shares1,000,000 Unquoted options exercisable at $0.345expiring 12 August 2025100,000 share performance rights expiring 26August 2026 (3 years service)50,000 share performance rights expiring 26August 2026 ($0.40 share price)100,000 share performance rights expiring 26August 2027 (Strategic Investor)ER FITCH PTY LTD <ELOISE FITCHFAMILY TRUST>Director and Shareholder9,800,366 fully paid ordinary sharesTOTAL: 44,072,732 fully paid ordinary shares,250,000shareperformancerights,and1,000,000 unquoted options
Class	Fully paid ordinary shares
Number acquired	DL FITCH NOMINEES PTY LTD <DAVIDFITCH FAMILY TRUST>Director and Shareholder68,059

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$10,549
No. of securities held after change	DL FITCH NOMINEES PTY LTD <DAVIDFITCH FAMILY TRUST>Director and Shareholder20,896,149 fully paid ordinary sharesDLFCMS NOMINEES PTY LTD <DLFCMSPROPERTY TRUST>Director and Shareholder2,415,229 fully paid ordinary sharesDAVRACINVESTMENTSPTYLTDDirector and Shareholder5,786,822 fully paid ordinary sharesCL FITCH PTY LTD <CAELAN FITCHFAMILY TRUST>Director and Shareholder5,242,225 fully paid ordinary shares1,000,000 Unquoted options exercisable at $0.345expiring 12 August 2025100,000 share performance rights expiring 26August 2026 (3 years service)50,000 share performance rights expiring 26August 2026 ($0.40 share price)100,000 share performance rights expiring 26August 2027 (Strategic Investor)ER FITCH PTY LTD <ELOISE FITCHFAMILY TRUST>Director and Shareholder9,800,366 fully paid ordinary sharesTOTAL: 44,140,791 fully paid ordinary shares,250,000shareperformancerights,and1,000,000 unquoted options
Nature of changeExample: on-market trade, off-market trade,exercise of options, issue of securities underdividend reinvestment plan, participation in buy-back	On-market trade

Part 2 – Change of director’s interests in contracts

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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 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

Were the interests in the securities or contracts detailedabove traded during a+closed period where prior writtenclearance was required?	No
If so, was prior written clearance provided to allow thetrade to proceed during this period?	N/A
If prior written clearance was provided, on what date wasthis provided?	N/A

• See chapter 19 for defined terms.

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