QEM LIMITED — Director's Dealing 2025

Jan 8, 2025

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 30/09/01 Amended 01/01/11

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	22 November 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 interest	Indirect
Nature of indirect interest	Tracey Loyden & Gavin Loyden
(including registered holder)	(Director & wife of director)
Note: Provide details of the circumstances giving rise tothe relevant interest.	Greenwich Global Pty Ltd <Loyden Family A/C>
	(Director & Shareholder)
	Greenwich SMSF Pty Ltd <Greenwich SMSF A/C>
	(Director & Shareholder)
	Tracey Loyden
	(Wife of director)
Date of change	8 January 2025

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	139,143Ordinary Shares20,064,390 Ordinary shares178,571Quoted Options ($0.14 @ 30-Sep-26)2,000,000 Unquoted options ($0.345 @ 12-Aug-25)1,000,000 Unquoted Options ($0.14 @ 1-Oct-27)1,500,000 Unquoted Options ($0.14 @ 31-Jul-28)250,000Performance rights (3 years’ service, expire26-Aug-26)125,000Performance rights ($0.40 share price, expire26-Aug-26)250,000Performance rights (Strategic Investor, expire26-Aug-27)884,299Ordinary Shares
Tracey Loyden & Gavin Loyden
Greenwich Global Pty Ltd <LoydenFamily A/C>
Tracey Loyden
Class	Ordinary SharesQuoted Options ($0.14 @ 30-Sep-26)
Number acquired	20,064,390 Ordinary shares178,571Quoted Options ($0.14 @ 30-Sep-26)
Greenwich SMSF Pty Ltd <GreenwichSMSF A/C>
Number disposedGreenwich Global Pty Ltd <LoydenFamily A/C>	20,064,390 Ordinary shares178,571Quoted Options ($0.14 @ 30-Sep-26)
Value/ConsiderationNote: If consideration is non-cash, provide detailsand estimated valuation	$0.036 per Ordinary ShareNOTE: transfer between director related entities – NO netchange of total holdings
No. of securities held after change	139,143Ordinary Shares2,000,000 Unquoted options ($0.345 @ 12-Aug-25)1,000,000 Unquoted Options ($0.14 @ 1-Oct-27)1,500,000 Unquoted Options ($0.14 @ 31-Jul-28)250,000Performance rights (3 years’ service, expire26-Aug-26)125,000Performance rights ($0.40 share price, expire26-Aug-26)250,000Performance rights (Strategic Investor, expire26-Aug-27)20,064,390 Ordinary shares178,571Quoted Options ($0.14 @ 30-Sep-26)
Tracey Loyden & Gavin Loyden
Greenwich Global Pty Ltd <LoydenFamily A/C>
Greenwich SMSF Pty Ltd <GreenwichSMSF A/C>

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

Tracey Loyden	884,299Ordinary Shares
Nature of changeExample: on-market trade, off-market trade, exerciseof options, issue of securities under dividendreinvestment plan, participation in buy-back	Transfer between director related entities – NO net changeof total holdings.

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 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 the tradeto proceed during this period?
If prior written clearance was provided, on what date was thisprovided?

On behalf of the Board DP Cornish Company Secretary 9 January 2025

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3