QUALITAS LIMITED — Director's Dealing 2021

Dec 21, 2021

Rule 3.19A.1

Appendix 3X

Initial 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	Qualitas Limited(Company)
ABN	46 655 057 588

We (the entity) give ASX the following information under listing rule 3.19A.1 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Andrew Fairley AM
Date of appointment	4 November 2021

Part 1 - Director's relevant interests in securities of which the director is the registered holder

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.

Number & class of securities

$125,000 worth of unlisted share rights to subscribe for fully paid ordinary shares in the Company (Ordinary Shares). The number of Ordinary Shares issued on conversion of the rights will be calculated by dividing the $125,000 by the offer price under the initial public offering of Ordinary Shares, being $2.50 per Ordinary Share.

The rights will convert to Ordinary Shares within 6 months following the listing date of 16 December 2021 (Listing Date) and will remain subject to a disposal restriction for 2 years from the Listing Date.

Part 2 – Director's relevant interests in securities of which the director is not the registered holder

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

+ See chapter 19 for defined terms.

Nameofholder&natureofinterestNote: Provide details of the circumstances giving riseto the relevant interest.	Number & class of Securities
Ordinary Shares registered in thename of Boroko Pty Ltdas trusteefor the Fairley SuperScheme.	80,000 Ordinary Shares
Relevantinterestarisingundersection 608(3)of the CorporationsAct 2001(Cth)by virtue of thepower to control the exercise ofthe rightof Boroko Pty Ltdastrustee for the Fairley SuperSchemeto vote and dispose of theOrdinary Shares.
Ordinary Sharesregistered in thenameof Burnewang HoldingsPty Ltdas trustee for the FairleyInvestment Trust.	120,000 Ordinary Shares
Relevantinterestarisingundersection 608(3)of the CorporationsAct 2001(Cth) by virtue of thepower to control the exercise oftherightof Burnewang HoldingsPty Ltdas trustee for the FairleyInvestmentTrusttovoteanddispose of the Ordinary Shares.

Part 3 – 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	Nil.
Nature of interest	Nil.
Name of registered holder(if issued securities)	N/A
No. and class of securities to whichinterest relates	N/A

+ See chapter 19 for defined terms.