QUANTUM GRAPHITE LIMITED - Director's Dealing 2022

QUANTUM GRAPHITE

MARKET RELEASE For Immediate Release 8 December 2022

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Attached is the Appendix 3Y for Sal Catalano following changes in his relevant interests.

Chimaera Capital Limited has undertaken an in-specie distribution of Quantum Shares, including to entities associated by Mr Catalano. As a result of the in-specie distribution, and incidental transactions, Chimaera Capital Limited reduced its relevant interest in Quantum Shares. Mr Catalano retains a relevant interest in the portion of these shares distributed to him (or his associated entities) under the in-specie distribution. Following the in-specie distribution Mr Catalano’s director interest has been reduced by 14,510,296 Shares. The recipients of Quantum Shares under Chimaera Capital’s in-specie distribution (including Mr Catalano) continue to hold the shares in their individual holdings.

Separately, Mr Catalano’s associated entity, SC Capital Pty Ltd has received 267,908 shares in respect of directors remuneration as approved by Shareholders at the Company’s Annual General Meeting on 30 November 2022.

FOR FURTHER INFORMATION CONTACT:

Company Secretary Quantum Graphite Limited E: [email protected]

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QGL is the owner of the Uley flake graphite mineral deposits located south-west of Port Lincoln, South Australia. The company’s Uley 2 project represents the next stage of development of the century old Uley mine, one of the largest high-grade natural flake deposits in the world. For further information, qgraphite.com.

QSP is our joint venture with Sunlands Co. for the manufacture of coarse natural flake based thermal storage media. The flake will be sourced exclusively from the QGL’s Uley mine. The manufactured media will be fitted within Sunlands Co.’s long duration energy storage cells. https://www.sunlandsco.com/

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	QUANTUM GRAPHITE LIMITED
ABN	44 008 101 979

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	Sal Catalano
Date of last notice	12 August 2022

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.		Indirect interests in shareholdings of Chimaera Capital Limited, SC Capital Pty Ltd, Queen Street Capital Pty Ltd, AXA Investment Managers Pty Ltd and Far Gazing Investments Pty Ltd Acquisition of the shares arising from the in- specie distribution of shares and incidental transactions from associated entities.
Date of change		7 December 2022
No. of securities held prior to change		Indirect, Chimaera Capital Limited, 68,990,318 Indirect, SC Capital Pty Ltd 4,710,823 Indirect, Queen Street Capital 2,159,756 Total: 75,680,897
		Total: 75,680,897
Class		Ordinary Shares
Number acquired		267,908
Number disposed		14,510,296
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation		Acquisition - Approved at 2022 AGM for services Disposal - $8,706,179.60

See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change	Indirect, Chimaera Capital Limited, 28,000,000 Indirect, SC Capital Pty Ltd, 16,937,218 Indirect, Queen Street Capital, 2,981,288 Indirect, AXA Investment Managers, 6,850,000 Indirect,Far GazingInvestments, 6,850,000 Total: 61,618,506	Indirect, Chimaera Capital Limited, 28,000,000 Indirect, SC Capital Pty Ltd, 16,937,218 Indirect, Queen Street Capital, 2,981,288 Indirect, AXA Investment Managers, 6,850,000 Indirect,Far GazingInvestments, 6,850,000 Total: 61,618,506

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	1. Approved at 2022 AGM for services 2. In-specie distribution and incidental transactions effected by off market transfers
		actions effected by off market transfers

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

art 3 –+Closed period
Were the interests in the securities or contracts detailed	YES
above traded during a+closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	YES
trade to proceed during this period?
If prior written clearance was provided, on what date was	YES
this provided?

See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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QUANTUM GRAPHITE LIMITED Director's Dealing 2022

65646_rns_2022-12-07_2105e13c-de23-4925-bd13-d9d87803fa86.pdf