WA KAOLIN LIMITED — Director's Dealing 2021

Feb 10, 2021

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	WA KAOLIN LIMITED
ABN	56 083 187 017

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	Catherine Moises
Date of last notice	1 December 2020

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	Direct / Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Name of holder: Tooradin Park Superannuation Pty Ltd Nature of interest: Ms Moises is a sole director of the trustee and sole beneficiary of the fund
Date of change	4 February 2021

• 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	Direct: 1) 625,000 Ordinary shares - 125,000 Ordinary shares escrowed until 26 November 2022 2) 937,500 Options - Unquoted options exercisable at 25 cents each on or before 20 November 2023 - 687,500 Options escrowed until 26 November 2022 3) 1,500,000 Incentive options - Unquoted options exercisable at 35 cents each on or before 20 November 2025 - Escrowed until 26 November 2022 Indirect: 1) 625,000 Ordinary shares - 125,000 Ordinary shares escrowed until 26 November 2022 2) 937,500 Options - Unquoted options exercisable at 25 cents each on or before 20 November 2023 - 687,500 Options escrowed until 26 November 2022
Class	Ordinary shares
Number acquired	625,000 Ordinary Shares (by Tooradin Park Superannuation Pty Ltd
Number disposed	625,000 Ordinary Shares (by Catherine Moises)
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.175 per Ordinary Share ($109,375)

• See chapter 19 for defined terms.

Appendix 3Y Page 2

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

Direct: 1) 937,500 Options - Unquoted options exercisable at 25 cents each on or before 20 November 2023 - 687,500 Options escrowed until 26 November 2022 2) 1,500,000 Incentive options - Unquoted options exercisable at 35 cents each on or before 20 November 2025 - Escrowed until 26 November 2022 Indirect: 1) 1,250,000 Ordinary shares - 250,000 Ordinary shares escrowed until 26 November 2022 2) 937,500 Options - Unquoted options exercisable at 25 cents each on or before 20 November 2023 - 687,500 Options escrowed until 26 November 2022

Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

Off-market transfer (between director and entity which she controls and is sole beneficiary)

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	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

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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
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Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	Yes
If so, was prior written clearance provided to allow the trade to proceed during this period?	Yes
If prior written clearance was provided, on what date was this provided?	4 February 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 4

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