X2M CONNECT LIMITED — Director's Dealing 2023

May 17, 2023

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 becomes ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	X2M Connect Limited
ABN	48 637 951 154

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	Damien Johnston
Date of last notice	24 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)	Controller of holder
Date of change	(1) 18 May 2023 (2) N/A (3) N/A (4) N/A (5) N/A
No. of securities held prior to change	(1) 96,091 - ORDINARY FULLY PAID SHARES (2) 109,440 - ESC SHARES ASX 24M VOL UNTIL 24/03/2024 (3) 178,831 - ESC SHARES ASX 24M VOL UNTIL 30/06/2024 (4) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (5) 48,046 - OPT @ $0.16 EXP 31/08/24

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
Class	(1) ORDINARY FULLY PAID SHARES (2) ESCROWED SHARES ASX 24M VOL UNTIL 24/03/2024 (3) ESCROWED SHARES ASX 24M VOL UNTIL 30/06/2024 (4) EMPLOYEE OPTIONS @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (5) OPTIONS @ $0.16 EXP 31/08/24
Number acquired	(1) 294,117 - ORDINARY FULLY PAID SHARES (2) NIL (3) NIL (4) NIL (5) NIL
Number disposed	(1) NIL (2) NIL (3) NIL (4) NIL (5) NIL
Value/Consideration	(1) $0.068 - ORDINARY FULLY PAID SHARES (2) N/A (3) N/A (4) N/A (5) N/A
No. of securities held after change	(1) 390,208 - ORDINARY FULLY PAID SHARES (2) 109,440 - ESC SHARES ASX 24M VOL UNTIL 24/03/2024 (3) 178,831 - ESC SHARES ASX 24M VOL UNTIL 30/06/2024 (4) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (5) 48,046 - OPT @ $0.16 EXP 31/08/24
Nature of change	(1) Share purchase plan acceptance (2) N/A (3) N/A (4) N/A (5) N/A

Part 2 - Change of director's relevant 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.

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Interest after change	N/A

Part 3 -[+] Closed period

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3

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 becomes ASX's property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	X2M Connect Limited
ABN	48 637 951 154

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	Callistus Mohan Jesudason
Date of last notice	17 March 2023

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)	Controller of holder
Date of change	(1) 18 May 2023 (2) N/A (3) N/A (4) N/A (5) N/A (6) N/A (7) N/A (8) N/A (9) N/A (10) N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
No. of securities held prior to change	(1) 941,177 - ORDINARY FULLY PAID SHARES (2) 4,104,000 - ESC SHARES ASX 24M VOL UNTIL 25/03/2024 (3) 5,219,448 - ESC SHARES ASX 24M VOL UNTIL 02/07/2024 (4) 1,486,704 - ESC SHARES ASX 24M VOL UNTIL 14/07/2024 (5) 7,169,691 - EXEC OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (6) 7,058,462 - EXEC OPT @ $0.25 EXP 15/7/25 ESC 24M (7) 1,373,940 - LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (8) 3,861,924 - LTI OPTIONS @ $0.1375 EXP 02/09/2027 (9) 655,219 - STI OPTIONS @ $0.34 EXP 17/03/2028 - Note these securities were issued but inadvertently not included in the Appendix 3X issued for the director due to an error on the register (10) 470,589 - OPT @ $0.16 EXP 31/08/24
Class	(1) ORDINARY FULLY PAID SHARES (2) ESCROWED SHARES ASX 24M VOL UNTIL 25/03/2024 (3) ESCROWED SHARES ASX 24M VOL UNTIL 02/07/2024 (4) ESCROWED SHARES ASX 24M VOL UNTIL 14/07/2024 (5) EXEC OPTION @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (6) EXEC OPTION @ $0.25 EXP 15/7/25 ESC 24M (7) LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (8) LTI OPTIONS @ $0.1375 EXP 02/09/2027 (9) STI OPTIONS @ $0.34 EXP 17/03/2028 (10) OPTIONS @ $0.16 EXP 31/08/24

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 2

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
Number acquired	(1) 147,058 - ORDINARY FULLY PAID SHARES (2) NIL (3) NIL (4) NIL (5) NIL (6) NIL (7) NIL (8) NIL (9) NIL (10) NIL
Number disposed	(1) NIL (2) NIL (3) NIL (4) NIL (5) NIL (6) NIL (7) NIL (8) NIL (9) NIL (10) NIL
Value/Consideration	(1) $0.068 - ORDINARY FULLY PAID SHARES (2) N/A (3) N/A (4) N/A (5) N/A (6) N/A (7) N/A (8) N/A (9) N/A (10) N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
No. of securities held after change	(1) 1,088,235 - ORDINARY FULLY PAID SHARES (2) 4,104,000 - ESC SHARES ASX 24M VOL UNTIL 25/03/2024 (3) 5,219,448 - ESC SHARES ASX 24M VOL UNTIL 02/07/2024 (4) 1,486,704 - ESC SHARES ASX 24M VOL UNTIL 14/07/2024 (5) 7,169,691 - EXEC OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (6) 7,058,462 - EXEC OPT @ $0.25 EXP 15/7/25 ESC 24M (7) 1,373,940 - LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (8) 3,861,924 - LTI OPTIONS @ $0.1375 EXP 02/09/2027 (9) 655,219 - STI OPTIONS @ $0.34 EXP 17/03/2028 (10) 470,589 - OPT @ $0.16 EXP 31/08/24
Nature of change	(1) Share purchase plan acceptance (2) N/A (3) N/A (4) N/A (5) N/A (6) N/A (7) N/A (8) N/A (9) N/A (10) N/A

Part 2 - Change of director's relevant 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	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 4

Appendix 3Y Change of Director's Interest Notice

Interest after change N/A

Part 3 -[+] Closed period

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?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 5