X2M CONNECT LIMITED — Director's Dealing 2024

Dec 16, 2024

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ASX Announcement |17 December 2024

ASX Appendix 3Y’s

Attached are ASX Appendix 3Y Change of Director Interest forms following allotment of securities to directors approved at the X2M Limited 2024 AGM

The Form 3Y for Mohan Jesudason also includes a small share purchase made by him on 6 November 2024, which has not been lodged within the required timeframe of ASX Listing Rule 3.19B. This was not included in the Form 3Y for him lodged on that day due to a misunderstanding on behalf of the Company Secretary as to trades completed.

X2M includes in the agenda for each Board meeting a standing item on disclosure of any trading in securities by directors, however as stated the error was caused by a misunderstanding, not a failure to communicate the trades. X2M considers the arrangements it has in place are adequate to meet its obligations under Listing Rule 3.19B.

The Company secretary of X2M has approved this announcement.

Ends

For further information contact:

or further information contact:
X2M Connect Limited	Investor Enquiries	Media Enquiries
Mohan Jesudason	Gabriella Hold	Rama Razy
Chief Executive Officer	Automic Markets	Automic Markets
investor.relations@x2mconnect.com	gabriella.hold@automicgroup.com.au	rama.razy@automicgroup.com.au
T: 1 800 926 926 (1 800 X2M X2M)	T: +61 411 364 382	T: +61 498 440 142

About X2M Connect Limited

X2M Connect Limited (ASX:X2M) is an Australian technology company that has developed and commercialised a patented proprietary Internet of Things (IoT) solution which delivers productivity improvements, cost savings and improved public safety to enterprise and government clients in the utilities sector. The strategy is to stay focused on the utility sector where X2M has proven performance and tap the growing artificial intelligence, renewable energy generation and battery storage markets’ demand for data collection, analytics and device control.

X2M’s technology connects devices such as water, gas and electricity meters and other utility sensors to the internet, enabling data exchange and the remote control of these devices. The collection of large volumes of data from meters or sensors and our ability to go back and control devices also provides the basis for artificial intelligence or machine learning applications to build upon our platform. The Company generates revenue from the sale of hardware and monthly subscription fees under Software as a Service arrangements.

X2M now has more than 530,000 devices connected to its IoT platform and distributed intelligence solution, providing real-time information and control to a steadily increasing customer base operating over multiple communications technologies.

X2M Connect Limited (ASX:X2M) ● Suite 1.01b, Building B, 18-24 Ricketts Road, Mount Waverley VIC 3149 ● ABN 48 637 951 154 www.x2mconnect.com

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X2M’s current focus is on servicing the utility sector in the Asia-Pacific region, where it has a significant number of government and enterprise customer relationships already in place. The addressable market across the region is large and importantly, the addressable market within X2M’s existing customer base is also large with penetration growing. Going forward, X2M will look to continue its global expansion, with subsidiaries already operating in Japan, South Korea, Taiwan and, most recently, China.

X2M is now extending its focus into the Middle East by licensing its platform to Dicode, a Dubai based business.

To learn more about X2M click here: www.x2mconnect.com or follow us on LinkedIn.

X2M Connect Limited (ASX:X2M) ● Suite 1.01b, Building B, 18-24 Ricketts Road, Mount Waverley VIC 3149 ● ABN 48 637 951 154 www.x2mconnect.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 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	18 September 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 (including registered holder)	Controller of holder
Date of change	(1) N/A (2) N/A (3) N/A (4) 11 December 2024
No. of securities held prior to change	(1) 1,016,560 - ORDINARY FULLY PAID SHARES (2) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 718,121 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) NIL - RM OPTIONS @ $0.067 EXP 10/12/2029
Class	(1) ORDINARY FULLY PAID SHARES (2) EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) RM OPTIONS @ $0.067 EXP 23/01/2029 (4) RM OPTIONS @ $0.067 EXP 10/12/2029

• 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
Number acquired	(1) NIL (2) NIL (3) NIL (4) 1,279,468 - RM OPTIONS @ $0.067 EXP 10/12/2029
Number disposed	(1) NIL (2) NIL (3) NIL (4) NIL
Value/Consideration	(1) N/A (2) N/A (3) N/A (4) DIRECTOR HAS FORGON 50% OF ANNUAL DIRECTOR FEES
No. of securities held after change	(1) 1,016,560 - ORDINARY FULLY PAID SHARES (2) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 718,121 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) 1,279,468 - RM OPTIONS @ $0.067 EXP 10/12/2029
Nature of change	(1) N/A (2) N/A (3) N/A (4) Allotment

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
Interest after change	N/A

Part 3 -[+] Closed period

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

Appendix 3Y Change of Director's Interest Notice

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	06 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	(1) Indirect (2) Indirect
Nature of indirect interest (including registered holder)	(1) Controller of holder (2) Controller of holder
Date of change	(1.1) N/A (1.2) N/A (1.3) N/A (1.4) N/A (1.5) N/A (1.6) N/A (1.7) 11 December 2024 (1.8) N/A (1.9) N/A (1.10) 11 December 2024 (2) 06 November 2024

• 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	(1.1) 12,398,387 - ORDINARY FULLY PAID SHARES (1.2) 7,169,691 - EXEC OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (1.3) 7,058,462 - EXEC OPT @ $0.25 EXP 15/7/25 ESC 24M (1.4) 1,373,940 - LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (1.5) 3,861,924 - LTI OPTIONS @ $0.1375 EXP 02/09/2027 (1.6) 5,405,405 - LTI OPTIONS @ $0.0975 EXP 30/06/2026 (1.7) NIL - LTI OPTIONS @ $0.067 EXP 25/10/2029 (1.8) 655,219 - STI OPTIONS @ $0.34 EXP 17/03/2028 (1.9) 10,416,768 - RM OPTIONS @ $0.067 EXP 23/01/2029 (1.10) NIL - RM OPTIONS @ $0.067 EXP 10/12/2029 (2) 249,250 - ORDINARY FULLY PAID SHARES
Class	(1.1) ORDINARY FULLY PAID SHARES (1.2) EXEC OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (1.3) EXEC OPT @ $0.25 EXP 15/7/25 ESC 24M (1.4) LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (1.5) LTI OPTIONS @ $0.1375 EXP 02/09/2027 (1.6) LTI OPTIONS @ $0.0975 EXP 30/06/2026 (1.7) LTI OPTIONS @ $0.067 EXP 25/10/2029 (1.8) STI OPTIONS @ $0.34 EXP 17/03/2028 (1.9) RM OPTIONS @ $0.067 EXP 23/01/2029 (1.10) RM OPTIONS @ $0.067 EXP 10/12/2029 (2) ORDINARY FULLY PAID SHARES

• 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	(1.1) NIL (1.2) NIL (1.3) NIL (1.4) NIL (1.5) NIL (1.6) NIL (1.7) 9,389,671 - LTI OPTIONS @ $0.067 EXP 25/10/2029 (1.8) NIL (1.9) NIL (1.10) 11,517,198 - RM OPTIONS @ $0.067 EXP 10/12/2029 (2) 12,000 - ORDINARY FULLY PAID SHARES
Number disposed	(1.1) NIL (1.2) NIL (1.3) NIL (1.4) NIL (1.5) NIL (1.6) NIL (1.7) NIL (1.8) NIL (1.9) NIL (1.10) NIL (2) NIL
Value/Consideration	(1.1) N/A (1.2) N/A (1.3) N/A (1.4) N/A (1.5) N/A (1.6) N/A (1.7) NIL (1.8) N/A (1.9) N/A (1.10) DIRECTOR HAS FORGONE 50% OF ANNUAL SALARY (2) $0.033 PER ORDINARY FULLY PAID SHARE

• 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) 12,398,387 - ORDINARY FULLY PAID SHARES (1.2) 7,169,691 - EXEC OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (1.3) 7,058,462 - EXEC OPT @ $0.25 EXP 15/7/25 ESC 24M (1.4) 1,373,940 - LTI OPTIONS @ $0.50 EXP 2 YRS FROM VEST (1.5) 3,861,924 - LTI OPTIONS @ $0.1375 EXP 02/09/2027 (1.6) 5,405,405 - LTI OPTIONS @ $0.0975 EXP 30/06/2026 (1.7) 9,389,671 - LTI OPTIONS @ $0.067 EXP 25/10/2029 (1.8) 655,219 - STI OPTIONS @ $0.34 EXP 17/03/2028 (1.9) 10,416,768 - RM OPTIONS @ $0.067 EXP 23/01/2029 (1.10) 11,517,198 - RM OPTIONS @ $0.067 EXP 10/12/2029 (2) 261,250 - ORDINARY FULLY PAID SHARES
Nature of change	(1.1) N/A (1.2) N/A (1.3) N/A (1.4) N/A (1.5) N/A (1.6) N/A (1.7) Allotment (1.8) N/A (1.9) N/A (1.10) Allotment (2) 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

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 4

Appendix 3Y Change of Director's Interest Notice

	Appendix 3Y Change of Director's Interest Notice
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 5

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	Alan Stockdale
Date of last notice	18 September 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	Direct
Nature of indirect interest (including registered holder)	N/A
Date of change	(1) N/A (2) N/A (3) N/A (4) 11 December 2024
No. of securities held prior to change	(1) 896,844 - ORDINARY FULLY PAID SHARES (2) 144,135 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 1,317,523 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) NIL - RM OPTIONS @ $0.067 EXP 10/12/2029
Class	(1) ORDINARY FULLY PAID SHARES (2) EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) RM OPTIONS @ $0.067 EXP 23/01/2029 (4) RM OPTIONS @ $0.067 EXP 10/12/2029

• 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
Number acquired	(1) NIL (2) NIL (3) NIL (4) 2,347,417 - RM OPTIONS @ $0.067 EXP 10/12/2029
Number disposed	(1) NIL (2) NIL (3) NIL (4) NIL
Value/Consideration	(1) N/A (2) N/A (3) N/A (4) DIRECTOR HAS FOREGONE 50% OF ANNUAL DIRECTOR FEES
No. of securities held after change	(1) 896,844 - ORDINARY FULLY PAID SHARES (2) 144,135 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 1,317,523 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) 2,347,417 - RM OPTIONS @ $0.067 EXP 10/12/2029
Nature of change	(1) N/A (2) N/A (3) N/A (4) Allotment

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
Interest after change	N/A

Part 3 -[+] Closed period

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

Appendix 3Y Change of Director's Interest Notice

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	John Stewart
Date of last notice	18 September 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	Direct
Nature of indirect interest (including registered holder)	N/A
Date of change	(1) N/A (2) N/A (3) N/A (4) 11 December 2024
No. of securities held prior to change	(1) 512,485 - ORDINARY FULLY PAID SHARES (2) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 598,887 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) NIL - RM OPTIONS @ $0.067 EXP 10/12/2029
Class	(1) ORDINARY FULLY PAID SHARES (2) EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) RM OPTIONS @ $0.067 EXP 23/01/2029 (4) RM OPTIONS @ $0.067 EXP 10/12/2029

• 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
Number acquired	(1) NIL (2) NIL (3) NIL (4) 1,067,031 - RM OPTIONS @ $0.067 EXP 10/12/2029
Number disposed	(1) NIL (2) NIL (3) NIL (4) NIL
Value/Consideration	(1) N/A (2) N/A (3) N/A (4) DIRECTOR HAS FORGONE 50% OF ANNUAL DIRECTOR FEES
No. of securities held after change	(1) 512,485 - ORDINARY FULLY PAID SHARES (2) 72,068 - EMP OPT @ $0.3575 EXP 13/9/25 ESC 24M UNTIL 22/09/2023 (3) 598,887 - RM OPTIONS @ $0.067 EXP 23/01/2029 (4) 1,067,031 - RM OPTIONS @ $0.067 EXP 10/12/2029
Nature of change	(1) N/A (2) N/A (3) N/A (4) Allotment

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
Interest after change	N/A

Part 3 -[+] Closed period

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

Appendix 3Y Change of Director's Interest Notice

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