Australian Finance : Change of Director's Interest NoticeOpens in a new Window

30 November 2020

Market Announcements Office

ASX Limited

Exchange Centre

20 Bridge Street

SYDNEY NSW 2000

Dear Sir/Madam

CHANGE OF DIRECTOR'S INTEREST NOTICES

Please find attached Appendix 3Y - Change of Director's Interest Notice for Mr Malcolm Watkins.

Authorised for disclosure by:

Lisa Bevan

Company Secretary

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

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 Australian Finance Group Ltd

ABN 11 066 385 822

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	Malcolm Stephen Watkins
Date of last notice	27 August 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 and Indirect
Nature of indirect interest	MSW Investments Pty Ltd as trustee for
(including registered holder)	The Malcolm Stephen Watkins Family
Note: Provide details of the circumstances giving rise to the relevant
interest.	Trust. Malcolm Watkins is a beneficiary
	of the trust and a director and
	shareholder of the trustee.
Date of change	30 November 2020

• 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 prior to change	Indirect interest in 17,414,195 ordinary
	shares held by MSW Investments Pty Ltd
	as trustee for the Malcolm Stephen
	Watkins Family Trust.
	Direct interest in 79,461 ordinary shares
	allocated under the Australian Finance
	Group Ltd Long Term Incentive Plan.
	Direct interest in the following
	Performance Rights granted under the
	Australian Finance Group Ltd Long Term
	Incentive Plan:
	2019 grant Performance Rights: 20,114
	2020 grant Performance Rights: 17,108
Class	2021 Performance Rights
Number acquired	17,140
Number disposed	Not applicable
Value/Consideration	Nil. 2021 Grant of Performance Rights
Note: If consideration is non-cash, provide details and estimated	pursuant to the Australian Finance Group
valuation
	Ltd Long Term Incentive Plan.
No. of securities held after change	Indirect interest in 17,414,195 ordinary
	shares held by MSW Investments Pty Ltd
	as trustee for the Malcolm Stephen
	Watkins Family Trust.
	Direct interest in 79,461 ordinary shares
	allocated under the Australian Finance
	Group Ltd Long Term Incentive Plan.
	Direct interest in the following
	Performance Rights granted under the
	Australian Finance Group Ltd Long Term
	Incentive Plan:
	2019 grant Performance Rights: 20,114
	2020 grant Performance Rights: 17,108
	2021 grant Performance Rights: 17,140
Nature of change	2021 grant of Performance Rights
Example: on-market trade, off-market trade, exercise of options,	pursuant to the Australian Finance Group
issue of securities under dividend reinvestment plan, participation in	Ltd Long Term Incentive Plan.
buy-back

Part 2 - Change of director's interests in contracts N/A

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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	Executive Employment Agreement dated 1 May 2015.
Nature of interest	Subject to Executive Employment Agreement, grant
	of Performance Rights pursuant to the 2021 grant
	under the Australian Finance Group Ltd Long Term
	Incentive Plan approved at the AGM on 27
	November 2020.
Name of registered holder	Malcolm Watkins
(if issued securities)
Date of change	30 November 2020
No. and class of securities to which	2019 grant Performance Rights: 20,114 approved at
interest related prior to change	the AGM on 23 November 2018
Note: Details are only required for a contract in	2020 grant Performance Rights: 17,108 approved at
relation to which the interest has changed
	the AGM on 22 November 2019
	The number of Australian Finance Group Ltd shares
	to which the interest relates is subject to the
	satisfaction of performance criteria.
	Assuming satisfaction of performance criteria, each
	vested Performance Right entitles Mr Watkins to
	receive one Australian Finance Group Ltd share.
	The maximum number of shares that could be
	issued if the maximum stretch vesting conditions
	have been met is 25,710 shares.
Interest acquired	2021 grant Performance Rights: 17,140
Interest disposed	Not applicable
Value/Consideration	Nil
Note: If consideration is non-cash, provide details
and an estimated valuation
Interest after change	2019 grant Performance Rights: 20,114
	2020 grant Performance Rights: 17,108
	2021 grant Performance Rights: 17,140

Part 3 - +Closed period

Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required?

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