Cobalt Blue : Change of Directors' interests

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

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	Cobalt Blue Holdings Limited (ASX:COB)
	ABN	90 614 466 607
	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		Hugh Keller
	Date of last notice		7/12/2020

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	Votraint (HK Super) Pty Ltd
	Note: Provide details of the circumstances giving rise to the relevant		No. 20 Superannuation Fund>
	(including r g stered holder)
	interest.	Mr Hugh Keller has a relevant interest in this
				entity.
	Date of change		21/12/2021, 22/12/2021
	No. of securities held prior to change	Number of Shares		Number of Options
	Mr Hugh Douglas Hilton Keller		1,129,463
	Votraint (HK Super) Pty Ltd		560,527		500,000
	No. 20 Superannuation Fund>				(Exercise price $0.25, Expiry
					Date 21/12/2021)
	Total		1,689,990		500,000
	Class	Fully paid ordinary shares and performance
		rights
	Number acquired	i.	54,342 Ordinary shares (Direct)
		ii.	187,500 Ordinary Shares (Indirect)
		iii.	1,000,000 Performance Rights (Direct)
	Number disposed		500,000 Options (Indirect)
		(exercised for 187,500 ordinary shares using the
		Company's cashless option exercise mechanism)
	+ See chapter 19 for defined terms.				Appendix 3Y Page 1
01/01/2011

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Note: If consideration is non-cash, provide details and estimated		shares issued at $0.368 per share.
Value/Considerat on	i.	Director fees of $20,000 paid as 54,342
valuation	ii.	Cashless exercise of options, based on
		exercise price of $0.25/option and share
		price of $0.40 at expiry.
	iii.	Performance Rights issued for no
		consideration and no exercise price.
		Vesting subject to company share price
		meeting share price barriers and other
		terms and conditions as per 2021 AGM
		Notice of Meeting.
No. of securities held after change	Number of shares		Number of
				Performance Rights
Mr Hugh Douglas Hilton Keller		1,183,805		1,000,000
Votraint (HK Super) Pty Ltd		748,027		-
No. 20 Superannuation Fund>
Total		1,931,832		1,000,000
Example: on-market trade, off-market trade, exercise of options, issue		November 2021.
Nature of change	i.	Issue of shares in lieu of Directors Fees as
of securities under dividend reinvestment plan, participation in buy-		approved by shareholders at AGM on 26
back	ii.	Cashless exercise of options.
	iii.	Issue of performance rights as approved by
		shareholders at AGM on 26 November
		2021.

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	N/A
	Name of registered holder	N/A
	(if issued securities)
	Date of change	N/A
	No. and class of securities to which	N/A
	Note: Details are only required for a contract in
	interest related prior to change
	relation to which the interest has changed	N/A
	Interest acquired
	Interest disposed	N/A
	+ See chapter 19 for defined terms.	01/01/2011
	Appendix 3Y Page 2

For personal use only

Appendix 3Y

Change of Director's Interest Notice

	Note:Value/ConsiderationIf consideration is non-cash, provide details		N/A
	and an estimated valuation		N/A
	Interest after change

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?

If so, was prior written clearance provided to allow the trade to proceed during this period?

If prior written clearance was provided, on what date was this provided?

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

Appendix 3Y

Change of Director's Interest Notice

Appendix 3Y

Rule 3.19A.2

For personal use only

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	Cobalt Blue Holdings Limited (ASX:COB)
	ABN	90 614 466 607
	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		Josef Kaderavek
	Date of last notice		12/07/2021

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	Louise Kaderavek
	Mr Josef Thomas Kaderavek & Mrs Ariane
	interest.
	Note: Provide details of the circumstances giving rise to the relevant	sef			s
	(including r g stered holder)
	Date of change	Louise Kaderavek
			21/12/2021, 22/12/2021
	No. f securities held p ior to change	Number of Shares		Number of Options
	Mr Josef Thomas Kaderave & Mrs Ariane Louise	3,873,279			-
	Kaderavek
	Mr Josef Thomas Kaderavek & Mrs Ariane Louise	2,569,866			-
	Kaderavek
	Total	6,443,145			-
	Number acquired		Performance	Rights
	Class	ii.	Fully paid ordinary shares
	Number disposed	2,511,468336,692Performanceordinary SharesRights
				Nil
	+ See chapter 19 for defined terms.			01/01/2011
	Appendix 3Y Page 4

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Note: If consideration is non-cash, provide details and estimated		short-term incentive bonus for the year
Value/Considerat on	i.	Issued by the Company for payment of
valuation			ended 30 June 2021, paid in shares at
			the 10-day VWAP on and before 30 June
			2021. ($0.297 per share).
		ii.	Performance Rights issued for no
			consideration and no exercise price.
			Vesting subject to achievement of
			performance hurdles based on company
			relative total shareholder return against
			two comparator groups and other terms
			and conditions as per 2021 AGM Notice
			of Meeting.
No. of securities held after change	Number of Shares		Number of
	Kaderavek				Performance Rights
Mr Josef
Mr Josef Thomas Kaderave & Mrs Ariane Louise		4,209,971			2,511,468
	Thomas Kaderavek & Mrs Ariane Louise		2,569,866				-
	Kaderavek
	Total	i.	6,779,837			2,511,468
Nature of change
Incentive as approved by shareholders
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-	Issue of	ordinary shares	to CEO and
back		Executive	Director	as	Short-Term
	ii.	at AGM held on 26 November 2021.
		Issue of performance rights as approved
		by shareholders at AGM on 26
			November 2021.

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	N/A
	Name of registered holder	N/A
	(if issued securities)
	Date of change	N/A
	No. and class of securities to which	N/A
	Note: Details are only required for a contract in
	interest related prior to change
	relation to which the interest has changed	N/A
	Interest acquired
	+ See chapter 19 for defined terms.	Appendix 3Y Page 5
01/01/2011