Icon Energy : Change of Director's Interest Notice

For personal use only

17 January 2022

Company Announcements Office

Australian Securities Exchange Limited

20 Bridge Street

Sydney NSW 2000

Re: Change of Directors' Interests - Mr S Barry, Dr K Hilless and

Mr R James

Icon Energy Limited (ASX: ICN) advises that the Chairman and Non-Executive Director, Mr Stephen Barry and Non-Executive Directors, Dr Keith Hilless and Mr Raymond James have participated in the Pro-RataNon-Renounceable Rights Issue Offer (Rights Issue Offer) announced on 29 November 2021.

Icon lodges the Appendix 3Y on behalf of Mr James, Mr Barry and Dr Hilless in accordance with the requirements of ASX Listing Rules. Each of the directors and their associates subscribed for their full entitlements under the Rights Issue Offer

This announcement has been authorised for release to the market by the Board.

Yours faithfully

Natalia Fraser

CFO / Company Secretary

Icon Energy Limited

ABN 61 058 454 569

P 07 407 200 200

PO Box 513

Varsity Lakes

QLD 4227

Australia

[e-mail]

www.iconenergy.com

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 ICON ENERGY LIMITED

ABN 61 058 454 569

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	Mr Raymond S James
Date of last notice	11 December 2017

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		the James Family Superfund.
	(including r g stered holder)		Raymond James purchased shares through
	Note: Provide details of the circumstances giving rise to the relevant
	interest.		12 January 2022
	Date of change
			Indirect1 Shareholding	2,101,852
	No. of securities held prior to change		Shares:	268,690
			Indirect 2 Shareholding
		Direct 1 Shareholding	2,781,549
		Direct 2 Shareholding	15,436,378
		Direct 3 Shareholding	3,750,000
		Direct 4 Shareholding	700,000
			TOTAL:	25,038,469
			Shares held by spouse	192,860
	Class		Ordinary shares and listed options
	Number disposed		Listed options: 12,615,664
	Number acquired		Shares: 12,615,664
			Nil
	+ 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:Value/ConsideratIf consideration isonnon-cash, provide details and estimated		$126,156.64
	valuation
	No. of securities held after change			Indirect1 Shareholding	3,152,778
			Shares:	403,035
				Indirect 2 Shareholding
				Direct 1 Shareholding	4,172,323
				Direct 2 Shareholding	23,154,567
				Direct 3 Shareholding	5,625,000
				Direct 4 Shareholding	1,050,000
				TOTAL:	37,557,703
				Shares held by spouse	289,290
				Listed options, exercisable at 5c, expiry 12
				September 2022:	1,050,926
				Indirect 1 Shareholding
				Indirect 2 Shareholding	134,345
			Direct 1 Shareholding	1,390,774
			Direct 2 Shareholding	7,718,189
			Direct 3 Shareholding	1,875,000
			Direct 4 Shareholding	350,000
				TOTAL:	12,519,234
	of securities under dividend reinvestment plan, participation in buy-			Listed options held by spouse:	93,430
			Rata Non-Renounceable Rights Issue Offer
	Example:Natureonof-marketchangetrade,off-market trade, exercise of options, issue			Mr Raymond James participated in the Pro-
	back			announced on 29 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
	+ 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

Interest acquired	N/A
Interest disposed	N/A
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	N/A
above traded during a +closed period where prior written
clearance was required?
If so, was prior written clearance provided to allow the	N/A
trade to proceed during this period?
If prior written clearance was provided, on what date was	N/A
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 ICON ENERGY LIMITED

ABN 61 058 454 569

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	Mr Stephen Barry
Date of last notice	4 December 2014

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		S&G Barry Super Fund
	(including r g stered holder)		Stephen Barry purchased shares through the
	Note: Provide details of the circumstances giving rise to the relevant
	interest.		12 January 2022
	Date of change
			Direct - S Barry	687,506
	No. of securities held prior to change		Shares:	186,027
			Indirect - S & G Barry Super
			Fund Indirect - G Barry	780,060
			TOTAL:	1,653,593
	Class		Ordinary share and listed options
	Number disposed		Listed options: 826,796
	Number acquired		Shares: 826,796
			Nil
	Note:Value/ConsideratIf consideration isonnon-cash, provide details and estimated		$8,267.96
	valuation
	+ See chapter 19 for defined terms.		Appendix 3Y Page 1
01/01/2011