Norwood : Change of Director's Interest Notice x 4

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 Norwood Systems Limited

ABN 15 062 959 540

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 Paul Ostergaard
Date of last notice	22 January 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	1. Ostergaard Family Trust (Trustee &
(including registered holder)	Beneficiary)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	10 February 2022
No. of securities held prior to change	1. Ostergaard Family Trust
	12,590,460 ordinary Shares
	2. Ocean Broadband Ltd
	2,647,480 ordinary shares
	3. Netwealth Investments Limited <>
	Services a/c> (Chill Cast Super Fund a/c)
	4,934,409 ordinary shares
Class	Fully Paid Ordinary Shares

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

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Number acquired	12,500,000
Number disposed	-
Value/Consideration	$0.024 per share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Ostergaard Family Trust
	1.	25,090,460 ordinary Shares
	Ocean Broadband Ltd
	2.	2,647,480 ordinary shares
	Netwealth Investments Limited
		a/c> (Chill Cast Super Fund a/c)
	3.	4,934,409 ordinary shares
Nature of change	Conversion of Convertible Notes of the value of
Example: on-market trade, off-market trade, exercise of options,	$300,000 approved at the AGM held on 31-Jan
issue of securities under dividend reinvestment plan, participation in	2022
buy-back

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	-
Nature of interest	-
Name of registered holder	-
(if issued securities)
Date of change	-
No. and class of securities to which	-
interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired	-
Interest disposed	-

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

For personal use only

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	-
Note: If consideration is non-cash, provide details
and an estimated valuation
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	n/a
to proceed during this period?
If prior written clearance was provided, on what date was this	n/a
provided?

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

For personal use only

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 become ASX's property and may be made public.

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

Name of entity	Norwood Systems Limited
ABN	15 062 959 540

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	Dr John Tarrant
Date of last notice	4 February 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	Direct
	Nature of indirect interest	-
	(including registered holder)
	Note: Provide details of the circumstances giving rise to the relevant
	interest.
	Date of change	8 February 2022
	No. of securities held prior to change	1. Balmain Resources Pty Ltd
		(Sole Director and Sole Shareholder)
		12,851,631 Ordinary Fully Paid Shares
	Class	Unquoted Options exercisable at 2.4 cents
		expiring 08/02/2025
	Number acquired	5,000,000
	Number disposed	-
	Value/Consideration	$29,441 valued based on Black & Scholes
	Note: If consideration is non-cash, provide details and estimated	methodology being for reasonable non-
	valuation
		executive director remuneration

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

For personal use only

Appendix 3Y

Change of Director's Interest Notice

No. of securities held after change	1. Balmain Resources Pty Ltd
	(Sole Director and Sole Shareholder)
	12,851,631 Ordinary Fully Paid Shares
	2. Dr John Tarrant
	5,000,000 Unquoted Options exercisable at
	2.4 cents expiring 08/02/2025
Nature of change	Off-market allotment in accordance with
Example: on-market trade, off-market trade, exercise of options, issue of	shareholder approval obtained 31-Jan 2022
securities under dividend reinvestment plan, participation in buy-back

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

Name of registered holder (if issued securities)

Date of change

No. and class of securities to which interest related prior to change

Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired

Interest disposed

Value/Consideration

Note: If consideration is non-cash, provide details and an estimated valuation

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?

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011