Orbital : Change of Directors Interest Notice – Todd Alder

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	Orbital Corporation Limited
	ABN	32009 344 058
	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 Todd Alder
	Date of last notice		8 November 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
	Nature of indirect interest
	Note: Provide details of the circumstances giving rise to the relevant	-
	(including r g stered holder)
	interest.
	Date of change	10 August 2020
	No. of securities held prior to change	372,333 Ordinary Fully Paid Shares
		Unvested Performance Rights with 30 day
		VWAP trigger and expiry date as follows:
		647,250 @ $0.62 Expire 10 August 2020
		Unvested Performance Rights with 60 day
		VWAP triggers and expiry dates as follows:
		340,000 @ $0.90 Expire 10 August 2020
	Class	255,000 @ $1.20 Expire 10 August 2020
		Performance Rights
	Number acquired
	Number disposed	255,000 Expired Performance Rights
	+ See chapter 19 for defined terms.	Appendix 3Y Page 1
01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Note:Value/ConsideratIf consideration isonnon-cash, provide details and estimated valuation

Nature of change	987,250 Vested Performance Rights
No. of securities held after change	372,333 Ordinary Fully Paid Shares
of securities under dividend reinvestment plan, participation in buy-	2.	Expiry of performancerights
Example: on-market trade, off-market trade, exercise of options, issue	1	Vesting of
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

Note:interestDetailsrelatedare only priorrequiredtoforchangea contract in relation to which the interest has changed

Interest acquired

Interest disposed

Note:Value/ConsiderationIf 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	N/A
	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.	01/01/2011
	Appendix 3Y Page 2