Pilbara Minerals : Change of Director's Interest Notice

Appendix 3Y Change of Director's Interest Notice

Appendix 3Y

Change of Director's Interest Notice

Rule 3.19A.2

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 entityPILBARA MINERALS LIMITED

ABN 95 112 425 788

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	Stephen John Scudamore
Date of last notice	9 January 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	A: Indirect
	B: Direct
Nature of indirect interest	A: Kentchurch Pty Ltd
(including registered holder)	Fund>
Note: Provide details of the circumstances giving rise to	B: Stephen John Scudamore
the relevant interest.
Date of change	16 December 2020
No. of securities held prior to change	A: 142,850 ordinary shares
	B: Nil
Class	Share Rights
Number acquired	B: 77,603 Share Rights
Number disposed	-
Value/Consideration	As detailed in the Company's Appendix 3G lodged on
Note: If consideration is non-cash, provide details and	17 December 2020, Mr Scudamore was issued Share
estimated valuation	Rights in lieu of 40% of his pre-tax Director's fees for
	the 12 month period from 1 December 2020 to 30
	November 2021.

• 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 after change	A: 142,850 ordinary shares
	B: 77,603 Share Rights vesting and automatically
	exercising in quarterly tranches on the following
	dates -
	Tranche 1 - Vesting Date 28 February 2021
	Tranche 2 - Vesting Date 30 May 2021
	Tranche 3 - Vesting Date 31 August 2021
	Tranche 4 - Vesting Date 30 November 2021
	in each case subject to a service-based vesting
	condition.
Nature of change	Share Rights granted pursuant to the Company's
Example: on-market trade, off-market trade, exercise of	Employee Award Plan and pursuant to the 2020 Non-
options, issue of securities under dividend reinvestment	Executive Director Fee Sacrifice Scheme approved by
plan, participation in buy-back	shareholders at the Annual General Meeting on 17
	November 2020.

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

Value/Consideration

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

Interest after change

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

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