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WEST WITS MINING LIMITED

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West Wits Mining : Change of Director's Interest Notices x 5

01/14/2022 | 01:02am EDT

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: West Wits Mining Limited

ABN:

89 124 894 060

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

Michael Quinert

Date of last notice

31 December 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

Direct and Indirect

Nature of indirect interest

Director related entity - Kastin Pty Ltd

(including registered holder)

Note: Provide details of the circumstances giving rise to the

relevant interest.

Date of change

14/01/2022

No. of securities held prior to change

Shares

Options

Performance

Rights

Direct

1,458,474

-

-

Indirect

39,940,114

12,000,000

6,750,000

Total

41,398,588

12,000,000

6,750,000

Class

Fully paid ordinary shares (WWI)

Unlisted options

o

$0.1

exercise

price,

vest

01/07/2022,

expire

01/07,2024 (Class A Options)

o

$0.15

exercise

price,

vest

01/07/2023,

expire

01/07/2025 (Class B Options)

o

$0.25

exercise

price,

vest

01/07/2024,

expire

01/07/2026 (Class C Options)

Performance rights

+ 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

Shares

Options

Performance

Rights

Direct

-

-

-

Indirect

1,800,000

3,750,000

-

Total

1,800,000

3,750,000 *

-

*1,250,000 of each of the Class A, B and C Options

Number disposed

Shares

Options

Performance

Rights

Direct

-

-

-

Indirect

-

-

2,550,000

Total

-

-

2,550,000*

*1,800,000 converted, 750,000 lapsed

Value/Consideration

Nil:

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

Shares issued on conversion of performance rights on

valuation

satisfaction of applicable milestone, estimated value

of $0.036 per share based on closing price on

13/01/2022.

Options issued as Director remuneration pursuant to

shareholders approval obtained at 2021 AGM,

estimated value per option as follows per Notice of

Meeting sent to shareholders:

o Class A Options: $0.02348

o Class B Options: $0.02542

o Class C Options: $0.02633

Lapse of performance rights for which conversion

condition is not able to be satisfied.

No. of securities held after change

Shares

Options

Performance

Rights

Direct

1,458,474

-

-

Indirect

41,740,114

15,750,000

4,200,000

Total

43,198,588

15,750,000

4,200,000

Nature of change

Shares issued on conversion of performance rights on

Example: on-market trade, off-market trade, exercise of options,

satisfaction of applicable milestone.

issue of securities under dividend reinvestment plan, participation

Options issued under ESOP pursuant to shareholders

in buy-back

approval obtained at 2021 AGM.

Lapse of performance rights for which conversion

condition is not able to be satisfied.

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

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y

Change of Director's Interest Notice

Nature of interest

N/A

only

Name of registered holder

N/A

(if issued securities)

Date of change

N/A

No. and class of securities to which

N/A

interest related prior to change

Note: Details are only required for a contract in relation

use

to which the interest has changed

Interest acquired

N/A

Interest disposed

N/A

Value/Consideration

N/A

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

an estimated valuation

personalFor

Interest after change

N/A

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

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.

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

West Wits Mining Limited

ABN

89 124 894 060

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

Jacobus van Heerden

Date of last notice

15 July 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

Direct and indirect

Nature of indirect interest

BNP PARIBAS NOMS PTY LTD - nominee entity holding

(including registered holder)

shares on behalf of the Director.

Note: Provide details of the circumstances giving rise

to the relevant interest.

Date of change

14/01/2022

No. of securities held prior to

change

Shares

Options

Performance

Rights

Direct

-

-

4,500,000

Indirect

7,465,311

-

-

Total

7,465,311

-

4,500,000

INTEREST IN RELATED BODY CORPORATE

1% direct interest in subsidiary, West Wits MLI (Pty) Ltd

Class

Fully paid ordinary shares (WWI)

Unlisted options

o $0.1 exercise price, vest 01/07/2022, expire

01/07,2024 (Class A Options)

o $0.15 exercise price, vest 01/07/2023, expire

01/07/2025 (Class B Options)

o $0.25 exercise price, vest 01/07/2024, expire

01/07/2026 (Class C Options)

Performance rights

+ See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y

Change of Director's Interest Notice

Number acquired

Shares

Options

Performance

only

Rights

Direct

1,000,000

5,025,000

-

Indirect

-

-

-

Total

1,000,000

5,025,000

-

*1,675,000 of each of the Class A, B and C Options

Number disposed

Shares

Options

Performance

Rights

Direct

-

-

1,500,000

use

Indirect

-

-

-

Total

-

-

1,500,000*

* 1,000,000 converted, 500,000 lapsed

Value/Consideration

Nil:

Note: If consideration is non-cash, provide details

Shares

issued on conversion of performance rights on

and estimated valuation

satisfaction of applicable milestone, estimated value of

$0.036 per share based on closing price on 13/01/2022.

Options issued as Director remuneration pursuant to

personal

shareholders approval obtained at 2021 AGM, estimated

value per option as follows per Notice of Meeting sent to

shareholders:

o Class A Options: $0.02348

o Class B Options: $0.02542

o Class C Options: $0.02633

Lapse

of performance rights for which conversion

condition is not able to be satisfied.

No. of securities held after change

Shares

Options

Performance

Rights

Direct

1,000,000

5,025,000

3,000,000

Indirect

7,465,311

-

-

Total

8,465,311

5,025,000

3,000,000

INTEREST IN RELATED BODY CORPORATE

1% direct interest in subsidiary company, West Wits MLI (Pty) Ltd

For

Nature of change

Shares

issued on conversion of performance rights on

Example: on-market trade, off-market trade, exercise

satisfaction of applicable milestone.

of options, issue of securities under dividend

Options

issued under

ESOP pursuant

to shareholders

reinvestment plan, participation in buy-back

approval obtained at 2021 AGM.

Lapse of performance rights for which conversion

condition is not able to be satisfied.

+ See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

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Disclaimer

West Wits Mining Limited published this content on 14 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 January 2022 06:01:00 UTC.


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