Alterra : Change of Director's Interest Notices

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	Alterra Limited
ABN	20 129 035 221

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	Mark Andrew Clements
Date of last notice	25 March 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	Indirect
Nature of indirect interest	Mr Clements is a director of Balion Pty Ltd
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.
Date of change	20 July 2022
No. of securities held prior to change	600,000 fully paid ordinary shares
	6,000,000 unlisted $0.05 options, expiring 9
	December 2023, subject to various vesting
	conditions.
Class	Fully Paid Ordinary Shares
Number acquired	600,000
Number disposed	Nil
Value/Consideration	$8,400
Note: If consideration is non-cash, provide details and estimated
valuation

• 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	1,200,000 fully paid ordinary shares
	6,000,000 unlisted $0.05 options, expiring 9
	December 2023, subject to various vesting
	conditions.
Nature of change	Participation in the Company's Entitlement
Example: on-market trade, off-market trade, exercise of options, issue of	Offer announced on 7 June 2022.
securities under dividend reinvestment plan, participation in buy-back

Part 2 - Change of director's interests in contracts - N/A

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

Part 3 - +Closed period - N/A

Were the interests in the securities or contracts detailed 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.

Appendix 3Y Page 2

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	Alterra Limited
ABN	20 129 035 221

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	John Joseph Palermo
Date of last notice	30 June 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	Shares held by Mr John Joseph Palermo <>
(including registered holder)	Jonpi	A/C>, which Mr Palermo	has an
Note: Provide details of the circumstances giving rise to the relevant	equitable interest.
interest.
Date of change	20 July 2022
No. of securities held prior to change	960,000 fully paid ordinary shares held by Mr
	John Joseph Palermo , which
	Mr Palermo has an equitable interest.
	2,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company	achieving	a	market
	capitalisation of A$10 million for a consecutive
	period of 30 days in which the Company's
	shares have traded on ASX has been met. In
	the event of a Change in Control any unvested
	Options will immediately vest.
	(Tranche 1).

• 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

	2,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation of A$20 million for a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 2).
	1,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation	of	A$30 million	for	a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 3).
	1,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation	of	A$40 million	for	a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 4).
Class	Fully paid ordinary shares
Number acquired	960,000
Number disposed	Nil
Value/Consideration	$13,440
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	1,920,000 fully paid ordinary shares held by
	Mr John Joseph Palermo ,
	which Mr Palermo has an equitable interest.

+ 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

	2,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation of A$10 million for a consecutive
	period of 30 days in which the Company's
	shares have traded on ASX has been met. In
	the event of a Change in Control any unvested
	Options will immediately vest. (Tranche 1).
	2,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation of A$20 million for a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 2).
	1,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation	of	A$30 million	for	a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 3).
	1,000,000 unlisted options at $0.04 each
	exercisable before 5.00pm WST on 9
	December 2023 after the vesting condition of
	the	Company		achieving	a	market
	capitalisation	of	A$40 million	for	a
	consecutive period of 30 days in which the
	Company's shares have traded on ASX has
	been met. In the event of a Change in Control
	any unvested Options will immediately vest.
	(Tranche 4).
Nature of change	Participation in the Company's Entitlement
Example: on-market trade, off-market trade, exercise of options, issue of	Offer announced on 7 June 2022.
securities under dividend reinvestment plan, participation in buy-back

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