Change of Director’s Interest Notice

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

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: Vulcan Steel Limited
ARBN: 652 996 015 (incorporated in New Zealand)

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
Peter Wells
Date of last notice
8 November 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
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.

Takutai Limited is the registered holder.
Peter Wells is a beneficial owner.
Date of change
4 March 2022
No. of securities held prior to change
18,416,039
Class
Fully paid ordinary shares
Number acquired
250,000 shares
Number disposed
n/a
Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation

NZ$9.80 per share,

NZ$2,450,000.
No. of securities held after change
18,666,039
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back
On-market.

Acquired for future philanthropic initiatives
by the founder of Vulcan Peter Wells.

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011


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


n/a
Name of registered holder
(if issued securities)

n/a
Date of change
n/a
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

n/a
Interest acquired
n/a
Interest disposed
n/a
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation

n/a
Interest after change
n/a

Part 3 –
+
Closed period

Were the interests in the securities or contracts detailed
above traded during a
+
closed period where prior written
clearance was required?
No.

Securities were purchased within
the company’s permitted trading
window. However, written pre-
approval is still required under
Vulcan’s securities trading policy.
Written pre-approval was granted.

If so, was prior written clearance provided to allow the
trade to proceed during this period?
As explained above.
If prior written clearance was provided, on what date was
this provided?
4 March 2022