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
Rhys Jones
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 Direct
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant
interest.

N/A

Date of change 4 November 2022
No. of securities held prior to change 261,303 performance share rights (with vesting
date of 1 July 2024, subject to the satisfaction of
certain conditions) issued on 4 November 2021
under Vulcan’s FY22 Long-Term Incentive Plan

Class The performance share rights are rights to
acquire ordinary shares
Number acquired 221,779 performance share rights (with vesting
date of 1 July 2025, subject to the satisfaction of
certain conditions) under Vulcan’s FY23 Long-
Term Incentive Plan
Number disposed N/A

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation

The rights are issued for nil consideration.

The value of the rights granted is NZ$1,965,000
(based on the 20 trading day volume weighted
average price of Vulcan Steel Limited’s shares up
to and including 30 June 2022).


No. of securities held after change 4,718,000 ordinary shares held by Rhys Jones and
Lorraine Susan Taylor as trustees of the Ellsar
Trust. Rhys Jones is a beneficiary of that trust.

261,303 performance share rights granted to
Rhys Jones (with vesting date of 1 July 2024,
subject to the satisfaction of certain conditions)
under Vulcan’s FY22 Long-Term Incentive Plan.

221,779 performance share rights granted to
Rhys Jones (with vesting date of 1 July 2025,
subject to the satisfaction of certain conditions)
under Vulcan’s FY23 Long-Term Incentive Plan.
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue
of securities under dividend reinvestment plan, participation in buy-
back
Issue of performance share rights by Vulcan Steel
Limited

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

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

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 4 01/01/2011

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. The grant of performance
share rights was approved by
shareholders at the Annual
Meeting of shareholders on 20
October 2022 and granted to
Rhys Jones on 4 November 2022.
If so, was prior written clearance provided to allow the
trade to proceed during this period?
N/A
If prior written clearance was provided, on what date was
this provided?
N/A