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
11 November 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
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
28 November 2023
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

221,799 performance share rights (with
vesting date of 1 July 2025, subject to the
satisfaction of certain conditions) issued on
4 November 2022 under Vulcan’s FY23 Long-
Term Incentive Plan

Class
The performance share rights are rights to
acquire ordinary shares

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Number acquired
229,798 performance share rights (with
vesting date of 1 July 2026, subject to the
satisfaction of certain conditions) under
Vulcan’s FY24 Long-Term Incentive Plan
Number disposed
N/A


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 2023).


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.

221,799 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.

229,798 performance share rights granted to
Rhys Jones (with vesting date of 1 July 2026,
subject to the satisfaction of certain
conditions) under Vulcan’s FY24 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
8 November 2023 and granted
to Rhys Jones on 28 November
2023.
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