OpenLearning : Change of Directors' Interest Notices

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: OpenLearning Limited

ABN: 18 635 890 390

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	Kevin Barry
Date of last notice	30 December 2019

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	Australian Forestry Investments Pty Ltd
(including registered holder)
Note: Provide details of the circumstances giving rise to the relevant	A company controlled by Mr Barry
interest.
Date of change	21 January 2022
No. of securities held prior to change	Kevin Barry
	619,004 Ordinary Shares
	1,000,000 Options exercisable at $0.30
	expiring 9/12/2022
	Australian Forestry Investments Pty Ltd
	1,220,784 Ordinary Shares
Class	Ordinary Shares
Number acquired	Kevin Barry
	103,168 Shares
	Australian Forestry Investments Pty Ltd
	167,850 Shares
Number disposed	Nil

+ See chapter 19 for defined terms.

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For personal use only

Appendix 3Y

Change of Director's Interest Notice

Value/Consideration	$0.093 per Share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Kevin Barry
	722,172 Ordinary Shares
	1,000,000 Options exercisable at $0.30
	expiring 9/12/2022
	Australian Forestry Investments Pty Ltd
	1,388,634 Ordinary Shares
Nature of change	Shares issued pursuant to Rights Issue
Example: on-market trade, off-market trade, exercise of options, issue	participation.
of securities under dividend reinvestment plan, participation in buy-
back

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

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

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

+ See chapter 19 for defined terms.

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For personal use only

Appendix 3Y

Change of Director's Interest Notice

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.

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: OpenLearning Limited

ABN: 18 635 890 390

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	Adam Brimo
Date of last notice	2 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	Strong Alliance Pty Ltd
(including registered holder)	Superfund A/C>
Note: Provide details of the circumstances giving rise to the relevant
interest.	Mr. Brimo is a director of Strong Alliance
	Pty Ltd and a beneficiary of Day Day Up
	Superfund A/C.
Date of change	21 January 2022
No. of securities held prior to change	Adam Brimo
	6,406,117 Ordinary Shares
	1,000,000 Performance Rights
	Melissa Ran
	126,358 Ordinary Shares
	Strong Alliance Pty Ltd
	Superfund A/C>
	150,000 Ordinary Shares
Class	Ordinary Shares

+ See chapter 19 for defined terms.

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Appendix 3Y

Change of Director's Interest Notice

Number acquired	Adam Brimo
	225,000 Shares
	Strong Alliance Pty Ltd
	Superfund A/C>
	25,000 Shares
Number disposed	Nil
Value/Consideration	$0.093 per Share
Note: If consideration is non-cash, provide details and estimated
valuation
No. of securities held after change	Adam Brimo
	6,631,117 Ordinary Shares
	1,000,000 Performance Rights
	Melissa Ran
	126,358 Ordinary Shares
	Strong Alliance Pty Ltd
	Superfund A/C>
	175,000 Ordinary Shares
Nature of change	Shares issued pursuant to Rights Issue
Example: on-market trade, off-market trade, exercise of options, issue	participation.
of securities under dividend reinvestment plan, participation in buy-
back

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

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

+ See chapter 19 for defined terms.

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