'That Mr Edward Byrt, having retired in accordance with Listing Rule 14.5 and rule 8.1(e)(2) of the Constitution, and, being eligible, offers himself for re-election, is re-elected as a Director with effect immediately following the conclusion of the meeting.' To consider, and if thought fit, pass, with or without amendment, the following resolution as an ordinary resolution: Resolution 2: Re-election of Edward Byrt as Director 'That, for the purposes of section 250R(2) of the Corporations Act and for all other purposes, approval is given for the adoption of the remuneration report as contained in the Company's annual financial report for the financial year ended 30 June 2020.'

To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: Resolution 1: Adoption of Remuneration Report To consider the Financial Statements for the financial year ended 30 June 2020 and accompanying reports of the Directors and Auditor. Notice is hereby given that the Annual General Meeting of shareholders of Papyrus Australia Limited (the Company) will be held at the Offices of Grant Thornton, Level 3, 170 Frome Street ADELAIDE SA 5000 at 11.00 am (Adelaide time) on 11 November 2020.

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