• Late lodgment of Appendix 3Ys due to administrative oversights
• No active trading by directors, changes were due to registered holder changes and entitlement issue transfers
• Company has agreements and policies in place to ensure timely compliance with disclosure obligations

Lakes Blue Energy NL (LKO) provided a response to an ASX query regarding the late lodgment of Appendix 3Y notices for changes in the notifiable interests of directors Mr. Roland Sleeman and Mr. Nicholas Mather. The company explained that the late lodgment was due to administrative oversights and not the result of active trading by the directors. Mr. Sleeman's change was a change of registered holder only, with no change in his interest in the company's securities. Mr. Mather's changes were a result of securities transferred to him as part of NewPeak Metals Limited's entitlement issue, which he was not aware of at the time. The company stated that compliance with ASX Listing Rules and good corporate governance are a priority, and it has in place agreements with each director requiring them to notify the company of any changes to their interests promptly to enable timely notification to ASX. The company's Securities Trading Policy also requires directors to immediately (and no later than two business days) notify the Company Secretary of any relevant interest changes. While the company considers its existing arrangements adequate, it has taken measures to reiterate directors' obligations and intends to ensure future timely compliance with ASX Listing Rule 3.19B.