Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Announcement Summary Entity name ELEMENT 25 LIMITED Date of this announcement Wednesday September 24, 2025 The +securities the subject of this notification are: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description Total number of +securities to be issued/transferred Issue date 3,098,379 19/09/2025 Performance Rights Refer to next page for full details of the announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 1 - Entity and announcement details 1.1 Name of entity ELEMENT 25 LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 46119711929 1.3 ASX issuer code E25 1.4 The announcement is New announcement 1.5 Date of this announcement 24/9/2025 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 2 - Issue details 2.1 The +securities the subject of this notification are: +Securities issued under an +employee incentive scheme that are subject to a restriction on transfer and are not being quoted on ASX until the restriction ends 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 3C - number and type of +securities the subject of this notification (new class) New +securities issued under an +employee incentive scheme ASX +security code +Security description New class - code to be confirmed Performance Rights +Security type ISIN code Other Date the +securities the subject of this notification were issued 19/9/2025 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes Provide details of the KMP or +associates being issued +securities. Name of KMP Name of registered holder Number of +securities Justin Brown Aradia Ventures Pty Ltd 607,056 Mr Salvatore Lancuba Mr Salvatore Lancuba 37,037 Mr Rudolph van Jaarsveld Mr Rudolph van Jaarsveld 37,037 Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms Company Performance Rights Plan https://res.cloudinary.com/investorhub/raw/upload/v1749538184/leaf-prod/269/documents/Performance_Rights_Plan_y2j o2t.pdf Material terms of Securities Issued https://res.cloudinary.com/investorhub/raw/upload/v1758707090/leaf-prod/269/documents/Attachment_to_3G_Summary_ of_Terms_of_Securities_Issued_2025_09_yfq4pq.pdf Any other information the entity wishes to provide about the +securities the subject of this notification The Performance Rights are subject to performance and vesting conditions as set by the Board. If the Performance Rights vest and are exercised, each participant will be issued one fully paid ordinary share in the Company for each Performance Right. Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Issue details Number of +securities 3,098,379 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise: The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description Total number of +securities on issue E25 : ORDINARY FULLY PAID 264,935,547 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue E25AO : OPTION EXPIRING 01-JUL-2027 EX $0.6547 500,000 E25AP : OPTION EXPIRING 23-SEP-2027 EX $1.2806 500,000 E25AI : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES 5,550,000 E25AA : OPTION EXPIRING 25-NOV-2027 EX $1.58 900,000 E25AM : OPTION EXPIRING 04-NOV-2025 EX $1.209 1,980,000 E25AL : OPTION EXPIRING 25-JUN-2025 EX 50C 500,000 E25AJ : OPTION EXPIRING 20-NOV-2024 EX 27.3C 2,000,000 E25AN : OPTION EXPIRING 13-JUL-2025 EX $0.44 1,000,000 New class - code to be confirmed : Performance Rights 3,098,379 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6/7 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes 5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 21/11/2024 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7/7