5E Advanced Materials, Inc. — Share Issue/Capital Change 2025

Mar 5, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

5E ADVANCED MATERIALS INC.

Date of this announcement

Thursday March 06, 2025

The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
5EAAO	COMMON STOCK	13,586,524	06/03/2025

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

5E ADVANCED MATERIALS INC.

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 ARBN 655137170

1.3 ASX issuer code

5EA

1.4 The announcement is

New announcement

1.5 Date of this announcement

6/3/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

in a class which is not quoted on ASX but which has an existing ASX security code ("existing class")

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

The right of the holder of the options	or other +convertible securities to receive the +underlying securities is being	or other +convertible securities to receive the +underlying securities is being
satisfied by:
An issue of new +securities
The underlying securities being received by the holder are:
Are not, and are not intended to be, quoted by ASX
Existing +securities converting into an existing class
FROM (Existing Class)
ASX +Security code and description
5EAAR : CONVERTIBLE NOTES
TO (Existing Class)
ASX +Security code and description
5EAAO : COMMON STOCK
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	6/3/2025	6/3/2025
90,112
Is this all of the options or other +convertible securities on issue of that type?
Yes
Were the options being exercised or other +convertible securities being converted issued under an +employee
incentive scheme?
No
Date the +securities the subject of this notification were issued/transferred
6/3/2025
Will the +securities rank equally in all respects from their issue date with the existing issued +securities in that
class?
Yes
Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to the notice of meeting / proxy statement for the special meeting of stockholders lodged on 4 February 2025

Issue details

Number of +securities

13,586,524

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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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)

	Total number of
ASX +security code and description	+securities on issue
5EA : CHESS DEPOSITARY INTERESTS 10:1	14,746,670
4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
5EAAR : CONVERTIBLE NOTES	0
5EAAP : 10:1 CDI EQUIVALENT TO 5EAAO	15,266,310
5EAAO : COMMON STOCK	15,113,155
5EAAZ : WARRANTS	463,770
5EAAW : OPTION EXPIRING 24-APR-2033 EX USD 177.68	17,391
5EAAL : OPTION EXPIRING 01-JUN-2025 EX USD 366.26	57,965
5EAAN : OPTION EXPIRING 01-OCT-2025 EX USD 378.35	10,144
5EAAK : OPTION EXPIRING 07-APR-2025 EX USD 420.21	4,342
5EAAY : OPTION EXPIRING 01-AUG-2027 EX USD 23.69	10,868
5EAAX : OPTION EXPIRING 01-AUG-2027 EX USD 29.21	24,999
5EAAT : PERFORMANCE SHARE UNITS	22,899
5EAAS : RESTRICTED SHARE UNITS	18,829

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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