ADSLOT LTD. — Major Shareholding Notification 2025

Oct 9, 2025

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme Adslot Limited ACN/ARSN 001 287 510

1. Details of substantial holder (1)

Name Andrew Barlow ACN/ARSN (if applicable) As set out below

The holder became a substantial holder on 8/10/2024

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
ORD - Ordinary Shares	352,617,342	352,617,342	6.17%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Andrew Barlow	Direct holder of fully paid ordinary shares (relevant interest under section 608(1)(a) of the Corporations Act 2001 (Cth)).	13,326,089 ORD Shares
VENTURIAN PTY LTD (ACN 109 613 274), VASUBO PTY LTD (ACN 687 513 971), AUSUM PTY LTD (ACN 677 157 710) (“AB Entities”)	Direct holders of fully paid ordinary shares (relevant interest under section 608(1)(a) of the Corporations Act 2001 (Cth)).	339,291,253 ORD Shares
Andrew Barlow	Indirectly via control of and/or a voting power of more than 20% in the AB Entities (relevant interest under section 608(3) of the Corporations Act 2001 (Cth)).	339,291,253 ORD Shares

603 Page 2 of 3 15 July 2001

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Andrew Barlow	Andrew Barlow	Andrew Barlow	13,326,089 ORD Shares
VENTURIAN PTY LTD	VENTURIAN PTY LTD	VENTURIAN PTY LTD	129,291,253 ORD Shares
VASUBO PTY LTD	VASUBO PTY LTD	VASUBO PTY LTD	120,000,000 ORD Shares
AUSUM PTY LTD	AUSUM PTY LTD	AUSUM PTY LTD	90,000,000 ORD Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
		Cash	Non-cash
VENTURIAN PTY LTD	16/07/2024	$93,981.97		93,981,966 ORD Shares
AUSUM PTY LTD	8/10/2024	$90,000.00		90,000,000 ORD Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Andrew Barlow, VENTURIAN PTY LTD, VASUBO PTY LTD	Each of Venturian Pty Ltd and Vasubo Pty Ltd is an associate of each other under section 12(2)(a)(iii) of the Corporations Act because Andrew Barlow has a relevant interest as the sole shareholder and/or director of Venturian Pty Ltd and as a director and more than 20% shareholder of Vasubo Pty Ltd.

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Andrew Barlow, VENTURIAN PTY LTD, VASUBO PTY LTD, AUSUM PTY LTD	Stannards Accountants & Advisors Pty Ltd, Level 1, 60 Toorak Road South Yarra VIC 3141

Signature

print name sign here	ANDREW BARLOW capacity
	date 10 / 10 / 2025

DIRECTIONS

603 Page 3 of 3 15 July 2001

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

• (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

• See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.