AXTEC LIMITED — Major Shareholding Notification 2025

Dec 11, 2025

604 page 1/2 15 Ju� 2018

Form 604

Corporations Act 2001

Section 671 B

Notice of change of interests of substantial holder

IQ_Company[/] registered scheme/notified foreign passport fund name ACN/ARSN/APFRN

AXTEC LIMITED (FORMERLY AXIOM PROPERTIES LIMITED)

009 063 834

NFPFRN (if applicable)

1. Details of substantial holder (1) Benjamin Peter Laurance

Name

ACN/ARSN/APFRN (if applicable)

NFPFRN (if applicable)

There was a change in the interests of the substantial holder on 12/12/ 25 The previous notice was given to the company, or the responsible entity for a registered scheme, or the operator of a notified foreign passport fund on 10 / 11 / 23 The previous notice was dated 10[/ ] 11 / 23

2 Previous and present voting power

The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company, scheme or fund, are as follows:

ws:
Class of securities (4)	Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5)
Ordinar Fully Paid Shares	86,491,175 17,38% 101,436,640	19.34%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company, scheme or fund, since the substantial holder was last required to give a substantial holding notice to the company, scheme or fund are as follows:

Date of change 8/11/23 10 12/12/25	Person whose Nature of change (6) relevant interest changed Benjamin Peter lssue of new shares & Laurance on and off market	Person whose Nature of change (6) relevant interest changed Benjamin Peter lssue of new shares & Laurance on and off market	Consideration given in relation to change (7) Refr Annexure A		Class and number of securties afected 14,945,465 ORD	Person's votes affected 1.95%
		~~pur1ases~~

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest (6)	Class and number of securities	Person's votes
Benjamin Peter Laurance	Startrend Investments Ply Ltd <Stratrend Investent a/co	Startrend Investments Ply ltd Power to Control VotingRights		55,441 83 ORD	1057%
Benjamin Peter Laurance	Beeiayel P� ltd <Beejayel uperannuatIon Fund	Beeiayel � ltd Powe to Control Vot1nn R1ahts		45,994,80 ORD	877%

604 page2/2 15 Ju� 2018

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting securities in the company, scheme or fund are as follows:

Name and ACN/ARSN/APFRN (if Nature of association applicable) and NFPFRN (if a""licablei Not applicable

6. Addresses

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

==> picture [336 x 55] intentionally omitted <==

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Name Address
Benjamin Peter Laurance Suite 2007, level 20 Australia Square, 264•278 George St, Sydney NSW 2000
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Signature

rint name Benjamin Peter Laurance capaci Director sign here date 12 / 12 / 2025

DIRECTIONS

(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 6 of the form.

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

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

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

• (5) The person's votes divided by the total votes in the body corporate, scheme or fund multiplied by100.

• (6) Include details of:

• (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 6718(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.

• (1) Details of the consideration must include any and all benefits, money or otherwise, 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 ho!der 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.

• (.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".

• @) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

This is Annexure A of 1 page referred to in Form 604 (Notice of Change of Interest of Substantial Holder)

Annexure A- Form 604 Date of last notice

12/12/2025

10/11/2023

Date of Change Person whose relevant interest changed 17/05/2024 Benjamin Peter Laurance 7/06/2024 Benjamin Peter Laurance 12/06/2024 Benjamin Peter Laurance 16/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 20/09/2024 Benjamin Peter Laurance 30/09/2024 Benjamin Peter Laurance 12/12/2025 Benjamin Peter Laurance 12/12/2025 Beniamin Peter Laurance NET TOTAL Registered holder of securities Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel PlyLtd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply Ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend In vestments Pty Ltd <Startrend Investm Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend Invstments Ptv Ltd <Startrend Investm	Date of Change Person whose relevant interest changed 17/05/2024 Benjamin Peter Laurance 7/06/2024 Benjamin Peter Laurance 12/06/2024 Benjamin Peter Laurance 16/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 20/09/2024 Benjamin Peter Laurance 30/09/2024 Benjamin Peter Laurance 12/12/2025 Benjamin Peter Laurance 12/12/2025 Beniamin Peter Laurance NET TOTAL Registered holder of securities Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel PlyLtd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply Ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend In vestments Pty Ltd <Startrend Investm Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend Invstments Ptv Ltd <Startrend Investm	> >	Nature of change On market purchase On marketpurchase	Consideration given In relation to change Clas s and number of securities affected $ 1,121.47 22,477 $ 134.46 2,988 $ 1,010.00 20,000 $ 6,996.16 126,956	Consideration given In relation to change Clas s and number of securities affected $ 1,121.47 22,477 $ 134.46 2,988 $ 1,010.00 20,000 $ 6,996.16 126,956	Consideration given In relation to change Clas s and number of securities affected $ 1,121.47 22,477 $ 134.46 2,988 $ 1,010.00 20,000 $ 6,996.16 126,956
						134.46 2,988 1,010.00 20,000
	12/06/2024 Benjamin Peter Laurance 16/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 17/09/2024 Benjamin Peter Laurance 20/09/2024 Benjamin Peter Laurance 30/09/2024 Benjamin Peter Laurance 12/12/2025 Benjamin Peter Laurance 12/12/2025 Beniamin Peter Laurance Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply Ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend In vestments Pty Ltd <Startrend Investm Beejayel Pty Ltd <Beejayel Superannuation Fund Beejayel Ply ltd <Beejayel Superannuation Fund Beejayel Pty Ltd <Beejayel Superannuation Fund Startrend Invstments Ptv Ltd <Startrend Investm	> > >	On market purchase On market purchase Off marketpurchase	$ $
						6,996.16 126,956
				$		360,000.00 6,000,000 360,000.00 -6,000,000
		ent> > > > ent>	Off market disposal On marketpurchase	-$ $
						14,945.46 273,044
			On market purchase Purchase via Placemen	t $ $		56,220.00 1,000,000
						52,500.00 3,500,000 150,000.00 10,000,000 282,927.55 14,945,465
			Purchase via Placeme	nt $ $

-[-'] S Benjamin Peter Laurance L-

Benjamin Peter Laurance 12-Dec-25