BELARAROX LIMITED — Share Issue/Capital Change 2025

Nov 5, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

BELARAROX LIMITED

Announcement Type

New announcement

Date of this announcement

Thursday November 06, 2025

The +securities to be quoted are:

+Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
BRX	ORDINARY FULLY PAID	1,650,000	05/11/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

BELARAROX LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number

649500907

1.3 ASX issuer code

BRX

1.4 The announcement is

New announcement

1.5 Date of this announcement

6/11/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities previously issued under an +employee incentive scheme where the restrictions on transfer have ceased or are about to cease

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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

Additional +securities to be quoted in an existing class as a result of transfer restrictions ceasing on an existing	Additional +securities to be quoted in an existing class as a result of transfer restrictions ceasing on an existing
class
FROM (Existing Class)
ASX +security code and description
BRXAF : SHORT TERM INCENTIVES
TO (Existing Class)
ASX +security code and description
BRX : ORDINARY FULLY PAID
Please state the number of +securities previously issued under the	And the date the restrictions on
+employee incentive scheme where the restrictions on transfer have ceased	transfer have ceased or will cease
or are about to cease
1,150,000	5/11/2025
Issue date
5/11/2025
Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued
+securities in that class?
Yes
Issue details
Number of +securities to be quoted
1,150,000
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities Conversion of rights on milestones being reached
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
0.081000
Any other information the entity wishes to provide about the +securities to be quoted

Additional +securities to be quoted in an existing class as a result of transfer restrictions ceasing on an existing class

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Appendix 2A - Application for quotation of securities

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FROM (Existing Class) ASX +security code and description

BRXAE : PERFORMANCE RIGHTS

TO (Existing Class) ASX +security code and description BRX : ORDINARY FULLY PAID

Please state the number of +securities previously issued under the	And the date the restrictions on
+employee incentive scheme where the restrictions on transfer have ceased	transfer have ceased or will cease
or are about to cease
500,000	5/11/2025
Issue date
5/11/2025
Will the +securities to be quoted rank equally in all respects from their issue	date with the existing issued
+securities in that class?
Yes
Issue details
Number of +securities to be quoted
500,000
Are the +securities being issued for a cash consideration?
No
Please describe the consideration being provided for the +securities Conversion of rights on milestones being reached
Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the
+securities to be quoted
0.081000
Any other information the entity wishes to provide about the +securities to be quoted

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
BRX : ORDINARY FULLY PAID	202,648,977
BRXOA : OPTION EXPIRING 13-JUL-2026	38,716,761

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
BRXAH : EXPLORATION INCENTIVES	900,000
BRXAF : SHORT TERM INCENTIVES	145,000
BRXAG : LONG TERM INCENTIVES	4,455,000
BRXAE : PERFORMANCE RIGHTS	14,600,000

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