BLACK CAT SYNDICATE LIMITED — Share Issue/Capital Change 2026

Jan 11, 2026

ASX ANNOUNCEMENT 12 January 2026

Exercise of Options and Performance Rights

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Black Cat Syndicate Limited ( “Black Cat” or “the Company ”) advises of the issue of 11,000 ordinary fully paid shares on the exercise of unlisted options ($0.50, expiring 31 July 2027) and a total of 71,698 ordinary fully paid shares on the exercise of employee options at various exercise prices. In addition, Black Cat has issued a total of 612,833 shares on the exercise of vested performance rights expiring at various dates.

An Appendix 2A will be lodged with ASX following release of this announcement.

A cleansing notice is attached to this announcement regarding the issue of the shares on the exercise of unlisted options and performance rights. The employee options were previously issued under Black Cat’s Incentive Securities Plan pursuant to Division 1A of Part 7.12 of the Corporations Act 2001 (Cth).

Capital Structure

The current capital structure of the Company is as follows:

Capital Structure Fully Paid Ordinary Shares Options/ Performance Rights Total	Capital Structure Fully Paid Ordinary Shares Options/ Performance Rights Total	Capital Structure Fully Paid Ordinary Shares Options/ Performance Rights Total
Fully Paid Ordinary Shares 707,972,217	-	707,972,217
Fully Paid Ordinary Shares (escrowed to 31 March 2026) 19,739,439	-	19,739,439
Unlisted Options @ $0.51 expiring 28 Jul 2026 -	273,000	273,000
Unlisted Options @ $0.55 expiring 21 Feb 2027 -	260,000	260,000
Unlisted Options @ $0.52 expiring 21 Mar 2027 -	190,000	190,000
Unlisted Options @ $0.50 expiring 31 Jul 2027 - 1,225,000 1,225,000
Unlisted Options @ $0.50 expiring 31 Aug 2027 - 1,800,000 1,800,000
Unlisted Options @ $0.32 expiring 8 Feb 2028 -	390,000	390,000
Unlisted Options @ $0.405 expiring 18 Apr 2028 -	300,000	300,000
Unlisted Options @ $0.655 expiring 30 Sep 2028 - 500,000 500,000
Unlisted Options @ $0.794 expiring 14 Oct 2028 - 500,000 500,000
Unlisted Options @ $0.886 expiring 20 Dec 2028 -	6,422,000	6,422,000
Unlisted Options @ $1.237 expiring 20 May 2029 -	2,885,000	2,885,000
Unlisted Options @ $1.205 expiring 16 July 2029 -	1,500,000	1,500,000
Unlisted Options @ $1.35 expiring 28 Aug 2029 -	705,000	705,000
Unlisted Options @ $1.46 expiring 2 Sep 2029 -	500,000	500,000
Performance Rights expiring 30 Jun 2027 -	4,717,968	4,717,968
Performance Rights expiring 30 Jun 2028 -	146,759	146,759
Performance Rights expiring 11 November 2030 -	3,017,406	3,017,406
Performance Rights expiring 15 December 2030 -	684,471	684,471
Current Issued Capital 727,711,656 26,016,604 753,728,260

For further information, please contact: Gareth Solly Managing Director +61 458 007 713 admin@bc8.com.au

This announcement has been approved for release by the Managing Director of Black Cat Syndicate Limited.

BLACK CAT SYNDICATE LIMITED (ASX:BC8) | 0458 007 713 | admin@bc8.com.au | Level 4, 507 Murray Street, Perth WA 6000 www.bc8.com.au | ABN 63 620 896 282 |

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12 January 2026

The Manager Company Announcements Office Australian Securities Exchange 20 Bridge Street SYDNEY NSW 2000

Dear Sir or Madam

BLACK CAT SYNDICATE LIMITED SECONDARY TRADING NOTICE – NOTIFICATION PURSUANT TO PARAGRAPH 708A(5)(e) OF THE CORPORATIONS ACT 2001

This notice is given by Black Cat Syndicate Limited (ACN 620 896 282) (“Black Cat”) under Section 708A(5)(e) of the Corporations Act 2001 (Cth) (“the Act”).

Black Cat advises that it has issued on 12 January 2026 a total of 11,000 ordinary fully paid shares on the exercise of options and 612,833 ordinary fully paid shares on the exercise of performance rights.

Black Cat gives notice under Section 708A(5)(e) of the Act that:

• (a) The New Shares were issued without disclosure to investors under Part 6D.2 of the Act.

• (b) As a disclosing entity, Black Cat is subject to regular reporting and disclosure obligations.

• (c) As at the date of this notice, Black Cat has complied with:

• (i) the provisions of Chapter 2M as they apply to Black Cat; and

• (ii) section 674 and 674A of the Act.

• (d) As at the date of this notice, there is no information that is ‘excluded information’ within the meaning of Section 708A(7) and 708A(8) of the Act which is required to be disclosed by Black Cat under Section 708A(6)(e) of the Act.

Black Cat Syndicate Limited

Dan Travers Company Secretary

BLACK CAT SYNDICATE LIMITED (ASX:BC8) Level 4, 507 Murray Street, Perth WA 6000 | PO Box 184, West Perth WA 6872 P +61 (0) 458 007 713 | E admin@bc8.com.au ABN 63 620 896 282 | www.bc8.com.au