BWP GROUP — Share Issue/Capital Change 2026

May 14, 2026

Appendix 2A - Application for quotation of securities

Update Summary

Entity name
BWP GROUP

Announcement Type
Update to previous announcement

Date of this announcement
Friday May 15, 2026

Reason for the update
Update to include institutional and early acceptances under Retail Entitlement Offer.
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

Part 1 - Entity and announcement details

1.1 Name of entity
BWP GROUP

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
Registration number
ARBN
088581097

1.3 ASX issuer code
BWP

1.4 The announcement is
Update/amendment to previous announcement

1.4a Reason for update to a previous announcement
Update to include institutional and early acceptances under Retail Entitlement Offer.

1.4b Date of previous announcement to this update
14/5/2026

1.5 Date of this announcement
15/5/2026

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 2 - Type of Issue

2.1 The +securities to be quoted are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:
| Announcement Date and Time | Announcement Title | Selected Appendix 3B to submit quotation request |
| --- | --- | --- |
| 14-May-2026 16:20 | Update - Update - Proposed issue of securities - BWP | An accelerated offer (institutional) |

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
Yes

2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B
| Issue of remaining securities under Retail Entitlement Offer |
| --- |

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Institutional Securities

ASX +security code and description
BWP : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES

Issue date
18/5/2026

Issue details

Number of +securities to be quoted
33,437,744

Issue currency
Asur price or consideration per +security
AUD - Australian Dollar
AUD 3.77000000

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

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)

ASX +security code and description	Total number of +securities on issue
BWP : FULLY PAID ORDINARY/UNITS STAPLED SECURITIES	758,170,400

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

ASX +security code and description	Total number of +securities on issue
BWPAL : UNITS FULLY PAID DEFERRED	60,404,593
BWPAA : RIGHTS	261,296

Appendix 2A - Application for quotation of securities