CARMA LIMITED — Director's Dealing 2025

Dec 18, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Carma Limited

ABN 20648091418

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Owen Wilson
Date of last notice	5 November 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	Owen Wilson as trustee for Blue ChipInvestment Trust
Date of change	16 & 17 December 2025
No. of securities held prior to change	Direct Interestin 14,815 rights under theCarma Limited rights planIndirect Interestin 332,397 ordinaryshares:(a) 324,989 shares held as trustee forthe Blue Chip Investment Trust;(b) 7,408 shares held as trustee for theBlue Chip Investment Trust 2
Class	Ordinary Shares
Number acquired	20,000
Number disposed	Nil

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation	rovide details a	nd estimated	$34	,303 (average o	f $1.715 per	share)
No. of securities held after change			Direct Interest:14,815 rights under the Carma Limitedrights planIndirect Interestin 352,397 ordinaryshares:(a) 344,989 shares held as trustee forthe Blue Chip Investment Trust;(b) 7,408 shares held as trustee for theBlue Chip Investment Trust 2
Nature of changeExample: on-market trade, off-market trade, exercise of options,issue of securities under dividend reinvestment plan, participation inbuy-back			On-market purchases

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Detail of contract	Detail of contract	N//A	N//A
Nature of interest
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
	s are only required for a chich the interest has changed	ontract in
Interest a	cquired
Interest d
	isposed
Value/CoNote: If conand an estim	nsideration
	sideration is non-cash, provated valuation	ide details

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above	No, the board approved a
traded during a+closed period where prior written clearance was	trading window under clause
required?	3.1(e) of the Securities Trading
	Policy following the release of
	Carma’s ASX announcement
	Retail Deliveries Update on 12
	December 2025. The trading
	windowopenedon12
	December 2025 and will close
	on 31 December 2025.
If so, was prior written clearance provided to allow the trade to
proceed during this period?
If prior written clearance was provided, on what date was this
provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3