COBRE LIMITED — Director's Dealing 2025

Dec 22, 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 Cobre Limited ABN 75 626 241 067

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	Michael Addison
Date of last notice	28 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	Mr Addison is a director and beneficiary of
(including registered holder)	Danawa (Inv) Pty Ltd <Danawa Super
Note: Provide details of the circumstances giving rise to the relevantinterest.	Fund A/C>.
Date of change	22 December 2025
No. of securities held prior to change	Danawa (Inv) Pty Ltd
	<Danawa Super Fund A/C>:
	6,150,001 shares;
	1,903,847 options exercisable at $0.078
	expiring 13 August 2027; and
	538,462 options exercisable at $0.098
	expiring 2 October 2026.
	Rivonia Pty Limited ATF <Addison Family
	Trust>:
	500,000 options exercisable at $0.335
	each expiring 6 April 2026;
	500,000 options exercisable at $0.066
	each expiring 21 November 2028; and
	1,000,000 options exercisable at $0.1575
	eachexpiring28 November 2029.

• See chapter 19 for defined terms.

01/01/2011

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Appendix 3Y Change of Director’s Interest Notice

Class		Shares
Number acquired		472,622
Number disposed		Nil
Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		$43,481.22 (average price of $0.092 pershare)
No. of securities held after change		Danawa (Inv) Pty Ltd<Danawa Super Fund A/C>:6,622,623 shares;1,903,847 options exercisable at $0.078expiring 13 August 2027; and538,462 options exercisable at $0.098expiring 2 October 2026.Rivonia Pty Limited ATF <Addison FamilyTrust>:500,000 options exercisable at $0.335each expiring 6 April 2026;500,000 options exercisable at $0.066each expiring 21 November 2028; and1,000,000 options exercisable at $0.1575each expiring 28 November 2029.
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		On market purchase

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	N/A
Nature of interest
Name of registered holder(if issued securities)
Date of change

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed

Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? 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