COBRE LIMITED — Director's Dealing 2026

May 25, 2026

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	8 April 2026

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 relevant interest.	Mr Addison is a director and shareholder of both entities
Date of change	20 May 2026
No. of securities held prior to change	Danawa (Inv) Pty Ltd
:
6,622,623 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 :
500,000 options exercisable at $0.066
each expiring 21 November 2028; and
1,000,000 options exercisable at $0.1575
each expiring 28 November 2029.

Michael Addison:
1,000,000 Performance Rights |

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

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Appendix 3Y

Change of Director's Interest Notice

Class	Listed Options (ASX: CBEO)
Number acquired	500,000
Number disposed	500,000
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$100,000
No. of securities held after change	Danawa (Inv) Pty Ltd
: 6,622,623 shares; 1,903,847 options exercisable at $0.078 expiring 13 August 2027; 538,462 options exercisable at $0.098 expiring 2 October 2026; and 500,000 options exercisable at $0.066 each expiring 21 November 2028.
Rivonia Pty Limited ATF : 1,000,000 options exercisable at $0.1575 each expiring 28 November 2029.
Michael Addison: 1,000,000 Performance Rights
Nature of change
Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	Off market Transfer of listed CBEO options between entities. No change In beneficial ownership.

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.

Appendix 3Y Page 2

01/01/2011

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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 above traded during a +closed period where prior written clearance was required?	No
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