COMET RIDGE LIMITED — Share Issue/Capital Change 2025

May 25, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

COMET RIDGE LIMITED

Date of this announcement

Monday May 26, 2025

The +securities the subject of this notification are: Other

Total number of +securities to be issued/transferred

Total number of ASX +security +securities to be code Security description issued/transferred Issue date New class - code Warrants Ex $0.16 55,000,000 26/05/2025 to be confirmed

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

COMET RIDGE LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 47106092577

1.3 ASX issuer code

COI

1.4 The announcement is

New announcement

1.5 Date of this announcement

26/5/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Other

Please specify

55,000,000 Warrants ex at $0.16

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class)

New +securities

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed Warrants Ex $0.16+Security type ISIN codeOtherDate the +securities the subject of this notification were issued26/5/2025Will all the +securities issued in this class rank equally in all respects from their issue date?YesPlease provide a URL link for a document lodged with ASX setting out the material terms of the +securities beingissued.https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02948802-2A1597603&v=04711220c3a57065317ba4efca4a3459a4e46882Any other information the entity wishes to provide about the +securities the subject of this notification----- End of picture text -----

Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B

The Warrants which are new securities, the subject of this Appendix 3G have previously been referenced in the Appendix 3B lodged 21 May 2025, which can be found at the following location: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02948796-2A1597601&v=04711220c3a 57065317ba4efca4a3459a4e46882

Issue details

Number of +securities

55,000,000

Were the +securities issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

In consideration of the refinance of the $9.5 million debt facility granted by Pure Asset Management Pty Ltd the details of which are contained in the announcement dated 21 May 2025.

Purpose of the issue

Other

Additional Details

Refinance of existing debt facility.

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
COI : ORDINARY FULLY PAID	1,196,438,720

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

	Total number of
ASX +security code and description	+securities on issue
COIAP : WARRANTS EX $0.165	39,393,939
COIAQ : WARRANTS	22,727,273
New class - code to be confirmed : Warrants Ex $0.16	55,000,000

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 55,000,000

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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