CULLEN RESOURCES LIMITED — Capital/Financing Update 2024

Aug 22, 2024

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ABN 46 006 045 790

www.cullenresources.com.au ASX Symbol: CUL 23 August 2024

Results of Non-Renounceable Rights Issue – Notification of Shortfall

Cullen Resources Limited (“the Company”) is pleased to announce that the amount raised through acceptances of Entitlements and Applications for Shortfall Shares under the Rights Issue, announced on 22 July 2024, totals $739,372. The rights issue closed on 16 August 2024.

Acceptances of Entitlements for a total of 69,810,370 New Shares raised $418,863 which left a shortfall of 120,248,262 New Shares.

A number of shareholders who accepted their Entitlement also applied for Shortfall Shares under the offer with the Company receiving applications for a total of 53,418,245 Shortfall Shares which will see 53,418,245 new shares being issued raising $320,509.

In aggregate therefore, on 23 August 2024 the Company will issue 123,228,615 New Shares to eligible shareholders raising $739,372.

The Company wishes to thank shareholders for their on-going support.

Authorised for release by the Board.

Wayne Kernaghan Company Secretary

__________________________________________________________________________________ Unit 4, 7 Hardy Street South Perth | Western Australia 6151 Telephone: +61 8 9474 5511 | Facsimile: +61 8 9474 5588 E-mail: cullen@cullenresources.com.au Website: www.cullenresources.com.au