DELTA LITHIUM LIMITED — Share Issue/Capital Change 2026

May 10, 2026

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

Announcement Summary

Entity name
DELTA LITHIUM LIMITED

Date of this announcement
Monday May 11, 2026

The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX
Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
DLIAJ	PERFORMANCE RIGHTS	8,730,000	08/05/2026

Refer to next page for full details of the announcement

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

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

Part 1 - Entity and announcement details

1.1 Name of entity
DELTA LITHIUM 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
67107244039

1.3 ASX issuer code
DLI

1.4 The announcement is
New announcement

1.5 Date of this announcement
11/5/2026

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

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:
has an existing ASX security code ("existing class")

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

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code and description
DLIAJ : PERFORMANCE RIGHTS

Date the +securities the subject of this notification were issued
8/5/2026

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class
Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate?
Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Peter Gilford	Peter Gilford ATF The Sweetpea Trust	3,000,000

Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

A summary of the Performance Rights and Options Plan which was approved by shareholders on 27 November 2025 can be found at the below link
https://deltalithium.com.au/announcements/7231235

Any other information the entity wishes to provide about the +securities the subject of this notification

Performance Rights are subject to the following conditions
-2,910,000 performance rights vest upon the 5 day Volume Weighted Average Price (VWAP) of shares in DLI exceeding 35 cents by no later than 30 June 2029;
-2,910,000 performance rights vest upon the 5 day Volume Weighted Average Price (VWAP) of shares in DLI exceeding 50 cents by no later than 30 June 2029;
-2,910,000 performance rights vest upon the first production of lithium ore or lithium concentrate from any of the companies projects prior to 30 June 2029.

Issue details

Number of +securities
8,730,000

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

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

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)

ASX +security code and description	Total number of +securities on issue
DLI : ORDINARY FULLY PAID	717,363,042

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

ASX +security code and description	Total number of +securities on issue
DLIAJ : PERFORMANCE RIGHTS	18,299,998
DLIAB : OPTION EXPIRING 26-NOV-2027 EX $0.40	2,000,000

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

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

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?
Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2
13

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