ELEMENT 25 LIMITED — Director's Dealing 2026

Jun 1, 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	Element 25 Limited
ABN	46 119 711 929

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	Justin Brown
Date of last notice	26 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 | (a) Direct
(b) Indirect
(c) Indirect
(d) Indirect |
| --- | --- |
| Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest. | (a) Mr Justin Colin Brown
(b) Held by Aradia Ventures Pty Ltd , a company associated with Mr Brown
(c) Held by Mr Brown’s spouse
(d) Held by Aradia SF Pty Ltd , a company associated with Mr Brown |
| Date of change | 27 May 2026 |

• 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

| No. of securities held prior to change | (a) 148,215 Ordinary fully paid shares
(b) 8,057,206 Ordinary fully paid shares, 500,000 Unlisted options ($1.58, expiry 25/11/2027), 500,000 Unlisted options ($0.67, expiry 27/11/2028) 1,509,156 Performance rights
(c) 98,215 Ordinary fully paid shares
(d) 971,827 Ordinary fully paid shares |
| --- | --- |
| Class | Fully paid ordinary shares |
| Number acquired | (a) Nil
(b) Nil
(c) Nil
(d) 500,000 |
| Number disposed | (a) Nil
(b) 500,000
(c) Nil
(d) Nil |
| Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation | $Nil |
| No. of securities held after change | (a) 148,215 Ordinary fully paid shares
(b) 7,557,206 Ordinary fully paid shares, 500,000 Unlisted options ($1.58, expiry 25/11/2027), 500,000 Unlisted options ($0.67, expiry 27/11/2028) 1,509,156 Performance rights
(c) 98,215 Ordinary fully paid shares
(d) 1,471,827 Ordinary fully paid shares |
| 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 |

• 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

(e) 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	Not applicable
Nature of interest	Not applicable
Name of registered holder (if issued securities)	Not applicable
Date of change	Not applicable
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	Not applicable
Interest acquired	Not applicable
Interest disposed	Not applicable
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable
Interest after change	Not applicable

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?	Not applicable
If prior written clearance was provided, on what date was this provided?	Not applicable

Authorised for release by:

Michael Jordon

Company Secretary

01 June 2026

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3