ELEMENT 25 LIMITED — Share Issue/Capital Change 2021

Nov 22, 2021

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ASX ANNOUNCEMENT 23 NOVEMBER 2021

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Element 25 Limited ( E25 or Company ) ( ASX:E25 ) advises that a total of 3,800,000 fully paid ordinary shares ( Shares ) have been issued upon the exercise of unlisted options.

A completed Appendix 2A has been lodged together with this announcement.

Notice under Under Section 708A(5)(e) of the Corporations Act 2001

In respect of the Shares, E25 gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) of the following:

1. The Shares were issued without disclosure under Part 6D.2 of the Act;

2. As at the date of this notice, the Company has complied with:

3. a. the provisions of Chapter 2M of the Act as they apply to the Company; and

4. b. section 674 of the Act; and

5. As at the date of this notice, there is no information to be disclosed which is excluded

information (as defined in section 708A(7) of the Act) that is reasonable for investors and their professional advisers to expect to find in a disclosure document.

This announcement is authorised for market release by the Company’s Board of Directors.

Justin Brown

Managing Director

Company information, ASX announcements, investor presentations, corporate videos and other investor material in the Company’s projects can be viewed at: http://www.element25.com.au.

Market Summary Board of Directors: ASX code: E25 Seamus Cornelius Chairman Shares on issue: 153M Justin Brown MD Share price: $1.15 John Ribbons NED

Element 25 Limited is developing the world class Butcherbird Manganese Project in Western Australia to produce high quality manganese concentrate and high purity manganese products for traditional and new energy markets.

Element 25 Limited