ELEVRA LITHIUM LIMITED — Major Shareholding Notification 2026

Mar 25, 2026

603 page 1/2

15 July 2001

Form 603

Corporations Act 2001 Section 671B

To Company Name/Scheme ACN/ARSN 1. Details of substantial holder (1) Name ACN/ARSN (if applicable) The holder became a substantial holder on	Notice of initial substantial holder Elevra Lithium Limited 091 951 978
	Vanguard Group (The Vanguard Group, Inc. and its controlled entities including those
	listed in Annexure A)
	N/A
	20 March 2026

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person’s votes (5)	Voting power (6)
Ordinary	9,055,344	9,055,344	5.346%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

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Holder of relevant interest Nature of relevant interest (7) Class and number of securities
Vanguard Group Vanguard Group is the manager of various Mutual funds and Ordinary – 9,055,344
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accounts and in that capacity has the power to dispose of the shares. The other members of Vanguard Group have a relevant interest under section 608(3) of the Corporations Act.

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered as holder (8)	Class and number of securities
Vanguard Group	Brown Brothers Harriman	Various funds and other accounts of Vanguard Group	Ordinary – 131,630
Vanguard Group	BNY Mellon	Various funds and other accounts of Vanguard Group	Ordinary – 722,833
Vanguard Group	JP Morgan Chase Bank, N.A.	Various funds and other accounts of Vanguard Group	Ordinary – 6,517,414
Vanguard Group	State Street Bank and Trust Company	Various funds and other accounts of Vanguard Group	Ordinary – 1,650,167
Vanguard Personalized Indexing Management LLC	Various Others	Various funds and other accounts of Vanguard Group	Ordinary – 33,300

External Use Authorized

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the

substantial holder became a substantial holder is as follows:

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Holder of relevant interest Date of acquisition Consideration (9) Class and number of securities
See Annexure A
603 page 2/2 15 July 2001
6. Associates
The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:
Name and ACN/ARSN (if applicable) Nature of association
N/A N/A
7. Addresses
The addresses of persons named in this form are as follows:
Name Address
Vanguard Group P.O. Box 2600, V26 Valley Forge, PA 19482 USA
print name Shawn Acker capacity Compliance Manager
sign here date 25 March 2026
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External Use Authorized

	DIRECTIONS
(1)	If there are a number of substantial holders with similar or related interests (eg. a corporation and its related corporations, or the
	manager and
	trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are
	essentially
	similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names
	and addresses
	of members is clearly set out in paragraph 7 of the form.
(2)	See the definition of “associate” in section 9 of the Corporations Act 2001.
(3)	See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.
(4)	The voting shares of a company constitute one class unless divided into separate classes.
(5)	The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person
	or an
	Associate has a relevant interest in.
(6)	The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.
(7)	Include details of:
	(a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a
	copy of
	any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate
	details of any contract,
	scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or
	arrangement; and
	(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers
	or disposal of the
	securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).
	See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.
(8)	If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write
	“unknown”.
(9)	Details of the consideration must include any and all benefits, moneys and other, that any person from whom a relevant interest has
	acquired has, or
	may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the
	happening or not of a
	contingency. Details must be included of any benefit paid on behalf of the substantial holder of its associate in relation to the
	acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

External Use Authorized

Annexure A

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To Company Elevra Lithium Limited
ACN/ARSN 091 951 978
Substantial Holder Name Vanguard Group
ACN/ARSN N/A
Consideration
Nature of given in relation Number of securities Person's votes
Date of change Person whose relevant interest changed Change(6) to change(7) Class affected affected
4-Dec-2025 The Vanguard Group, Inc. BUY 5.74 Ordinary 51,876 51,876
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 21,265 21,265
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 967 967
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 111,215 111,215
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 5,052 5,052
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 25,464 25,464
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 1,157 1,157
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 58,265 58,265
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 2,647 2,647
19-Dec-2025 The Vanguard Group, Inc. SELL 7.31 Ordinary (11,528) (11,528)
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 30,148 30,148
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 1,370 1,370
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 3,048 3,048
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 140 140
19-Dec-2025 The Vanguard Group, Inc. BUY 7.27 Ordinary 4,274 4,274
19-Dec-2025 The Vanguard Group, Inc. BUY 7.31 Ordinary 195 195
24-Dec-2025 The Vanguard Group, Inc. BUY 8.14 Ordinary 285 285
30-Dec-2025 The Vanguard Group, Inc. BUY 8.17 Ordinary 993 993
3-Feb-2026 The Vanguard Group, Inc. BUY 6.78 Ordinary 519 519
9-Feb-2026 The Vanguard Group, Inc. SELL 7.19 Ordinary (3,801) (3,801)
10-Feb-2026 The Vanguard Group, Inc. BUY 7.62 Ordinary 10,565 10,565
12-Feb-2026 The Vanguard Group, Inc. SELL 8.08 Ordinary (27,743) (27,743)
27-Feb-2026 The Vanguard Group, Inc. BUY 8.16 Ordinary 100,320 100,320
4-Mar-2026 The Vanguard Group, Inc. BUY 7.38 Ordinary 5,106 5,106
5-Mar-2026 The Vanguard Group, Inc. BUY 7.39 Ordinary 412 412
20-Mar-2026 The Vanguard Group, Inc. BUY 6.82 Ordinary 25,939 25,939
20-Mar-2026 The Vanguard Group, Inc. SELL 6.82 Ordinary (15,494) (15,494)
20-Mar-2026 The Vanguard Group, Inc. BUY 6.82 Ordinary 34,726 34,726
20-Mar-2026 The Vanguard Group, Inc. BUY 6.82 Ordinary 18,787 18,787
20-Jan-2026 Vanguard Investments Australia Ltd. BUY 8.78 Ordinary 42,455 42,455
21-Jan-2026 Vanguard Investments Australia Ltd. BUY 9.39 Ordinary 49,531 49,531
22-Jan-2026 Vanguard Investments Australia Ltd. BUY 9.62 Ordinary 49,531 49,531
23-Jan-2026 Vanguard Investments Australia Ltd. BUY 9.80 Ordinary 49,531 49,531
27-Jan-2026 Vanguard Investments Australia Ltd. BUY 9.45 Ordinary 20,692 20,692
28-Jan-2026 Vanguard Investments Australia Ltd. BUY 8.32 Ordinary 56,608 56,608
29-Jan-2026 Vanguard Investments Australia Ltd. BUY 7.57 Ordinary 113,362 113,362
30-Jan-2026 Vanguard Investments Australia Ltd. BUY 7.05 Ordinary 49,532 49,532
2-Feb-2026 Vanguard Investments Australia Ltd. BUY 6.56 Ordinary 49,532 49,532
3-Feb-2026 Vanguard Investments Australia Ltd. BUY 6.77 Ordinary 42,455 42,455
4-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.02 Ordinary 42,455 42,455
5-Feb-2026 Vanguard Investments Australia Ltd. BUY 6.98 Ordinary 42,455 42,455
6-Feb-2026 Vanguard Investments Australia Ltd. BUY 6.57 Ordinary 28,303 28,303
9-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.14 Ordinary 42,455 42,455
10-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.65 Ordinary 38,209 38,209
11-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.85 Ordinary 42,455 42,455
12-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.99 Ordinary 35,379 35,379
13-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.50 Ordinary 39,625 39,625
16-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.40 Ordinary 38,209 38,209
17-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.56 Ordinary 42,455 42,455
18-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.88 Ordinary 39,625 39,625
19-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.85 Ordinary 42,455 42,455
20-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.59 Ordinary 46,701 46,701
23-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.33 Ordinary 42,455 42,455
24-Feb-2026 Vanguard Investments Australia Ltd. BUY 7.78 Ordinary 50,946 50,946
25-Feb-2026 Vanguard Investments Australia Ltd. BUY 8.37 Ordinary 56,607 56,607
26-Feb-2026 Vanguard Investments Australia Ltd. BUY 8.37 Ordinary 42,455 42,455
27-Feb-2026 Vanguard Investments Australia Ltd. BUY 8.21 Ordinary 56,607 56,607
27-Feb-2026 Vanguard Investments Australia Ltd. BUY 8.16 Ordinary 71,409 71,409
27-Feb-2026 Vanguard Investments Australia Ltd. BUY 8.16 Ordinary 240,502 240,502
2-Mar-2026 Vanguard Investments Australia Ltd. BUY 8.05 Ordinary 42,455 42,455
3-Mar-2026 Vanguard Investments Australia Ltd. BUY 7.87 Ordinary 79,648 79,648
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External Use Authorized

Annexure A

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Consideration
Nature of given in relation Number of securities Person's votes
Date of change Person whose relevant interest changed Change(6) to change(7) Class affected affected
20-Mar-2026 Vanguard Investments Australia Ltd. BUY 6.82 Ordinary 1,249,129 1,249,129
20-Mar-2026 Vanguard Investments Australia Ltd. BUY 6.82 Ordinary 76,238 76,238
1-Dec-2025 Vanguard Personalized Indexing Management BUY 38.02 ADR 13 13
1-Dec-2025 Vanguard Personalized Indexing Management BUY 38.02 ADR 13 13
1-Dec-2025 Vanguard Personalized Indexing Management BUY 38.03 ADR 13 13
2-Dec-2025 Vanguard Personalized Indexing Management BUY 37.61 ADR 37 37
7-Jan-2026 Vanguard Personalized Indexing Management BUY 59.61 ADR 9 9
6-Feb-2026 Vanguard Personalized Indexing Management BUY 46.50 ADR 11 11
9-Feb-2026 Vanguard Personalized Indexing Management BUY 52.19 ADR 11 11
17-Feb-2026 Vanguard Personalized Indexing Management BUY 53.97 ADR 88 88
17-Feb-2026 Vanguard Personalized Indexing Management BUY 53.43 ADR 10 10
18-Feb-2026 Vanguard Personalized Indexing Management BUY 56.79 ADR 125 125
23-Feb-2026 Vanguard Personalized Indexing Management BUY 51.66 ADR 10 10
24-Feb-2026 Vanguard Personalized Indexing Management BUY 56.15 ADR 10 10
2-Mar-2026 Vanguard Personalized Indexing Management BUY 57.47 ADR 8 8
2-Mar-2026 Vanguard Personalized Indexing Management BUY 57.95 ADR 65 65
4-Mar-2026 Vanguard Personalized Indexing Management BUY 52.43 ADR 18 18
9-Mar-2026 Vanguard Personalized Indexing Management BUY 50.53 ADR 19 19
10-Mar-2026 Vanguard Personalized Indexing Management BUY 54.67 ADR 10 10
13-Mar-2026 Vanguard Personalized Indexing Management BUY 52.05 ADR 10 10
16-Mar-2026 Vanguard Personalized Indexing Management BUY 51.39 ADR 20 20
16-Mar-2026 Vanguard Personalized Indexing Management BUY 51.78 ADR 10 10
19-Mar-2026 Vanguard Personalized Indexing Management BUY 42.91 ADR 11 11
20-Mar-2026 Vanguard Personalized Indexing Management BUY 44.84 ADR 11 11
20-Mar-2026 Vanguard Personalized Indexing Management BUY 45.15 ADR 11 11
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This is Annexure A of 2 pages referred to in Form 603, Notice of initial substantial holder.

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Signature: Name: Shawn Acker Capacity: Compliance Manager Date: 25 March 2026

External Use Authorized