EQ RESOURCES LIMITED — Major Shareholding Notification 2026

Feb 15, 2026

Form 604

Corporations Law Section 671B

Notice of change of interests of substantial holder

To: Company Name/Scheme EQ RESOURCES LIMITED ACN/ARSN 115 009 106

1. Details of substantial holder

Name

UBS Group AG and its related bodies corporate

ACN/ARSN (if applicable):

There was a change in the interests of the substantial holder on

The previous notice was given to the company on

12 February 2026

13 February 2026

2. Previous and present 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 when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous Notice	Previous Notice	Present Notice	Present Notice
	Person’s Votes	Voting Power (5)	Person’s Votes	Voting Power (5)
Ordinary	240,031,784	5.03%	288,986,056	6.05%

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of Change (6)	Consideration given in relation to change (7)	Class and Number of securities affected	Person’s votes affected
Please see Appendix C.

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered holder of securities	Person entitled to be registered holder(8)	Nature of relevant interest (6)	Class and number of securities	Person’s votes
UBS AG Hong Kong Branch	Various Custodians	UBS AG Hong Kong Branch	Broker has the right to use over this position under a Securities Lending agreement	4,219,819 Ordinary	4,219,819 Ordinary
UBS AG London Branch	Various Custodians	UBS AG London Branch	Power to control disposal over shares pursuant to stock borrowing and lending activities	235,517 Ordinary	235,517 Ordinary
	Citicorp Nominees Pty Ltd		Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement	80,000,000 Ordinary	80,000,000 Ordinary
UBS AG Singapore Branch	Various Custodians	UBS AG Singapore Branch	Broker has the right to use over this position under a Securities Lending agreement	8,229,614 Ordinary	8,229,614 Ordinary
UBS Securities AustraliaLtd	Brispot Nominees Pty Ltd	UBS Securities Australia Ltd	Beneficial Owner	186,750,541 Ordinary	186,750,541 Ordinary
UBS Switzerland AG	Various Custodians	UBS Switzerland AG	Power to control disposal over shares pursuant to stock borrowing and lending activities	9,550,565 Ordinary	9,550,565 Ordinary

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ ARSN (if applicable)	Nature of association
UBS AG Hong Kong Branch	Related body corporate
UBS AG London Branch	Related body corporate
UBS AG Singapore Branch	Related body corporate
UBS Securities Australia Ltd	Related body corporate
Brispot Nominees Pty Ltd	Related body corporate
UBS Switzerland AG	Related body corporate

6. Addresses

The addresses of persons named in this form are as follows:

6. Addresses The addresses of persons named in this form are as follows:
Name and ACN/ ARSN (if applicable)	Nature of association
UBS AG Hong Kong Branch	52 Floor Two International Finance Centre, 8 Finance Street, Central,HongKong
UBS AG London Branch	5 Broadgate, London, United Kingdom
UBS AG Singapore Branch	9 Penang Road 238459 , Singapore , 238459
UBS Securities Australia Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
Brispot Nominees Pty Ltd	Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia
UBS Switzerland AG	Bahnhofstrasse 45, Zürich, Switzerland

SIGNATURE

Print Name: Dominic Eichrodt Capacity: Authorised signatory Sign Here: Date: 16 February 2026 Print Name: Ruby Ko Capacity: Authorised signatory Sign Here: Date: 16 February 2026

Contact details for this notice: --------------------------------------------------------------Ruby Ko Group Compliance, Regulatory & Governance (T +852 371 22802 ---------------------------------------------------------------

Appendix A

Holder of relevant interest	UBS AG, London Branch
Type of agreement	Prime Brokerage Agreement
Parties to agreement	(i) UBS AG, London Branch (“UBS AG”) (ii) Client (Please refer to Appendix A-1.)
Transfer date	Please refer to Appendix A-1.
Holder of voting rights	UBS AG
Are there any restrictions on voting rights?	No.
If yes, detail	N/A
Scheduled return date (if any)	None.
Does the borrower have the right to return early?	Yes.
If yes, detail	The borrower (i.e. UBS AG) has the right to return at its discretion.
Does the lender have the right to recall early?	Yes.
If yes, detail	The lender (i.e. Client) can recall at its request subject to compliance with margin requirements and the terms of the relevant loan.
Will the securities be returned on settlement?	Yes.
If yes, detail any exceptions	None.

The information in this appendix is based on the relevant standard UBS agreement. A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request.

Appendix B

Holder of relevant interest	UBS Switzerland AG*
Type of agreement	Securities Lending Agreement
Parties to agreement	(i) UBS Switzerland AG (ii) Information not available
Transfer date	Information not available
Holder of voting rights	UBS Switzerland AG
Are there any restrictions on voting rights?	Please refer to the details below.
If yes, detail	None, subject to deviating agreements between the parties.
Scheduled return date (if any)	None (subject to the terms of the relevant loan)
Does the borrower have the right to return early?	Yes.
If yes, detail	The borrower has the right to return at any time (subject to the terms of the relevant loan).
Does the lender have the right to recall early?	Yes.
If yes, detail	The lender can recall at any time (subject to the terms of the relevant loan).
Will the securities be returned on settlement?	Yes.
If yes, detail any exceptions	Restitution will take place within a period which is customary at the primary exchange.

Appendix A-1

Prime Brokerage Agreement - UBS AG, London Branch

Prime Brokerage Agreement - UBS AG, London Branch
Parties to agreement	Transfer date
Pala Assets Holdings Ltd	(i) 27 January 2026
Pala Investments Holdings Ltd	(i) 12 February 2026

==> picture [396 x 510] intentionally omitted <==

----- Start of picture text -----

EQR - Appendix C
Date of change Person whose relevant interest changed Nature of Change Consideration given in relation to change Number of securities Class
11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (1,000,000) Ordinary
11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (190,530) Ordinary
11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (1,809,470) Ordinary
12-Feb-26 UBS AG Hong Kong Branch Right to borrow N/A 3,000,000 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 256,877 1,001,937 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 1,191,687 (4,709,315) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 568,526 2,296,891 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 31,559 (125,405) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 8,249,310 32,613,701 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 7,156,927 (28,337,532) Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 232,226 (897,743) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 25,790 101,136 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 397,501 1,578,702 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 375,085 (1,489,977) Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 3 (11) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 253,672 1,027,428 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 673,954 (2,669,264) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 33,536 131,515 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 9,005 36,585 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 79,935 323,620 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 35,091 141,392 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 89,713 (354,567) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 4,413 16,972 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 4,827 (18,215) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 292 1,243 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 255,739 (981,238) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 1,401,072 5,733,359 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 215,302 (851,422) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 175,546 712,802 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 124,415 498,620 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 54,867 210,955 Ordinary
12-Feb-26 UBS Securities Australia Ltd Sell 11,912 (48,179) Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 12,302 49,448 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 968,402 3,787,228 Ordinary
12-Feb-26 UBS Securities Australia Ltd Buy 2,401,696 9,173,606 Ordinary
12-Feb-26 UBS AG London Branch Rehypothecated position N/A 30,000,000 Ordinary
----- End of picture text -----