FBR LTD — Share Issue/Capital Change 2026

Mar 19, 2026

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

FBR LTD

Announcement Type

New announcement

Date of this announcement

Friday March 20, 2026

The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
FBR	ORDINARY FULLY PAID	18,850,088	20/03/2026

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

FBR LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

Registration number

ACN 090000276

1.3 ASX issuer code

FBR

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/3/2026

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details: Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 13-Mar-2026 19:29 New - Proposed issue of securities - A placement or other type of issue FBR

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? No

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Appendix 2A - Application for quotation of securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description FBR : ORDINARY FULLY PAID

Issue date 20/3/2026

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

Total percentage of +securities held Number of +securities held Number of holders For example, to enter a value of 50% please input as 50.00 1 - 1,000 % 1,001 - 5,000 % 5,001 - 10,000 % 10,001 - 100,000 % 100,001 and over %

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

9,959,419

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Services provided by Peak Asset Management in relation to corporate advisory services and a facilitation and introduction fee in relation to the GEM Facility

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.003585

Any other information the entity wishes to provide about the +securities to be quoted

The total quantity of shares issued has increased from the Appendix 3B as the amount of fees being settled in shares increased

ASX +security code and description

FBR : ORDINARY FULLY PAID

Issue date

20/3/2026

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

8,890,669

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

Services provided by Peak Asset Management in relation to corporate advisory services and a facilitation and introduction fee in relation to the GEM Facility

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.003600

Any other information the entity wishes to provide about the +securities to be quoted

The total quantity of shares issued has increased from the Appendix 3B as the amount of fees being settled in shares increased

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
FBR : ORDINARY FULLY PAID	6,876,200,605
4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)
	Total number of
ASX +security code and description	+securities on issue
FBRAM : PERFORMANCE RIGHTS EXPIRING 31-JUL-2026	914,155
FBRAP : PERFORMANCE RIGHTS EXPIRING 31-JUL-2029	75,000,000
FBRAQ : OPTION EXPIRING 08-AUG-2028 EX $0.01	450,000,000

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

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