GLOBAL MASTERS FUND LIMITED — Director's Dealing 2026

May 20, 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 30/9/2001.

Name of entity: GLOBAL MASTERS FUND LIMITED
ABN	84 109 047 618

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	Jason Pohl
Date of last notice	21 February 2023

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	Indirect
Nature of indirect interest (including registered holder)
Note: Provide details of the circumstances giving rise to the relevant interest.	Director of Milkshake Management Pty Ltd
Date of change	20 May 2026
No. of securities held prior to change	Ordinary Shares
Direct = Nil
Indirect = 1,000
Convertible Notes
Direct = Nil
Indirect = 6,452
Class	Ordinary Shares
Number acquired	3,000
Number disposed	Nil
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation	$8,430.00

• See chapter 19 for defined terms.
  11/3/2002
  Appendix 3Y Page 1

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Appendix 3Y

Change of Director’s Interest Notice

| No. of securities held after change | Ordinary Shares
Direct = Nil
Indirect = 4,000

Convertible Notes
Direct = Nil
Indirect = 6,452 |
| --- | --- |
| 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 |

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	N/A
Nature of interest
Name of registered holder (if issued securities)
Date of change
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
Interest acquired
Interest disposed
Value/Consideration
Note: If consideration is non-cash, provide details and an estimated valuation
Interest after change

• See chapter 19 for defined terms.

Appendix 3Y Page 2

11/3/2002