HARVEST TECHNOLOGY GROUP LTD — Share Issue/Capital Change 2026

May 26, 2026

Appendix 3B - Proposed issue of securities

Announcement Summary

Entity name
HARVEST TECHNOLOGY GROUP LTD

Announcement Type
New announcement

Date of this announcement
27/5/2026

The Proposed issue is:
A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

ASX +security code	+Security description	Maximum Number of +securities to be issued
New class-code to be confirmed	Unlisted options expiring 2 years from date of issue with exercise price of $0.02	120,000,000
HTG	ORDINARY FULLY PAID	650,000,000

Proposed +issue date
3/6/2026

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

HARVEST TECHNOLOGY GROUP LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

149970445

1.3 ASX issuer code

HTG

1.4 The announcement is

New announcement

1.5 Date of this announcement

27/5/2026

1.6 The Proposed issue is:

A placement or other type of issue

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis?
Yes

7A.1a Conditions

Approval/Condition	Date for determination	Is the date estimated or actual?	** Approval received/condition met?
+Security holder approval	16/7/2026	Estimated

Comments

300,000,000 New Shares, comprising 179,812,278 New Shares will be issued under the LR7.1 placement capacity and 120,187,722 New Shares will be issued under the LR7.1A placement capacity (Tranche 1). The Tranche 1 New Shares are expected to be issued on or about 3 June 2026. Tranche 2 New Shares totalling 350,000,000 and 120,000,000 unlisted Lead Manager options will be issued subject to shareholder approval at a general meeting expected to be held in July 2026. Refer to ASX announcement dated 27 May 2026 for further details.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
Existing class

Will the proposed issue of this +security include an offer of attaching +securities?
No

Details of +securities proposed to be issued

ASX +security code and description
HTG : ORDINARY FULLY PAID

Number of +securities proposed to be issued
650,000,000

Offer price details
Are the +securities proposed to be issued being issued for a cash consideration?
Yes

In what currency is the cash consideration being paid?
AUD - Australian Dollar

What is the issue price per +security?
AUD 0.01000

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)?
New class

Will the proposed issue of this +security include an offer of attaching +securities?
No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No

Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No

ASX +security code	+Security description
New class-code to be confirmed	Unlisted options expiring 2 years from date of issue with exercise price of $0.02

+Security type

Options

Number of +securities proposed to be issued
120,000,000

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration?
No

Please describe the consideration being provided for the +securities
Part of the Lead Manager mandate remuneration is satified through the issue of 120,000,000 unlisted options.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Options details

+Security currency
Exercise price
Expiry date
AUD - Australian Dollar
AUD 0.0200

Details of the type of +security that will be issued if the option is exercised
HTG : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised
120,000,000

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
Please refer to the ASX Announcement lodged on 27 May 2026.

Part 7C - Timetable

7C.1 Proposed +issue date
3/6/2026

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1?
No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?
Yes

7D.1b (i) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?
179,812,278 fully paid ordinary shares

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)?
Yes

7D.1c (i) How many +securities are proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A?
120,187,722 fully paid ordinary shares

7D.1c (ii) Please explain why the entity has chosen to do a placement rather than a +pro rata issue or an offer under a +security purchase plan in which existing ordinary +security holders would have been eligible to participate
A placement was chosen as it was considered the most cost-efficient and expedient method available to the Company at the time for raising the funds required to achieve the Company's objectives, given the funding certainty and the pricing achieved under the Placement.

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue?
No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?
No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow?

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue?
Yes

7E.1a Who is the lead manager/broker?
Alpine Capital acted as Lead Manager to the Placement.

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?
The Lead Manager will receive a cash fee of 6% of the funds raised as well as 120,000,000 unlisted options, which are subject to shareholder approval.

7E.2 Is the proposed issue to be underwritten?
No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

Funds will be primarily utilised for:
- Go-to-Market Defence Strategy;
- Defence readiness and compliance initiatives;
- Expansion of Nodestream;
- Corporate and operational working capital; and
- Costs of the Placement

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds?
No

7F.2 Any other information the entity wishes to provide about the proposed issue

The 350,000,000 Tranche 2 New Shares and the 120,000,000 unlisted options to the Lead Manager, will be issued subject to shareholder approval at a general meeting expected to be held in July 2026.

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of:
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Appendix 3B - Proposed issue of securities