HAWSONS IRON LTD — Capital/Financing Update 2026

May 5, 2026

ASX: HIO 6 May 2026

AWSONS

Hawsons Receives Interest from KfW IPEX for Strategic Debt Funding

Highlights

• Hawsons Iron Limited (Hawsons or the Company) has received a non-binding debt funding Expression of Interest (EOI) from major European lender - KfW IPEX.
• The EOI offers support for financing regarding the export of German mining equipment for the Hawsons Iron Project and leverages off established relations with German suppliers.

Hawsons is pleased to announce that it has received an Expression of Interest ('EOI') from KfW IPEX for the financing of German mining and processing equipment for the Hawsons Iron Project. KfW IPEX is a specialist in international project and export finance within the German KfW Banking Group, focused on renewable energy, infrastructure and industrial financing.

The EOI confirms KfW IPEX's general interest in supporting the export supply phase of the Hawsons Iron Project through structured financing solutions, specifically utilising export credit agency backed financing under the coverage of Euler Hermes, the official export credit agency of the Federal Republic of Germany.

The EOI provides for an indicative financing of 85% of eligible mining and processing equipment exports. Hawsons is currently evaluating a range of German equipment including crushers, vertical roller mills, magnetic separators, conveyors and filters. Discussions have also commenced on expanding this to include specialist construction and commissioning support contracts.

Based on the Hawsons Iron Project Pre-feasibility Study¹, the potential capital expenditure on German equipment exports is in the order of $AU 1.37B, representing around 31% of the total Project funding requirement of $AU 4.43B. A finance facility resulting from the KfW IPEX EOI would form a material component of the broader Project debt financing package.

KfW IPEX's participation in financing the Hawsons Iron Project is subject to the outcome of the detailed technical and financial appraisal of the Project which includes, but not limited, to the following:

• All requested information being available including the Final Feasibility Study;
• The results of further due diligence and a project appraisal being satisfactory to KfW;
• Financing minimum debt amount is met (> EUR 100m);
• KfW IPEX board approving the loan;
• Participation of a strong industrial sponsor;
• The loan documentation of the Project being satisfactory to KfW IPEX;

¹ Refer to ASX Announcement "Hawsons Declares 2.3Bt Probable Ore Reserve Estimate and Completes the Pre-Feasibility Study"

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ASX: HIO 6 May 2026

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• Export Credit Agency granting cover for the financing;
• All permits, domestic and foreign, required for the conclusion and implementation of the loan agreement being granted, and
• Compliance with all relevant international ESG standards, like the Equator Principles, the IFC Performance Standards and Industry Specific Environmental, Health and Safety Guidelines (EHS Guidelines) to the extent applicable.

Hawsons' Managing Director, Tom Revy commented “The expression of interest from KfW IPEX is an important milestone in the advancement of the Company’s financing strategy. It highlights increasing international lender confidence in the Hawsons Iron Project and positions the Company strongly as we progress funding discussions with strategic partners.

Hawsons' Project finance advisors, Cutfield Freeman & Co, commented “We view the expression of interest from KfW IPEX as a strong vote of confidence in Hawson’s financing strategy and in the long-term, strategic nature of the Hawson Iron Magnetite Project. German equipment will form the backbone of Hawson’s development plan and the support of KfW and Euler Hermes has the potential to play an integral part of the project financing”.

About KfW IPEX

KfW IPEX is a leading international project and export finance bank, headquartered in Frankfurt, Germany, and a wholly owned subsidiary of KfW Group. The bank specialises in providing medium- to long-term financing for infrastructure, energy, mining and industrial projects worldwide, with a strong focus on supporting German and European exports. KfW IPEX plays a key role in financing sustainable and resource-efficient projects, leveraging its deep sector expertise and strong relationships with sponsors, governments and financial institutions globally.

Head Office

Level 3
410 Queen Street
Brisbane QLD 4000
Phone: +61 7 3554 1003
Website: www.hawsons.com.au

Share Registry

MUFG Corporate Markets
10 Eagle Street Brisbane
Brisbane QLD 4000
Phone: 1300 554 474

This announcement is authorised by the Board.

For further information contact:

Tom Revy
Managing Director
tom.revy@hawsons.com.au
+61 411 475 376

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