HYDRIX LIMITED — Share Issue/Capital Change 2026

May 17, 2026

Appendix 3B - Proposed issue of securities

Announcement Summary

Entity name
HYDRIX LIMITED

Announcement Type
New announcement

Date of this announcement
18/5/2026

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	Options exercisable at $0.01, expiring 30 June 2029	150,000,000
HYD	ORDINARY FULLY PAID	25,000,000

Proposed +issue date
31/7/2026

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

HYDRIX LIMITED

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

060369048

1.3 ASX issuer code

HYD

1.4 The announcement is

New announcement

1.5 Date of this announcement

18/5/2026

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	31/7/2026	Estimated	No

Comments

Approval/Condition	Date for determination	Is the date estimated or actual?	** Approval received/condition met?
Other (please specify in comment section)	18/6/2026	Estimated	No

Comments
Minimum of 8 million AUD to be raised under Entitlement Offer.

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
HYD : ORDINARY FULLY PAID

Number of +securities proposed to be issued
25,000,000

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

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Please describe the consideration being provided for the +securities

Shares are being issued as part consideration of services provided by the Lead Manager to the Entitlement Offer, as a success fee where a minimum of $8 million is raised under the Entitlement Offer.

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

0.005000

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?

Yes

ASX +security code	+Security description
New class-code to be confirmed	Options exercisable at $0.01, expiring 30 June 2029

+Security type

Options

Number of +securities proposed to be issued

150,000,000

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

Options are being issued as part consideration of services provided by the Lead Manager to the Entitlement Offer, on the basis of 1 Option for every 10.910753 Shares issued under the shortfall bookbuilds and shortfall offer, as a success fee where a minimum of $8 million is raised under the Entitlement Offer (capped at 150 million Options).

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

0.001000

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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

Options details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.0100	30/6/2029

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

Number of securities that will be issued if the option is exercised
One fully paid ordinary share (ASX:HYD)

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.
Refer to Section 6.2 of Prospectus dated 18 May 2026

Part 7C - Timetable

7C.1 Proposed +issue date
31/7/2026

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?
Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
31/7/2026

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?
Yes

7D.4a Please enter the number and +class of the +securities subject to +voluntary escrow and the date from which they will cease to be subject to +voluntary escrow
50% of all Options and Shares issued to the Lead Manager will be subject to voluntary escrow for 12 months from their date of issue.

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue?
No

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
Legal expenses and ASX quotation fees.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities
As consideration for services provided by the Lead Manager to the Entitlement Offer.

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

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 +disclosure document or +PDS for the +securities proposed to be issued

Appendix 3B - Proposed issue of securities