HYDROCARBON DYNAMICS LIMITED — Major Shareholding Notification 2024

Nov 17, 2024

604 page 1/2 15 July 2001

Form 604

Corporations Act 2001 Section 671B

Notice of change of interests of substantial holder

Hydrocarbon Dynamics Limited

To Company Name/Scheme ACN/ARSN 75 117 387 354

1. Details of substantial holder(1)

Name

Stephen Mitchell

ACN/ARSN (if applicable) There was a change in the interests of the substantial holder on 18/11/24 The previous notice was given to the company on 18/05/2023 The previous notice was dated 18/05/2023

2. Previous and present voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

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----- Start of picture text ----- Class of securities (4) Previous notice Present noticePerson’s votes Voting power (5) Person’s votes Voting power (5)Ordinary Shares 95,748,372 14.74% 119,081,702 12.83%Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of thecompany or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:Date of Person whose Nature of Consideration given Class and number Person’s voteschange relevant interest change (6) in relation to change of securities affectedchanged (7) affectedS & S Mitchell ATF15/11/24 SP Mitchell Super Rights Issue $35,999.99 Ordinary shares 11,999,99711,999,997Fund15/11/24 Malangi Pty Ltd Rights Issue $34,000.00 Ordinary shares 11,333,333 11,333,333Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:Holder of Registered Person entitled to Nature of relevant Class and Person’srelevant holder of be registered as interest (6) number of votesinterest securities holder (8) securitiesS & S MitchellStephen & Serena Serena ATF SP S & S Mitchell ATF SP Mitchell ATF SP Mitchell Controls registered holder (section 608 holder (section 608 Ordinary shares 36,000,001Mitchell Mitchell Super FundFundundndd Super Fund (3)(b)) 36,000,001Controls registeredMalangi Pty Malangi Pty Ordinary sharesLtd Ltd Malangi Pty Ltd holder (section 608 83,748,368 83,081,701(3)(b))----- End of picture text -----

3. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company are as follows:

4. Present relevant interests

Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

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----- Start of picture text ----- Holder of Registered Person entitled to Nature of relevant Class and Person’srelevant holder of be registered as interest (6) number of votesinterest securities holder (8) securitiesS & S MitchellStephen & Serena Serena ATF SP S & S Mitchell ATF SP Mitchell ATF SP Mitchell Controls registered holder (section 608 holder (section 608 Ordinary shares 36,000,00136,000,001Mitchell Mitchell Super FundFundundndd Super Fund (3)(b))Controls registeredMalangi Pty Malangi Pty Ordinary sharesLtd Ltd Malangi Pty Ltd holder (section 608 83,748,368 83,081,701(3)(b))----- End of picture text -----

604 page 2/2 15 July 2001

5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ARSN (if applicable) Nature of association N/A 6. Addresses The addresses of persons named in this form are as follows: Name Address Stephen Mitchell PO Box 16059, Collins Street West, Vic. 8007 Signature Stephen Mitchell capacity Director print name sign here date 18/11/2024

The addresses of persons named in this form are as follows:

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DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

• (2) See the definition of “associate” in section 9 of the Corporations Act 2001.

• (3) See the definition of “relevant interest” in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The person’s votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (6) Include details of:

  • (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

  • (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

  • See the definition of “relevant agreement” in section 9 of the Corporations Act 2001.

• (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

• (8) If the substantial holder is unable to determine the identify of the person (eg. if the relevant interest arises because of an option) write “unknown”.

• (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.