IGNITE LIMITED — Capital/Financing Update 2025

Oct 15, 2025

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Ignite Limited (ASX:IGN)

Ignite Equity Incentive Plan – 2025 General Terms of Issue

	Option grant 1	Option grant 2
Total Options Issued	290,000	180,000
Conversion Rate	One fully paid ordinary share for each option
Participants	6	1
Tranches and vestingconditions	2 equal tranches with performance-based vestingconditions
-Tranche 1	Full year EPS at orabove $0.10	Vests immediately
-Tranche 2	Full year EPS at orabove $0.15	Full year EPS at or above$0.10
Expiry Date	The earlier of 7 years, or the announcement of theFY27 financial results if the relevant performancemeasures are not met.
Exercise Price	$1.50	$1.00
Restrictions	Shares issued on exercise will be restricted for 3years, subject to the Plan Rules, and Share tradingPolicy. Holding lock may be applied.
Exercise	Exercise can be satisfied by a cash settlement, atDirectors’ discretion.
Voting	Options have no right to vote or right to dividends
Termination
-Disablement,retirement,redundancy	Directors may waive vesting requirements onunvested options; if waived, options must beexercised within 6 months
-Termination – allother circumstances	Unvested options will lapse
-Change of control	Unvested options to be addressed at Directors’discretion.
-Other terms	Includes adjustments for capital reorganisations andEPS calculations to avoid inappropriate outcomesas required
-Date of Issue	16 October 2025

Note: Ignite Equity Incentive Plan Rules were lodged with ASX on 20 October 2023