INFRAGREEN GROUP LIMITED — Director's Dealing 2025

Dec 7, 2025

Appendix 3Y Change of Director’s Interest Notice

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Infragreen Group Limited

ABN 85 668 228 742

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Declan Andrew Sherman
Date of last notice	1 December 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	1. Direct
	2.Indirect
Nature of indirect interest	a) Silver Square Investments Pty Ltd
(including registered holder)	ACN 615 166 697 as trustee for the
Note: Provide details of the circumstances giving rise to the relevant interest.	DAS Family Trust
	(Director is the sole director and company
	secretary and sole shareholder of the trustee
	and a beneficiary of the DAS Family Trust)
	b) Silver Square Investments Pty Ltd
	ACN 615 166 697 as trustee for the
	Silver Square Investment Trust 3
	(Director is the sole director and company
	secretary and sole shareholder of the trustee
	and a beneficiary of the Silver Square
	Investment Trust 3)
Date of change	2 December 2025
	3 December 2025
	4 December 2025
	5 December 2025
	8 December 2025

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1. 250,000 performance rights 103,597 fully paid ordinary shares 2. a)46,380,953 fully paid ordinary shares b)7,775,724 fully paid ordinaryshares
Class	Fully paid ordinary shares
Number acquired	1. 5,384 (2 December 2025) 1,500 (3 December 2025) 12,500 (4 December 2025) 11,212 (5 December 2025) 48,342 (8 December 2025) 2. Nil
Number disposed	Nil
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	5,384 ordinary shares at $0.85 per ordinary share – on market 1,500 ordinary shares at $0.85 per ordinary share – on market 12,500 ordinary shares at $0.86 per ordinary share – on market 11,212 ordinary shares at $0.84 per ordinary share – on market 48,342 ordinary shares at $0.81 per ordinary share – on market
No. of securities held after change	1. 250,000 performance rights 182,535 fully paid ordinary shares 2. a)46,380,953 fully paid ordinary shares b)7,775,724 fully paid ordinary shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back	On market trades

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Page 3