IRON ROAD LIMITED — Capital/Financing Update 2021

May 5, 2021

06 May 2021

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ASX ANNOUNCEMENT

Iron Road Ltd (Iron Road, ASX: IRD)

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SHARE PURCHASE PLAN CLEANSING NOTICE

Iron Road Ltd (Iron Road, ASX: IRD) ( Company ) gives notice in accordance with ASIC Corporations (Share and Interest Purchase Plans) Instrument 2019/547 (Instrument) that:

1. The Company will make offers to issue shares under a Share Purchase Plan without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) (“the Act”);

2. This notice is given in accordance with the Instrument;

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company and Section 674 of the Act; and

4. As at the date of this notice, there is no excluded information (in accordance with the requirements of subsections 708A(7) and (8) of the Act as if this notice were a notice under paragraph 708A(5)(e) of the Act).

Authorised for release by the board of Iron Road Ltd

For further information, please contact:

Larry Ingle, Chief Executive Officer Iron Road Ltd Tel: +61 8 8214 4400

Jarek Kopias, Company Secretary Iron Road Ltd

ASX: IRD admin@ironroadlimited.com.au www.ironroadlimited.com.au

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[GPO Box 1164, Adelaide SA 5001, Australia | T +61 (8) 8214 4400 ] admin@ironroadlimited.com.au | ironroadlimited.com.au | ABN: 51 128 698 108