JAYRIDE GROUP LIMITED — Major Shareholding Notification 2025

Apr 7, 2025

Docusign Envelope ID: EC8D345A-71B2-4AE7-8E1B-A08950321927

Form 605 Corporations Act 2001 Section 671B

Notice of ceasing to be a substantial holder

To Company Name/Scheme JAYRIDE GROUP LIMITED (ASX: JAY)

ACN/ARSN 155 285 528

1. Details of substantial holder (1)

Name ACN/ARSN (if applicable)

YIFAT SHIRBEN

The holder ceased to be a substantial holder on 28/03/2025 The previous notice was given to the company on 23/12/2022 The previous notice was dated 23/12/2022

2. Changes in relevant interests

Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) in voting securities of the company or

scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date ofchange	Person whoserelevant interestchanged	Nature ofchange (4)	Considerationgiven in relationto change (5)	Class (6) andnumber ofsecuritiesaffected	Person’saffected	votes
	FOLLOW THE SEED
28/03/2025	AUSTRALIA PTY LTD<FOLLOW THE SEED	Dilution.	Nil.	9,045,007 FPO		9,045,007
	ILP0000146>
28/03/2025	SYD VENTURES INC	Dilution.	Nil.	2,171,488 FPO		2,171,488
28/03/2025	ANDREY SHIRBEN	Dilution.	Nil.	686,028 FPO		686,028
28/03/2025	RICH ORIENTALCOMPANY LIMITED	Dilution.	Nil.	837,129 FPO		837,129
28/03/2025	YIFAT SHIRBEN	Dilution.	Nil.	352,589 FPO		352,589

3. Changes in association

The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in

relation to voting interests in the company or scheme are as follows:

interests in the company or scheme are as follows:
Name and ACN/ARSN(if applicable)	Nature of association
None.	N/A

4. Addresses

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

fpersons named in this form are as follows:
Name	Address
ANDREY SHIRBEN	80A BOBBIN HEAD RD TURRAMURRA NSW 2074
FOLLOW THE SEED AUSTRALIA PTY LTD	PO BOX 3254, NORTH TURRAMURRA, 2074, AUSTRALIA

Docusign Envelope ID: EC8D345A-71B2-4AE7-8E1B-A08950321927

RICH ORIENTAL COMPANY LIMITED	3/F JONSIM PALACE, 228 QUEENS ROAD EAST, WANCHAI,HONG KONG
SYD VENTURES INC	3/F JONSIM PALACE, 228 QUEENS ROAD EAST, WANCHAI,HONG KONG
YIFAT SHIRBEN	80A BOBBIN HEAD RD TURRAMURRA NSW 2074

Signature

print namesign here	Yifat ShirbencapacityIndividual
	date08 April 2025

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 4 of the form.

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

• (3) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (4) 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.

• (5) Details of the consideration must include any and all benefits, moneys 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.

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

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