JAYRIDE GROUP LIMITED — Share Issue/Capital Change 2025

Nov 30, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

JAYRIDE GROUP LIMITED

Date of this announcement

Monday December 01, 2025

The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Convertible Notes	200,000	24/10/2025
to be confirmed

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

JAYRIDE GROUP LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 155285528

1.3 ASX issuer code

JAY

1.4 The announcement is

New announcement

1.5 Date of this announcement

1/12/2025

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and	Announcement Title	Selected Appendix 3B to submit quotation
Time		request
24-Oct-2025 12:48	New - Proposed issue of securities -	A placement or other type of issue
	JAY

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?

No

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

new unquoted class of security

Date the +securities the subject of this notification were issued

24/10/2025

Any other information the entity wishes to provide about the +securities the subject of this notification

At the Company's 2025 AGM held 27 November 2025, shareholders approved the participation of a director and ratified the issue of the Convertible Notes as announced 24 October 2025.

Issue details

Number of +securities 200,000 Were the +securities issued for a cash consideration? Yes In what currency was the cash consideration being What was the issue price per +security? paid? AUD - Australian Dollar AUD 1.00000000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code New class - code to be confirmed		+Security description Convertible Notes	+Security description Convertible Notes
+Security type		ISIN code
+Convertible debt securities
Date the +securities the subject of this notification were issued
24/10/2025
Will all the +securities issued in this class rank equally in		all respects from their issue date?
Yes
Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under
listing rule 6.1?
Yes
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being
issued.
Please refer the ASX announcement dated 24 October 2025: https://www.jayride.com/investors/
+Convertible debt securities Details
Type of +security
Convertible note or bond
+Security currency	Face value		Interest rate type
AUD - Australian Dollar	AUD 1.00000000		Fixed rate
Frequency of coupon/interest payments per year			First interest payment date
Quarterly			24/1/2026
Interest rate per annum		Is the interest rate	per annum estimated at this time?
15.00 %		No
s128F of the Income Tax Assessment Act status applicable to the +security
Not applicable
Is the +security perpetual (i.e. no maturity)?			Maturity date
No			24/10/2026
Select other feature(s) applicable to	the +security
Convertible
Is there a first trigger date on which	a right of conversion,	redemption, call	If yes, what is the first trigger date?
or put can be exercised (whichever is first)? Yes			24/1/2026

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged

JAY : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

200,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
JAY : ORDINARY FULLY PAID	1,452,889,092

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
JAYAW : OPTION EXPIRING 30-JUN-2027 EX $0.30	1,892,752
JAYAT : OPTION EXPIRING 30-JUN-2026 EX $0.30 CLASS E	991,591
JAYAV : PERFORMANCE OPTIONS EXPIRING 30-JUN-2026 EX $0.1551	500,000
JAYAZ : OPTION EXPIRING 31-DEC-2027 EX $0.05	34,000,000
New class - code to be confirmed : Convertible Notes	200,000

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