LGI LIMITED — Capital/Financing Update 2025

Oct 22, 2025

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

LGI LIMITED

Announcement Type

New announcement

Date of this announcement

23/10/2025

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
LGI	ORDINARY FULLY PAID	13,322,815
Proposed +issue date
29/10/2025

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

LGI LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

138085551

1.3 ASX issuer code

LGI

1.4 The announcement is

New announcement

1.5 Date of this announcement

23/10/2025

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? No

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +security code and description

LGI : ORDINARY FULLY PAID

Number of +securities proposed to be issued

13,322,815

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? Yes

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 3.85000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Appendix 3B - Proposed issue of securities

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Part 7C - Timetable

7C.1 Proposed +issue date

29/10/2025

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

13,322,815 Fully Paid Ordinary Shares

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? Yes

7E.1a Who is the lead manager/broker?

Morgans Corporate Limited and Aitken Mount Capital Partners Pty Ltd

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

Morgans Corporate Limited and Aitken Mount Capital Partners Pty Ltd will be paid a management fee in total of 1.25% and an incentive fee of up to 0.75%. Luminis Partners Pty Ltd will be paid a transaction fee of $500,000 for advisory services including relating to the placement.

7E.2 Is the proposed issue to be underwritten? Yes

7E.2a Who are the underwriter(s)?

Morgans Corporate Limited and Aitken Mount Capital Partners Pty Ltd (JLM's).

7E.2b What is the extent of the underwriting (ie the amount or proportion of the proposed issue that is underwritten)?

50% of the proposed issue is underwritten by Morgans Corporate Limited and remaining 50% of the proposed issue is underwritten by Aitken Mount Capital Partners Pty Ltd

7E.2c What fee, commission or other consideration is payable to them for acting as underwriter(s)?

Morgans Corporate Limited and Aitken Mount Capital Partners Pty Ltd will be paid an underwriting fee in total of 1.5%.

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Appendix 3B - Proposed issue of securities

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7E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated.

Termination events include: Breach of agreement with the JLM's, Company is unable to issue the Placement Shares, Company alters its capital structure, any adverse change in the assets, liabilities, financial position or performance, profits, losses or prospects of the Company, ASIC commences any inquiry or investigation in relation to the Placement, Hostilities, Index falls, changes in law and moratoriums.

7E.3 Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed issue? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The funds raised from the Offer will be used for: Accelerated delivery of High Conviction Projects in Execution; Funding new High Conviction Projects in Development; and Enhancing balance sheet flexibility.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Appendix 3B - Proposed issue of securities

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