MURRAY COD AUSTRALIA LIMITED — Capital/Financing Update 2025

Dec 1, 2025

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

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Announcement Summary

Entity name

MURRAY COD AUSTRALIA LIMITED

Date of this announcement

Tuesday December 02, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that 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	Unlisted Options	1,095,237	02/12/2025
to be confirmed

Refer to next page for full details of the announcement

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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

MURRAY COD AUSTRALIA 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 143928625

1.3 ASX issuer code

MCA

1.4 The announcement is

New announcement

1.5 Date of this announcement

2/12/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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

ASX +security codeNew class - code to be confirmed	+Security descriptionUnlisted Options
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued

2/12/2025

Will all the +securities issued in this class rank equally in all respects from their issue date? Yes

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Ross Anderson	KIMBALEX INVESTMENTS PTY LTD<KIMBALEX A/C>	476,190
Mathew Ryan	M & B RYAN PTY LTD <RYANFAMILY A/C>	476,190
Wendy Dillon	WENDY JOY DILLION	142,857

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. See Notice of Annual General Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03009622-2A1629954&v=undefined

Options Details

+Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.52250000 2/12/2030

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

MCA : ORDINARY FULLY PAID

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms

See Notice of Annual General Meeting https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03009622-2A1629954&v=undefined Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

1,095,237

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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
MCA : ORDINARY FULLY PAID	123,882,296
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
MCAAJ : OPTION EXPIRING 20-JAN-2030 EX $2.25	1,500,000
MCAAD : OPTION EXPIRING 25-NOV-2025 EX $5.30	1,300,000
MCAAG : OPTION EXPIRING 21-DEC-2028 EX $3.35	1,200,000
MCAAE : OPTION EXPIRING 03-APR-2026 EX $2.70	48,000
MCAAF : OPTION EXPIRING 05-DEC-2026 EX $2.30	1,250,000
New class - code to be confirmed : Unlisted Options	1,095,237

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

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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