MURRAY COD AUSTRALIA LIMITED — Director's Dealing 2025

Oct 8, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Murray Cod Australia Limited ABN 74 143 928 625

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Mr Mathew Ryan
Date of last notice	13 February 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Mrs Bonnie Louise Ryan (spouse of Mr Ryan) M & B Ryan Pty Ltd (Trustee and beneficiary)
Date of change	2 October 2025

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change

M & B Ryan Pty Ltd - 7,527,143 Fully Paid Ordinary Shares - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2026 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2026 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2027 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2025 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2026 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2027 Mrs Bonnie Louise Ryan - 3,734 fully paid ordinary shares

Class

N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	N/A
Number disposed	1,282,513
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$0.95 per ORD Share

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held after change

M & B Ryan Pty Ltd - 6,244,630 Fully Paid Ordinary Shares - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $5.30 each, expiring on 25 November 2025, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $2.30 each, expiring on 5 December 2026, vesting on 1 July 2026 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2024 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2025 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2026 - 125,000 unlisted options exercisable at $3.35 each, expiring on 21 December 2028, vesting on 1 July 2027 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2025 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2026 - 200,000 unlisted options exercisable at $2.25 each, expiring on 20 January 2030, vesting on 22 November 2027 Mrs Bonnie Louise Ryan - 3,734 fully paid ordinary shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change Off-market transfer to entities associated with Example: on-market trade, off-market trade, exercise of options, issue Mr Brett Paton. Agreement for transfer dated 30 of securities under dividend reinvestment plan, participation in buyback September 2025 at same price as Placement announced 26 September 2025.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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