NEXSEN LIMITED — Share Issue/Capital Change 2026

Feb 24, 2026

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

NEXSEN LIMITED

Announcement Type

New announcement

Date of this announcement

Wednesday February 25, 2026

The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
NXN	ORDINARY FULLY PAID	14,200,000	24/02/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

NEXSEN LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ACN

Registration number

655182497

1.3 ASX issuer code

NXN

1.4 The announcement is

New announcement

1.5 Date of this announcement

25/2/2026

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Restricted securities where the escrow period has expired or is about to expire

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Additional +securities to be quoted in an existing class as a result of escrow expiring on an existing class FROM (Existing Class) ASX +security code and description NXNAB : ORDINARY FULLY PAID RESTRICTED TO (Existing Class) ASX +security code and description NXN : ORDINARY FULLY PAID Please state the number of +restricted securities where the escrow period And the date the escrow restrictions has expired or is about to expire have ceased or will cease 14,200,000 24/2/2026 Issue date 24/2/2025 Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued +securities in that class? Yes Issue details Number of +securities to be quoted 14,200,000 Are the +securities being issued for a cash consideration? No Please describe the consideration being provided for the +securities Nil consideration is being given in relation to conversion from restricted to unrestricted securities. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.000000 Any other information the entity wishes to provide about the +securities to be quoted The securities were originally issued as part of a conversion of pre-IPO convertible notes with an effective conversion price of $0.10 per share.

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
NXN : ORDINARY FULLY PAID	92,766,096
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
NXNAE : OPTION EXPIRING 08-OCT-2028 RESTRICTED	3,500,000
NXNAF : PERFORMANCE RIGHTS RESTRICTED	10,000,000
NXNAB : ORDINARY FULLY PAID RESTRICTED	0
NXNAC : ORDINARY FULLY PAID RESTRICTED	107,430,104
NXNAD : OPTION EXPIRING 08-OCT-2028 RESTRICTED	10,488,648

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

Appendix 2A - Application for quotation of securities

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