ORA BANDA MINING LTD — Share Issue/Capital Change 2025

Nov 27, 2025

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

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Announcement Summary

Entity name

ORA BANDA MINING LTD

Date of this announcement

Friday November 28, 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	Performance Rights expiring 30 June 2030 FY26	6,469,460	27/11/2025
to be confirmed	LTIP
New class - code	MD Performance Rights expiring 27 November	1,253,133	27/11/2025
to be confirmed	2030 FY26 LTIP
New class - code	MD Performance Rights expiring 27 November	1,082,707	27/11/2025
to be confirmed	2030 FY26 STIP
New class - code	MD Retention Rights expiring 27 November 2030	2,819,549	27/11/2025
to be confirmed
New class - code	Retention Rights expiring 30 June 2029	297,635	27/11/2025
to be confirmed
New class - code	Retention Rights expiring 27 November 2030	3,450,000	27/11/2025
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

ORA BANDA MINING LTD

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 ABN 69100038266

1.3 ASX issuer code

OBM

1.4 The announcement is

New announcement

1.5 Date of this announcement

28/11/2025

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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)

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ASX +security code +Security description
New class - code to be confirmed Performance Rights expiring 30 June 2030 FY26 LTIP
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+Security type	ISIN code
Other
Date the +securities the subject of this	notification were issued
27/11/2025
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.

Provide details of the KMP	or +associates being issued +securities.
Name of KMP	Name of registered holder	Number of +securities
Andrew Czerw	Andrew Czerw	538,848
Doug Warden	Katherine Louise Warden Family Trust>	664,161

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf

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

Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf

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

Issue of FY26 LTIP performance rights to certain staff.

Issue details

Number of +securities

6,469,460

ASX +security code +Security description

New class - code to be confirmed

MD Performance Rights expiring 27 November 2030 FY26 LTIP

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+Security type Other

ISIN code

Date the +securities the subject of this notification were issued

27/11/2025

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 Luke Creagh Luke Creagh 1,253,133

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20251017/pdf/06qnjmy4qgs3fx.pdf

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 Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20251017/pdf/06qnjmy4qgs3fx.pdf

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

Issue of FY26 LTIP performance rights to the Managing Director as approved at the 2025 Annual General Meeting.

Issue details

Number of +securities

1,253,133

ASX +security code +Security description

New class - code to be confirmed MD Performance Rights expiring 27 November 2030 FY26 STIP

+Security type ISIN code

Other

Date the +securities the subject of this notification were issued

27/11/2025

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.

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Name of KMP Luke Creagh

Name of registered holder

Name of registered holder Number of +securities Luke Creagh 1,082,707

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Resolution 3 - https://announcements.asx.com.au/asxpdf/20251017/pdf/06qnjmy4qgs3fx.pdf

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 Refer Resolution 3 - https://announcements.asx.com.au/asxpdf/20251017/pdf/06qnjmy4qgs3fx.pdf

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

Issue of FY26 STIP performance rights to the Managing Director as approved at the 2025 Annual General Meeting.

Issue details

Number of +securities

1,082,707

ASX +security code +Security description New class - code to be confirmed MD Retention Rights expiring 27 November 2030

+Security type ISIN code Other

Date the +securities the subject of this notification were issued

27/11/2025

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 Luke Creagh Luke Creagh 2,819,549

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Resolution 9 - https://announcements.asx.com.au/asxpdf/20241018/pdf/06996rpshvms6l.pdf

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

Refer Resolution 9 - https://announcements.asx.com.au/asxpdf/20241018/pdf/06996rpshvms6l.pdf

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

Issue of MD Retention Performance Rights to the Managing Director as approved at the 2024 Annual General Meeting.

Issue details

Number of +securities

2,819,549

ASX +security code +Security description New class - code to be confirmed Retention Rights expiring 30 June 2029 +Security type ISIN code Other Date the +securities the subject of this notification were issued 27/11/2025 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf

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 Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf

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

Issue of Retention Performance Rights to certain staff.

Issue details

Number of +securities

297,635

ASX +security code +Security description New class - code to be confirmed Retention Rights expiring 27 November 2030 +Security type ISIN code Other

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Date the +securities the subject of this notification were issued 27/11/2025 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? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf 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 Refer Resolution 4 - https://announcements.asx.com.au/asxpdf/20231027/pdf/05wldpr773xwxy.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Issue of Retention Performance Rights to certain staff. Issue details Number of +securities 3,450,000

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

Part 4 - +Securities on issue

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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
OBM : ORDINARY FULLY PAID	1,904,043,544

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
OBMAB : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 STI	279,156
OBMAC : PERFORMANCE RIGHTS EXPIRING 30-JUN-2026 LTI	50,928
OBMAG : PERFORMANCE RIGHTS EXPIRING 27-NOV-2029 FY25 STI	1,025,466
OBMAH : PERFORMANCE RIGHTS EXPIRING 27-NOV-2029 FY25 LTI	2,728,463
OBMAT : PERFORMANCE RIGHTS EXPIRING 19-DEC-2028 FY24 STIP	1,531,773
OBMAU : PERFORMANCE RIGHTS EXPIRING 19-DEC-2028 FY24 LTIP	3,461,634
OBMAV : PERFORMANCE RIGHTS EXPIRING 01-JUL-2028 FY24 LTIP	20,268,042
OBMAW : RETENTION PERFORMANCE RIGHTS EXPIRING 19-DEC-2028	9,000,000
OBMAE : PERFORMANCE RIGHTS EXPIRING 22-DEC-2027 LTI	11,428,572
OBMAF : PERFORMANCE RIGHTS EXPIRING 22-DEC-2027	36,000,000
OBMAP : PERFORMANCE RIGHTS 2023 EXPIRING 30-JUN-2028	10,050,000
OBMAQ : PERFORMANCE RIGHTS 2023 EXPIRING 30-JUN-2030 LTI	20,224,225
OBMAR : PERFORMANCE RIGHTS 2023 EXPIRING 31-JAN-2031	500,000
OBMAX : PERFORMANCE RIGHTS EXPIRING 30-JUN-2029 FY25 LTI	12,184,689
OBMAY : RETENTION RIGHTS EXPIRING 30-JUN-2029 FY25	545,700

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities
New class - code to be confirmed : Performance Rights expiring 30 June 2030 FY26 LTIP	6,469,460
New class - code to be confirmed : MD Performance Rights expiring 27 November 2030	1,253,133
FY26 LTIP
New class - code to be confirmed : MD Performance Rights expiring 27 November 2030	1,082,707
FY26 STIP
New class - code to be confirmed : MD Retention Rights expiring 27 November 2030	2,819,549
New class - code to be confirmed : Retention Rights expiring 30 June 2029	297,635
New class - code to be confirmed : Retention Rights expiring 27 November 2030	3,450,000

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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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