PEEL MINING LIMITED — Director's Dealing 2025

Nov 27, 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 Peel Mining Limited ABN 42 119 343 734

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	Nicholas Woolrych
Date of last notice	23rdSeptember 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 therelevant interest.	Power to exercise, or control the exercise of, a rightto vote attached to the securities and the power todispose of, or control the exercise of a power todispose of the securities.Registered holders of indirect interests•Woolyco Holdings Pty Ltd(Director, Secretary and Shareholder)•Kate Woolrych (Spouse)
Date of change	28thNovember 2025
No. of securities held prior to change	Indirect – 20,000,000 Share OptionsIndirect – 20,000,000 Perforamnce Rights
Class	Fully Paid Ordinary Shares
Number acquired	Tranche 2 placement shares - 2,352,942
Number disposed	Nil

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details andestimated valuation	$200,000.07
No. of securities held after change	Indirect - 2,352,942 FPO SharesIndirect – 20,000,000 Share OptionsIndirect – 20,000,000 Perforamnce Rights
Nature of changeExample: on-markettrade, off-markettrade, exercise ofoptions, issue of securities under dividend reinvestment plan,participation in buy-back	Purchase of fully paid ordinary shares as part ofTranche2oftheCompany’splacement,announced to the ASX on 29 September 2025 andapproved by shareholders at the Annual GeneralMeeting on 20 November 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
Name of registered holder(if issued securities)
Date of change
No. and class of securities to whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed
Interest acquired
Interest disposed
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation
Interest after change

Part 3 –[+] Closed period

art 3 –+Closed period
Were the interests in the securities or contracts detailed abovetraded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided to allow the trade toproceed during this period?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011