ROX RESOURCES LIMITED — Major Shareholding Notification 2026

May 21, 2026

Form 604

Corporations Act 2001

Section 671B

Notice of change of interests of substantial holder

To Company Name/ Scheme
Rox Resources Limited

ACN/ ARSN
107 202 602

1. Details of substantial holder (1)
   Name
   L1 Capital Pty Ltd

ACN/ ARSN (if applicable)
125 378 145

There was a change in the interests of the substantial holder on
20/05/2026

The previous notice was given to the company on
27/04/2026

The previous notice was dated
27/04/2026

1. Previous and present voting power
   The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows:

Class of securities (4)	Previous notice		Present notice
	Person's votes	Voting power (5)	Person's votes	Voting power (5)
FPO	250,154,944	18.01%	265,219,981	19.08%

Based on issued capital of 1,389,268,440 shares
Based on issued capital of 1,389,768,440 shares

1. Changes in relevant interests
   Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows:

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
See Annexure A

1. Present relevant interests
   Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows:

Holder of relevant interest	Registered Holder of securities	Person entitled to be registered as holder (8)	Nature of relevant interest	Class and number of securities	Person's votes
See Annexure B

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5. Changes in association

The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows:

Name and ACN/ ARSN (if applicable)	Nature of association
N/A

6. Addresses

The addresses of persons named in this form are as follows:

Name	Address
L1 Capital Pty Ltd	Level 45, 101 Collins Street, Melbourne, VIC, 3000

Signature

Print name Jane Stewart
Capacity Head of Legal and Compliance
Sign here Jane Stewart
Date 22/05/2026

DIRECTIONS

(1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form.

(2) See the definition of "associate" in section 9 of the Corporations Act 2001.

(3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

(4) The voting shares of a company constitute one class unless divided into separate classes.

(5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

(6) Include details of:

(a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

(b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.

(8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown".

(9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice.

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Annexure A

L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Rox Resources Limited

This is Annexure "A" of 1 page referred to in the Form 604 (Notice of Change of interests of Substantial Holder)

Print Name Jane Stewart
Capacity Head of Legal and Compliance
Sign Here Jane Stewart
Date 22/05/2026

Changes in relevant interests

Date of change	Person whose relevant interest changed	Nature of change (6)	Consideration given in relation to change (7)	Class and number of securities affected	Person's votes affected
28/04/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 861,519.73	1,985,526	FPO	1,985,526
29/04/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 144,350.15	341,334	FPO	341,334
30/04/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 330,229.47	816,000	FPO	816,000
1/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 207,716.78	510,128	FPO	510,128
4/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 104,218.41	252,952	FPO	252,952
5/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 317,548.83	770,799	FPO	770,799
6/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 122,311.73	294,289	FPO	294,289
8/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 131,164.93	295,883	FPO	295,883
11/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 88,260.00	200,000	FPO	200,000
12/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 117,430.19	256,678	FPO	256,678
13/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 172,305.13	367,092	FPO	367,092
14/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 647,005.38	1,351,135	FPO	1,351,135
18/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 2,514,035.87	5,800,000	FPO	5,800,000
19/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 268,533.69	631,913	FPO	631,913
20/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 141,125.21	345,327	FPO	345,327
21/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 186,943.70	445,981	FPO	445,981
22/05/2026	L1 Capital Pty Ltd	On-Market Purchase	$ 169,960.00	400,000	FPO	400,000

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Annexure B

L1 Capital Pty Ltd (ACN 125 378 145) change in substantial holding in Rox Resources Limited

This is Annexure "B" of 1 page referred to in the Form 604 (Notice of Change of interests of Substantial Holder)

Print Name
Jane Stewart

Capacity
Head of Legal and Compliance

Sign Here
Jane Stewart
Date
22/05/2026

Details of present relevant interests

Holder of relevant interest	Registered holder of securities	Nature of relevant interest	Nature of relevant interest	Class and number of securities
L1 Capital Pty Ltd	Merrill Lynch (Australia) Nominees Pty Limited	Merrill Lynch (Australia) Nominees Pty Limited	Power to (or to control) exercise vote and/or dispose of the securities as discretionary investment managers or advisers of superannuation funds, pooled superannuation trusts, managed investment schemes and investment management agreements.	290,871	FPO
L1 Capital Pty Ltd	Morgan Stanley & Co. International PLC	Morgan Stanley & Co. International PLC	as above	155,661,252	FPO
L1 Capital Pty Ltd	Goldman Sachs International	Goldman Sachs International	as above	89,585,990	FPO
L1 Capital Pty Ltd	JPMorgan Chase Bank, N.A.	JPMorgan Chase Bank, N.A.	as above	19,681,868	FPO