STRATEGIC ELEMENTS LIMITED — Share Issue/Capital Change 2026

May 19, 2026

Appendix 3B - Proposed issue of securities

Announcement Summary

Entity name
STRATEGIC ELEMENTS LIMITED

Announcement Type
New announcement

Date of this announcement
20/5/2026

The Proposed issue is:
An offer of securities under a securities purchase plan

Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan

ASX +security code	+Security description	Maximum Number of +securities to be issued
New class-code to be confirmed	OPTION EXPIRING 12 JULY 2027 EX $0.04	71,428,571
SOR	ORDINARY FULLY PAID	71,428,571

+Record date
19/5/2026

Offer closing date
9/6/2026

+Issue date
16/6/2026

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 1 - Entity and announcement details

1.1 Name of +Entity

STRATEGIC ELEMENTS LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ABN

47122437503

1.3 ASX issuer code

SOR

1.4 The announcement is

New announcement

1.5 Date of this announcement

20/5/2026

1.6 The Proposed issue is:

An offer of +securities under a +securities purchase plan

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Part 4 - Details of proposed offer under securities purchase plan

Part 4A - Conditions

4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis?
No

Appendix 3B - Proposed issue of securities
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Appendix 3B - Proposed issue of securities

Part 4B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

SOR : ORDINARY FULLY PAID

Will the proposed issue of this
+security include an offer of
attaching +securities?
Yes

Details of +securities proposed to be issued

ASX +security code and description

SOR : ORDINARY FULLY PAID

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted
71,428,571

Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)?
No

Will the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum subscription condition)?
No

Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)?
No

Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)?
No

Describe all the applicable parcels available for this offer in number of securities or dollar value

$30,000, $25,000, $20,000, $17,500, $15,000, $12,500, $10,000, $7,500, $5,000, $2,500, $2,000, $1,500, $1,000

Offer price details

Has the offer price been determined?
Yes

In what currency will the offer be made?
What is the offer price per +security?

AUD - Australian Dollar
AUD 0.03500

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed?
Yes

Describe the scale back arrangements

Scale back will occur in accordance with the scale back terms under the SPP Share Offer

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class?
Yes

Attaching +Security

The proposed attaching security can only be of an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX)
New class

Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX)

Details of attaching +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1?
No

Will the entity be seeking quotation of the 'new' class of +securities on ASX?
No

ASX +security code	+Security description
New class-code to be confirmed	OPTION EXPIRING 12 JULY 2027 EX $0.04

+Security type

Options

Offer ratio (ratio of attaching securities at which the new +securities will be issued)

The quantity of attaching +securities to be issued	For a given quantity of the new +securities issued
1	1

What will be done with fractional entitlements?

Fractions rounded down to the nearest whole number or fractions disregarded

Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted
71,428,571

Offer price details

Has the offer price been determined?
Yes

In what currency will the offer be made?

AUD - Australian Dollar

What is the offer price per +security?

AUD 0.00000

Please confirm whether the offer of the attaching +securities is a separate offer to the offer pursuant to the +security purchase plan

Yes

Please confirm whether the attaching +securities are being offered under a +disclosure document or +PDS

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Yes

Oversubscription & Scale back details

Will a scale back be applied if the offer is over-subscribed?
Yes

Describe the scale back arrangements
Scale back will occur in accordance with the scale back terms under the SPP Share Offer

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Options details

+Security currency
AUD - Australian Dollar

Exercise price
AUD 0.0400

Expiry date
12/7/2027

Details of the type of +security that will be issued if the option is exercised
SOR : ORDINARY FULLY PAID

Number of securities that will be issued if the option is exercised
71,428,571

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement.
Refer to ASX announcement of the Transaction Prospectus announced 20 May 2026.

Part 4C - Timetable

4C.1 Date of announcement of +security purchase plan
20/5/2026

4C.2 +Record date
19/5/2026

4C.3 Date on which offer documents will be made available to investors
20/5/2026

4C.4 Offer open date
20/5/2026

4C.5 Offer closing date
9/6/2026

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer

16/6/2026

Part 4D - Listing Rule requirements

4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements?
Yes

Part 4E - Fees and expenses

4E.1 Will there be a lead manager or broker to the proposed offer?
No

4E.2 Is the proposed offer to be underwritten?
No

4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission?
No

4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 4F - Further Information

4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue
Existing investments including Energy Ink and Stealth Technologies and potential new ventures and general working capital.

4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful?
No

4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer
Please refer to SPP Offer Booklet

4F.3 URL on the entity's website where investors can download information about the proposed offer
www.strategicelements.com.au/investors

4F.4 Any other information the entity wishes to provide about the proposed offer

Appendix 3B - Proposed issue of securities