TALGA GROUP LTD — Capital/Financing Update 2026

Jan 19, 2026

ASX Release 20 January 2026

ASX:TLG

Share Purchase Plan to close on Friday

Battery materials and technology company Talga Group Ltd (“ Talga ” or “ the Company ”) advises that the Share Purchase Plan (“ SPP ”) will close at 5.00pm AWST on Friday 23 January 2026.

Share Purchase Plan Details

Talga launched the SPP on 17 December 2025 for eligible Talga Shareholders who were registered to an address in Australia, New Zealand or Singapore as at 5.00pm AWST on Tuesday 9 December 2025.

Eligible Shareholders can subscribe for a maximum of A$30,000 of shares at A$0.41 per share without paying brokerage costs.

SPP Participants will receive one (1) free unlisted attaching option for every two (2) Shares allocated with an exercise price of A$0.58 per option and a 2-year expiry from the date of issue.

Holders of the attaching options will receive one (1) fully paid ordinary share and one (1) free unlisted piggyback option for every one attaching option exercised.

The funds generated under the SPP will be used to fund the engineering study for a staged 5,000 tpa ramp up in anode production in conjunction with the A$13.35 million grant received from Sweden’s Industriklivet (ASX:TLG 20/11/2025). Funds will also be used for additional grant applications; to supply Talnode[®] -C and Talnode[®] -R anode to battery customers; to advance US development opportunities and for general working capital.

How to apply

The SPP offer will close on Friday 23 January 2026. Please take into account BPAY[®] or EFT processing times. Please note the company will not be accepting payment by cheque. Further details as to the application process are included in the Offer Document, which can be accessed via https://investor.automic.com.au/#/home.

Authorised for release by Dean Scarparolo, Talga Group Ltd Company Secretary.

For further information please contact:

Mark Thompson Managing Director Talga Group Ltd +61 (0) 8 9481 6667

Candice Sgroi Group Investor Relations Manager Talga Group Ltd +61 (0) 400 492 285

info@talgagroup.com +61 8 9481 6667

Suite 3.03, Level 3, 46 Colin Street West Perth 6005 Australia

Talga Group Ltd ABN 32 138 405 419 ASX: TLG

www.talgagroup.com Talga Group @Talga_Ltd

About Talga

Talga Group Ltd (ASX:TLG / OTCQX:TLGRF) is a global leader in producing high-power, sustainable battery anode and advanced graphitic materials. Our capabilities include proprietary graphite purification, shaping and coating technologies, ensuring secure and low-emission Li-ion battery anode supply chains and new-energy materials. Talga’s products and technologies solve battery manufacturing challenges such as supply vulnerabilities, performance limitations and recyclability, thereby accelerating the shift to more secure critical mineral product manufacturing.

Website: www.talgagroup.com

Forward-Looking Statements & Disclaimer

Statements in this document regarding the Company's business or proposed business, which are not historical facts, are forward-looking statements that involve risks and uncertainties, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Those risks and uncertainties include factors and risks specific to the industries in which the Company operates and proposes to operate as well as general economic conditions, prevailing exchange rates and interest rates and conditions in the financial markets, among other things. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Investors are cautioned not to place undue reliance on forward-looking statements.

No forward-looking statement is a guarantee or representation as to future performance or any other future matters, which will be influenced by a number of factors and subject to various uncertainties and contingencies, many of which will be outside the Company’s control. There can be no assurance that the plans of the directors and management of Talga will proceed as currently expected or will ultimately be successful.

The Company does not undertake any obligation to update publicly or release any revisions to these forward-looking statements to reflect events or circumstances after today's date or to reflect the occurrence of unanticipated events. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions or conclusions contained in this announcement. To the maximum extent permitted by law, none of the Company’s directors, employees, advisors, or agents, nor any other person, accepts any liability for any loss arising from the use of the information contained in this announcement.

This announcement may not be distributed in any jurisdiction except in accordance with the legal requirements applicable in such jurisdiction. Recipients should inform themselves of the restrictions that apply in their own jurisdiction. A failure to do so may result in a violation of securities laws in such jurisdiction. This document does not constitute investment advice and has been prepared without taking into account the recipient’s investment objectives, financial circumstances or particular needs and the opinions and recommendations in this representation are not intended to represent recommendations of particular investments to particular persons.

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www.talgagroup.com

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