TALGA GROUP LTD — Share Issue/Capital Change 2025

Dec 22, 2025

Appendix 2A - Application for quotation of securities

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Announcement Summary

Entity name

TALGA GROUP LTD

Announcement Type

New announcement

Date of this announcement

Tuesday December 23, 2025

The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

Total number of +securities to be quoted

ASX +security		Number of +securities to
code	Security description	be quoted	Issue date
TLG	ORDINARY FULLY PAID	917,500	23/12/2025

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

TALGA GROUP LTD

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

ABN

Registration number

32138405419

1.3 ASX issuer code

TLG

1.4 The announcement is

New announcement

1.5 Date of this announcement

23/12/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued, transferred or re-classified as a result of options being exercised or other +convertible securities being converted

2.2 The +class of +securities to be quoted is:

Additional +securities in a class that is already quoted on ASX ("existing class")

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Appendix 2A - Application for quotation of securities

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Part 3B - number and type of +securities to be quoted (existing class) where issue has not previously been notified to ASX in an Appendix 3B

Existing +securities converting into additional +securities in an existing class	Existing +securities converting into additional +securities in an existing class	Existing +securities converting into additional +securities in an existing class
FROM (Existing Class)
ASX +security code and description
TLGAX : PERFORMANCE RIGHTS
TO (Existing Class)
ASX +security code and description
TLG : ORDINARY FULLY PAID
Please state the number of options	The first date the options were	The last date the options were
that were exercised or other	exercised or other +convertible	exercised or other +convertible
+convertible securities that were	securities were converted	securities were converted
converted	22/12/2025	22/12/2025
900,000
Is this all of the options or other +convertible securities on issue of that type		(ie have all of those options now been
exercised or have all of those convertible securities now been converted)?
Yes
The right of the holder of the options or other +convertible securities to receive the +underlying securities is being
satisfied by:
An issue of new +securities
The underlying +securities being received by the holder are:
Intended to be, but are not yet, quoted by ASX
Were the options being exercised or	other +convertible securities being converted issued under an +employee
incentive scheme?
Yes
Are any of the options being exercised or other +convertible securities being		converted held by +key management
personnel (KMP) or an +associate?
Yes
Provide details of the KMP or +associates who are exercising options or converting convertible securities
		Number of options being exercised
		or other +convertible securities
Name of KMP	Name of registered holder	being converted
Martin Phillips	Terri Kathleen Phillips ATF Phillips Family Holding Trust	900,000

Issue date

23/12/2025

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

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted 900,000

Are the +securities being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

The Performance Rights were issued for nil cash consideration in accordance with the terms and conditions in the App 3G lodged with ASX 16 Nov 2022 and have a nil exercise price. Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted 0.360000

Any other information the entity wishes to provide about the +securities to be quoted

The estimated value of the Performance Rights is based on the closing price of the Company's shares on 22 Dec 2025

Existing +securities converting into additional +securities in an existing class FROM (Existing Class) ASX +security code and description TLGAC : SHARE PERFORMANCE RIGHTS ESIS

TO (Existing Class) ASX +security code and description TLG : ORDINARY FULLY PAID

Please state the number of options The first date the options were The last date the options were that were exercised or other exercised or other +convertible exercised or other +convertible +convertible securities that were securities were converted securities were converted converted 23/12/2025 23/12/2025 17,500 Is this all of the options or other +convertible securities on issue of that type (ie have all of those options now been exercised or have all of those convertible securities now been converted)? No The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by: An issue of new +securities

The underlying +securities being received by the holder are: Intended to be, but are not yet, quoted by ASX

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme? Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate? No

Issue date

23/12/2025

Will the +securities to be quoted rank equally in all respects from their issue date with the existing issued

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Appendix 2A - Application for quotation of securities

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+securities in that class? Yes

Issue details

Number of +securities to be quoted

17,500

Are the +securities being issued for a cash consideration?

No

Please describe the consideration being provided for the +securities

The Performance Rights were issued for nil cash consideration in accordance with the terms and conditions in the App 3G lodged with ASX 18 May 2023. The Performance Rights have a nil exercise price.

Please provide an estimate (in AUD) of the value of the consideration being provided per +security for the +securities to be quoted

0.360000

Any other information the entity wishes to provide about the +securities to be quoted

The estimated value of the Performance Rights is based on the closing price of the Company's shares on 22 Dec 2025

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
TLG : ORDINARY FULLY PAID	492,682,912
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
TLGAX : PERFORMANCE RIGHTS	0
TLGAD : OPTION EXPIRING 29-MAY-2027 EX $0.58	8,333,331
TLGAE : OPTION EXPIRING 31-OCT-2028 EX $1.00	2,000,000
TLGAF : OPTION EXPIRING 21-NOV-2028 EX $1.00	4,460,000
TLGAC : SHARE PERFORMANCE RIGHTS ESIS	17,700

4.2 Unquoted +securities (total number of each +class of +securities issued but not quoted on ASX)

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