TALGA GROUP LTD — Share Issue/Capital Change 2025

Nov 20, 2025

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

TALGA GROUP LTD

Date of this announcement

Friday November 21, 2025

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unquoted share options under the Employee	4,460,000	21/11/2025
to be confirmed	Securities Incentive Scheme (ESIS)

Refer to next page for full details of the announcement

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

TALGA GROUP LTD

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ABN 32138405419

1.3 ASX issuer code

TLG

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/11/2025

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code New class - code to be confirmed	+Security description Unquoted share options under the Employee Securities Incentive Scheme (ESIS)
+Security type	ISIN code
Options

Date the +securities the subject of this notification were issued 21/11/2025

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

Were any of the +securities issued to +key management personnel (KMP) or an +associate? Yes

Provide details of the KMP or +associates being issued +securities.

Name of KMP	Name of registered holder	Number of +securities
Mark Thompson	Mark Thompson	2,000,000
Terry Stinson	Stinson Family Account	960,000
Grant Mooney	Grant Mooney	750,000
Eva Nordmark	Eva Nordmark	750,000

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

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.

The securities were issued in accordance with the Talga Group Ltd Notice of Annual General Meeting (see ASX TLG 22 Oct 2025) Explanatory Memorandum (Notice) and as approved by shareholders at the 20 Nov 2025 AGM. A copy of the Notice is available at https://www.talgagroup.com/investors/ Investor resource centre 22 Oct 2025 - Notice of Annual General meeting

Options Details

+Security currency

AUD - Australian Dollar

Exercise price AUD 1.00000000

Expiry date

21/11/2028

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option

TLG : ORDINARY FULLY PAID

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Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://talgagroup.eu-central-1.linodeobjects.com/app/uploads/imports/asx-announcements/00a72daf-946f-4e20-955f-d40 06b242e49/NoticeofAnnualGeneralMeetingProxyForm.pdf Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details Number of +securities 4,460,000

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities 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 issued and quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
TLG : ORDINARY FULLY PAID	456,387,452

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	900,000
TLGAD : OPTION EXPIRING 29-MAY-2027 EX $0.58	8,333,331
TLGAE : OPTION EXPIRING 31-OCT-2028 EX $1.00	2,000,000
TLGAC : SHARE PERFORMANCE RIGHTS ESIS	47,300
New class - code to be confirmed : Unquoted share options under the Employee Securities	4,460,000
Incentive Scheme (ESIS)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? Yes

5.2a Date of meeting or proposed meeting to approve the issue under listing rule 7.1

20/11/2025

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