TALGA GROUP LTD — Share Issue/Capital Change 2025

Oct 30, 2025

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

==> picture [21 x 22] intentionally omitted <==

Announcement Summary

Entity name

TALGA GROUP LTD

Date of this announcement

Friday October 31, 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	2,000,000	31/10/2025
to be confirmed	Securities Incentive Scheme (ESIS)

Refer to next page for full details of the announcement

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

1 / 7

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

==> picture [21 x 22] intentionally omitted <==

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

31/10/2025

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

2 / 7

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

==> picture [21 x 22] intentionally omitted <==

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")

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

3 / 7

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

==> picture [21 x 22] intentionally omitted <==

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 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
31/10/2025
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
Martin Phillips	Terri Phillips ATF Phillips Family Holding Trust	2,000,000
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 are part of a remuneration package approved by the Board in the ordinary course of business remuneration. Each option is an entitlement to receive one fully paid share in Talga Group Ltd (ASX code TLG) with an expiry date of 31/10/28. A further summary of the material terms of the securities being issued under the ESIS is included in the 2019 Notice of Annual General Meeting Explanatory Memorandum (Notice). A copy of the Notice is available at https://talgagroup.eu-central-.linodeobjects.com/app/uploads/imports/asx-announcements/00a72daf-946 f-4e20-955f-d4006b242e49/NoticeofAnnualGeneralMeetingProxyForm.pdf

Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 1.00000000 31/10/2028

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

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

4 / 7

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

==> picture [21 x 22] intentionally omitted <==

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-946 f-4e20-955f-d4006b242e49/NoticeofAnnualGeneralMeetingProxyForm.pdf Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details Number of +securities 2,000,000

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

5 / 7

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

==> picture [21 x 22] intentionally omitted <==

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	456,271,152

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
TLGAC : SHARE PERFORMANCE RIGHTS ESIS	163,600
New class - code to be confirmed : Unquoted share options under the Employee Securities	2,000,000
Incentive Scheme (ESIS)

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

6 / 7

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

==> picture [21 x 22] intentionally omitted <==

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? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

13

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

7 / 7