VBX LIMITED — Director's Dealing 2025

Dec 7, 2025

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity: VBX Limited

ABN: 79 163 215 914

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Richard de Franck
Date of last notice	20 June 2025

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	RAJR HOLDINGS PTY LTD (Director and Shareholder)
Date of change	2 December 2025 3 December 2025
No. of securities held prior to change	Direct Interest 1,834,167 – Fully Paid Ordinary Shares Escrowed to 17 June 2027 500,000 – Unlisted Options Exercisable at $0.75 Expiring 13 June 2028 Escrowed to 17 June 2027 1,253,333 – Fully Paid Ordinary Shares Indirect Interest RAJR HOLDINGS PTY LTD 50,000 - Escrowed shares to 17 June 2027 100,000 - Fully Paid Ordinary Shares OFFSHORE INSTALLATION SERVICES PTY LTD 6,712,501 - Escrowed shares to 17 June 2027 1,966,666 - Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Class	Fully Paid Ordinary Shares (FPO)
Number acquired	2 December 2025 – 51,869 FPO 3 December 2025 – 97,808 FPO Total – 149,677 FPO
Number disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	$63,478.32
No. of securities held after change	Direct Interest 1,834,167 – Fully Paid Ordinary Shares Escrowed to 17 June 2027 500,000 – Unlisted Options Exercisable at $0.75 Expiring 13 June 2028 Escrowed to 17 June 2027 1,253,333 – Fully Paid Ordinary Shares Indirect Interest RAJR HOLDINGS PTY LTD 50,000 - Escrowed shares to 17 June 2027 249,677 - Fully Paid Ordinary Shares OFFSHORE INSTALLATION SERVICES PTY LTD 6,712,501 - Escrowed shares to 17 June 2027 1,966,666 - Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On market purchase

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder (if issued securities)	N/A
Date of change	N/A
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A
Interest after change	N/A

Part 3 – +Closed period

Part 3 – +Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade toproceed during thisperiod?	N/A
If prior written clearance was provided, on what date was thisprovided?	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Page 3