VEEM LTD — AGM Information 2023

Oct 2, 2023

ASX RELEASE 3 October 2023

DATE OF AGM AND FACILITY TOUR

AND

CLOSING DATE FOR DIRECTOR NOMINATIONS

VEEM Limited (ASX: VEE) (‘VEEM’ or ‘the Company’), a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defense industries, advises in accordance with ASX Listing Rule 3.13.1 that the Annual General Meeting (AGM) of the Company will be held at 3pm AWST on Wednesday 22 November 2023.

In accordance with the Company’s Constitution, the closing date for the receipt of nominations for the election of Directors is 11 October 2023. Any nominations must be received no later than 5.00pm (AWST) on 11 October 2023 at the Company’s Registered Office.

Facility Tour

Shareholders and guests are invited to attend a tour of VEEM’s main manufacturing facility at 22 Baile Rd, Canning Vale WA at 2pm, an hour before the meeting on 22 November 2023. Parking is available at 22 Baile Rd and shareholders will have time to drive the 2km to the location of the meeting at 1 Brewer Rd, Canning Vale WA before 3pm.

Shareholders and guests are also invited to stay after the meeting for a tour of the VEEM gyrostabilizer facility with the Directors and management. Refreshments will be provided.

Please register for the tour of facilities using the link below:

• https://veem.com.au/veem registration

This ASX announcement was authorised for release by VEEM Managing Director, Mark Miocevich.

Further information:

VEEM Managing Director CFO & Company Secretary Investor Relations Mark Miocevich David Rich Ben Larsen +61 8 9455 9355 +61 8 9455 9355 +61 439 789 842 benl@nwrcommunications.com.au

VEEM LIMITED P.O.Box 1542, ABN 51 008 944 009 Canning Vale, ASX: VEE Western Australia 6970

veem.com.au

ASX RELEASE 3 October 2023

ABOUT VEEM LIMITED (ASX: VEE)

VEEM Ltd is a designer and manufacturer of disruptive, high-technology marine propulsion and stabilization systems for the global luxury motor yacht, fast ferry, commercial workboat and defense industries. VEEM’s market leading Gyrostabilizers significantly reduce the rolling motion of vessels in waves, increasing on-sea time and improving personnel safety and efficiency in a wide range of ocean conditions.

VEEM is also a successful producer of high-performance propellers, fin systems and specialized components delivering consistent profits, cash flow and dividends while also reinvesting in research and development for new products and processes.

Proudly headquartered in Perth, Western Australia, VEEM operates from a 14,700 sqm purpose-built fabrication and manufacturing facility, including Australia’s largest non-ferrous foundry. VEEM employs approximately 200 staff in Australia, including graduates and apprentices, and maintains a highly skilled research and development team in-house. Celebrating its 50th anniversary in business in 2018, VEEM listed on the Australian Securities Exchange in 2016. www.veem.com.au

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VEEM LIMITED ASX: VEE

Canning Vale, veem.com.au Western Australia 6970