VHM LIMITED — Director's Dealing 2025

Oct 20, 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: VHM Limited ABN: 601 004 102

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	Ronald Douglas
Date of last notice	13 January 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	Direct or indirect interest	Direct and Indirect	Direct and Indirect
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise tothe relevant interest.		HSBC Custody Nominees (Australia) Limited(Beneficial Holder) (2)
	cung regsere oer)te: Provide details of the circumstances giving rise toe relevant interest.	(eneca oer) ()
D	ate of change	20 October 2025
N	o. of securities held prior to change	500,000 Unlisted Options Exercisable at $1.35expiring 1 December 2026 (1)846,774 ZEPOS Expiring 7 November 2029 (1)489,829 Fully Paid Ordinary Shares (2)	,
Class		ZEPOS Expiring 7 November 2029
Number acquired		Nil
N	umber disposed	846,774 (1)
VNoes	alue/Considerationte: If consideration is non-cash, provide details andtimated valuation	Nil
No. of securities held after change	f riti hld ftr hn	500000 Unlitd Otin Eribl t $13

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Nature of change

Expiry of ZEPOs.

Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to	N/A
which interest related prior to
change
Note: Details are only required for a contract in relation to
which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts	N/A
detailed above traded during a+closed period
where prior written clearance was required?
If so, was prior written clearance provided to allow	N/A
the trade to proceed during this period?
If prior written clearance was provided, on what	N/A
date was this provided?

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011