VHM LIMITED — Share Issue/Capital Change 2025

Oct 20, 2025

Appendix 3H - Notification of cessation of securities

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Announcement Summary

Entity name

VHM LIMITED

Announcement Type

New announcement

Date of this announcement

Tuesday October 21, 2025

Details of +securities that have ceased

		Number of
ASX +security		+securities that	The +securities have	Date of
code	Security description	have ceased	ceased due to	cessation
VHMAR	OPTION EXPIRING	846,774	Lapse of conditional right to	20/10/2025
	07-NOV-2029 EX NIL		securities because the
			conditions have not been, or
			have become incapable of
			being, satisfied

Refer to next page for full details of the announcement

Appendix 3H - Notification of cessation of securities

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Appendix 3H - Notification of cessation of securities

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Part 1 - Announcement Details

1.1 Name of +Entity

VHM LIMITED

We (the entity named above) provide the following information about our issued capital.

1.2 Registered Number Type Registration Number ACN 601004102

1.3 ASX issuer code

VHM

1.4 The announcement is

New announcement

1.5 Date of this announcement

21/10/2025

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Appendix 3H - Notification of cessation of securities

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Part 2 - Details of +equity securities or +debt securities that have ceased

ASX +Security Code and Description

VHMAR : OPTION EXPIRING 07-NOV-2029 EX NIL

Unquoted +equity securities that have ceased

Number of securities that have ceased

846,774

Reason for cessation

Lapse of conditional right to securities because the conditions have not been, or have become incapable of being, satisfied

Date of cessation

20/10/2025

Is the entity paying any consideration for the cessation? No

Any other information the entity wishes to notify to ASX about the cessation?

Forfeiture of ZEPOs (unquoted) lapsing under the Company's Employee Option Plan.

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Appendix 3H - Notification of cessation of securities

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Part 3 - Issued capital following changes

Following the cessation of the +securities the subject of this notification, the issued capital of the entity will comprise:

The figures in parts 3.1 and 3.2 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.

3.1 Quoted +equity securities and +debt securities (total number of each +class of +securities quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
VHM : ORDINARY FULLY PAID	259,171,423

3.2 Unquoted +equity securities (total number of each +class of +equity securities issued but not quoted on ASX)

	Total number of
ASX +security code and description	+securities on issue
VHMAS : PERFORMANCE RIGHTS	1,200,000
VHMAR : OPTION EXPIRING 07-NOV-2029 EX NIL	0
VHMAQ : OPTION EXPIRING 01-DEC-2026 EX $1.35	2,500,000

Note: the figures stated in the tables above are used to calculate the total market capitalisation of the entity published by ASX from time to time. The table will not include those classes of +securities that have ceased or lapsed in their entirety in ASX records before the announcement date described in Q1.5, even if the entity has advised ASX of a change to that class of +security in Part 2 of this form.

Appendix 3H - Notification of cessation of securities

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