WESTAR RESOURCES LIMITED — Share Issue/Capital Change 2026

May 7, 2026

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

Announcement Summary

Entity name
WESTAR RESOURCES LIMITED

Date of this announcement
Friday May 08, 2026

The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Total number of +securities to be issued/transferred

ASX +security code	Security description	Total number of +securities to be issued/transferred	Issue date
New class - code to be confirmed	Lead Manager Options ex $0.008 on or before 07/05/2029	40,000,000	07/05/2026

Refer to next page for full details of the announcement

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

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

Part 1 - Entity and announcement details

1.1 Name of entity
WESTAR RESOURCES LIMITED
We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type
ACN
Registration number
635895082

1.3 ASX issuer code
WSR

1.4 The announcement is
New announcement

1.5 Date of this announcement
8/5/2026

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

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

Part 2 - Issue details

2.1 The +securities the subject of this notification are:
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX

Previous Appendix 3B details:

Announcement Date and Time	Announcement Title	Selected Appendix 3B to submit quotation request
23-Feb-2026 09:56	New - Proposed issue of securities - WSR	A placement or other type of issue

2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B?
No

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

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

Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description
new unquoted class of security

Date the +securities the subject of this notification were issued
7/5/2026

Any other information the entity wishes to provide about the +securities the subject of this notification
Issue of Lead Manager options approved at EGM

Issue details

Number of +securities
40,000,000

Were the +securities issued for a cash consideration?
Yes

In what currency was the cash consideration being paid?
AUD - Australian Dollar

What was the issue price per +security?
AUD 0.00010000

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

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

Part 3C - number and type of +securities the subject of this notification (new class)

ASX +security code	+Security description
New class - code to be confirmed	Lead Manager Options ex $0.008 on or before 07/05/2029
+Security type	ISIN code
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Options

Date the +securities the subject of this notification were issued
7/5/2026

Will all the +securities issued in this class rank equally in all respects from their issue date?
Yes

Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1?
Yes

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued.
https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03072551

Options Details

+Security currency	Exercise price	Expiry date
AUD - Australian Dollar	AUD 0.00800000	7/5/2029

Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option
WSR : ORDINARY FULLY PAID

Any other information the entity wishes to provide about the +securities the subject of this notification
Refer to notice of meeting

Issue details

Number of +securities
40,000,000

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

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

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)

ASX +security code and description	Total number of +securities on issue
WSR : ORDINARY FULLY PAID	536,533,534

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

ASX +security code and description	Total number of +securities on issue
WSRAP : OPTION EXPIRING 24-DEC-2028 EX $0.01	60,000,000
WSRAO : OPTION EXPIRING 18-JUL-2027 EX $0.02	20,000,000
WSRAM : EMPLOYEE INCENTIVES	600,000
New class - code to be confirmed : Lead Manager Options ex $0.008 on or before 07/05/2029	40,000,000

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