WHITEHAWK LIMITED — Capital/Financing Update 2025

Oct 23, 2025

Appendix 2A - Application for quotation of securities

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Update Summary

Entity name

WHITEHAWK LIMITED

Announcement Type

Update to previous announcement

Date of this announcement

Friday October 24, 2025

Reason for the update

The issue price per security was AUD 0.0115 as opposed to AUD0.011 stated in the previous announcement dated 24 October 2025.

Refer to next page for full details of the announcement

Appendix 2A - Application for quotation of securities

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Appendix 2A - Application for quotation of securities

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Part 1 - Entity and announcement details

1.1 Name of entity

WHITEHAWK LIMITED

We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix 2A of the ASX Listing Rules.

1.2 Registered number type

Registration number

ABN 97620459823

1.3 ASX issuer code

WHK

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The issue price per security was AUD 0.0115 as opposed to AUD0.011 stated in the previous announcement dated 24 October 2025.

1.4b Date of previous announcement to this update

24/10/2025

1.5 Date of this announcement

24/10/2025

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Appendix 2A - Application for quotation of securities

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Part 2 - Type of Issue

2.1 The +securities to be quoted are:

+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

Previous Appendix 3B details:

Announcement Date and Announcement Title Selected Appendix 3B to submit quotation Time request 13-Aug-2025 12:15 Update - Update - Proposed issue of A placement or other type of issue securities - WHK

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

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Appendix 2A - Application for quotation of securities

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B

Placement Details

ASX +security code and description

WHK : ORDINARY FULLY PAID

Issue date

24/10/2025

Distribution Schedule

Provide a distribution schedule for the new +securities according to the categories set out in the left hand column - including the number of recipients and the total percentage of the new +securities held by the recipients in each category.

category.
		Total percentage of +securities held
Number of +securities held	Number of holders	For example, to enter a value of 50%
		please input as 50.00
1 - 1,000		%
1,001 - 5,000		%
5,001 - 10,000		%
10,001 - 100,000		%
100,001 and over		%

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Appendix 2A - Application for quotation of securities

Issue details

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Number of +securities to be quoted

20,013,583 Are the +securities being issued for a cash consideration? Yes In what currency is the cash consideration being paid? What is the issue price per +security? AUD - Australian Dollar AUD 0.01150000 Any other information the entity wishes to provide about the +securities to be quoted Shareholder approval received on 25 September 2025. The shares will be voluntary escrowed until 24 November 2025.

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Appendix 2A - Application for quotation of securities

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Part 4 - Issued capital following quotation

Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the +securities subject of this application)

+securities subject of this application)
	Total number of
ASX +security code and description	+securities on issue
WHKOA : OPTION EXPIRING 24-APR-2028	70,333,335
WHK : ORDINARY FULLY PAID	915,259,416

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

	Total number of
ASX +security code and description	+securities on issue
WHKAT : SARS EXPIRING 06-MAR-2028	30,000,000
WHKAS : OPTION EXPIRING 17-OCT-2027 EX $0.022	12,500,000
WHKAU : OPTION EXPIRING 24-APR-2029 EX $0.02	30,000,000
WHKAI : PERFORMANCE RIGHTS	10,400,000
WHKAP : OPTION EXPIRING 12-MAY-2026 EX $0.10	22,500,000
WHKAQ : STOCK APPRECIATION RIGHTS	25,029,711

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