XREF LIMITED — Major Shareholding Notification 2025

Mar 25, 2025

Docusign Envelope ID: 9613AA6D-4640-49E6-ACDC-2B09F6DCB75D

603 Page 1 of 2 15 July 2001

Form 603

Corporations Act 2001 Section 671B

Notice of initial substantial holder

To Company Name/Scheme Xref Limited

ACN/ARSN ACN 122 404 666

1. Details of substantial holder (1)

Name EPI Capital Pty Ltd, Jake Phillpot, Joshua Cameron, Alexandru Ghiculescu & Tasmin Trezise (the ‘ Tanda Parties ’).

ACN/ARSN (if applicable) 158 472 943

The holder became a substantial holder on 24/03/2025

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinaryShares (Shares)	31,840,950	31,840,950	14.48% (based on219,916,686 issuedShares)

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
Each Tanda Party	Relevant interest pursuant to section608(1)(a) of the Corporations Act 2001(Cth) (Corporations Act) (for EPI CapitalPty Ltd) and 608(3)(a) (for each otherTanda Party).	27,926,443 Shares
Jake Phillpot	Relevant interest pursuant to sections608(1)(a) and 601(1)(b) of the CorporationsAct.	2,438,507 Shares
Joshua Cameron	Relevant interest pursuant to section608(1)(a) of the Corporations Act.	165,000 Shares
Alexandru Ghiculescu	Relevant interest pursuant to section608(1)(a) of the Corporations Act.	1,311,000 Shares

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number of securities
Each Tanda Party	EPI Capital Pty Ltd	EPI Capital Pty Ltd	27,926,443 Shares
Jake Phillpot	Jake Phillpot	Jake Phillpot	582,342 Shares
Jake Phillpot	Globex Nuclear Pty Ltd	Globex Nuclear Pty Ltd	1,856,165 Shares

ecpl0003_2500068_007.docx

Docusign Envelope ID: 9613AA6D-4640-49E6-ACDC-2B09F6DCB75D

603 Page 2 of 2 15 July 2001

Holder of relevantinterest	Registered holder ofsecurities	Person entitled to beregistered asholder(8)	Class and number of securities
Joshua Cameron	Joshua Cameron	Joshua Cameron	165,000 Shares
Alexandru Ghiculescu	Alexandru Ghiculescu	Alexandru Ghiculescu	1,311,000 Shares

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevantinterest	Date of acquisition	Consideration (9)	Consideration (9)	Class and number of securities
		Cash	Non-cash
EPI Capital Pty Ltd	24 March 2025	$3,630,437.59	N/A	27,926,443 Shares
Jake Phillpot	28 February 2025	$49,999.95	N/A	384,615 Shares
Jake Phillpot (GlobexNuclear Pty Ltd)	4 February to 18 March2025	$223,778.56	N/A	1,856,165 Shares
Joshua Cameron	13 February 2025	$19,800.00	N/A	165,000 Shares
Alexandru Ghiculescu	14 February to 17 March2025	$171,748.80	N/A	1,311,000 Shares

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Tanda Parties	Associates under section 12(2)(c) of the Corporations Act.

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Tanda Parties	Level 6, 545 Queen Street, Brisbane QLD 4000.

Signature

print name Jake Phillpot capacity Director of EPI Capital Pty Ltd sign here date 26 / 03 / 2025

ecpl0003_2500068_007.docx