Announcement PDF Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Announcement Summary Entity name FBR LTD Date of this announcement Friday January 12, 2024 The +securities the subject of this notification are: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX Total number of +securities to be issued/transferred ASX +security code New class - code to be confirmed Security description PERFORMANCE RIGHTS AB - 31 JULY 2025 Refer to next page for full details of the announcement Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 1/7 Total number of +securities to be issued/transferred Issue date 58,500,000 12/01/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 1 - Entity and announcement details 1.1 Name of entity FBR LTD We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type Registration number ABN 58090000276 1.3 ASX issuer code FBR 1.4 The announcement is New announcement 1.5 Date of this announcement 12/1/2024 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 2/7 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: +Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 3/7 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) where issue has not previously been notified to ASX in an Appendix 3B ASX +security code +Security description New class - code to be confirmed PERFORMANCE RIGHTS AB - 31 JULY 2025 +Security type ISIN code Other Date the +securities the subject of this notification were issued 12/1/2024 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. The terms of the FBR Limited Employee Securities Incentive Plan (2023) was contained in the Notice of Meeting for FBR Limited's 2023 Annual General Meeting https://www.fbr.com.au/upload/pages/20231027161058/2631674-notice-of-annual-general-meeting_proxy-form.pdf Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms The terms of the FBR Limited Employee Securities Incentive Plan (2023) was contained in the Notice of Meeting for FBR Limited's 2023 Annual General Meeting https://www.fbr.com.au/upload/pages/20231027161058/2631674-notice-of-annual-general-meeting_proxy-form.pdf Any other information the entity wishes to provide about the +securities the subject of this notification Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 4/7 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Issue details Number of +securities 58,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 5/7 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 application, the +securities of the entity will comprise: (A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.) 4.1 Quoted +Securities (Total number of each +class of +securities quoted) Total number of +securities on issue ASX +security code and description FBR : ORDINARY FULLY PAID 3,974,928,314 4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX) Total number of +securities on issue ASX +security code and description FBRAM : PERFORMANCE RIGHTS EXPIRING 31-JUL-2026 104,000,000 FBRAN : OPTION EXPIRING 31-DEC-2024 EX $0.026 84,000,000 FBRAL : OPTION EXPIRING 31-DEC-2023 EX $0.035 56,000,000 FBRAK : PERFORMANCE RIGHTS EXPIRING 31-JUL-2024 EX NIL New class - code to be confirmed : PERFORMANCE RIGHTS AB - 31 JULY 2025 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 6/7 650,000 58,500,000 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes 5.1a Select the number of the applicable exception in Listing Rule 7.2 13 Notification of Issue, Conversion or Payment up of Unquoted Equity Securities 7/7