Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 8 Announcement Summary Entity name FBR LTD Announcement Type New announcement Date of this announcement 7/9/2026 The Proposed issue is: Total number of +securities proposed to be issued for a placement or other type of issue ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed Options expiring 5 years after date of issue exercise price $0.14 21,739,130 New class-code to be confirmed Options expiring 5 years after date of issue exercise price $0.14 13,043,479 New class-code to be confirmed Options expiring 5 years after date of issue exercise price $0.14 4,347,826 FBR ORDINARY FULLY PAID 7,000,000 Proposed +issue date 30/11/2026 Refer to next page for full details of the announcement A placement or other type of issue Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 8 Part 1 - Entity and announcement details 1.1 Name of +Entity FBR LTD We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules. If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation). 1.2 Registered Number Type ACN Registration Number 090000276 1.3 ASX issuer code FBR 1.4 The announcement is 1.5 Date of this announcement 7/9/2026 1.6 The Proposed issue is: A placement or other type of issue New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 8 Part 7 - Details of proposed placement or other issue Part 7A - Conditions 7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? 7A.1a Conditions Approval/Condition +Security holder approval Date for determination 30/11/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Part 7B - Issue details Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Options expiring 5 years after date of issue exercise price $0.14 +Security type Options Number of +securities proposed to be issued 21,739,130 Offer price details Yes No No New class Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 8 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities One option for every one share subscribed for and issued under the SPP announced on 7 September 2026 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.1400 Expiry date 30/11/2031 Details of the type of +security that will be issued if the option is exercised FBR : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:FBR) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer to ASX announcement relating to the capital raising dated 7 September 2026 Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Options expiring 5 years after date of issue exercise price $0.14 Yes No No New class Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 8 +Security type Options Number of +securities proposed to be issued 13,043,479 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities One option for every one share subscribed for and issued under the Placement announced on 7 September 2026 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.1400 Expiry date 30/11/2031 Details of the type of +security that will be issued if the option is exercised FBR : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:FBR) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer to ASX announcement relating to the capital raising dated 7 September 2026 Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ASX +security code and description FBR : ORDINARY FULLY PAID No Existing class Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 8 Number of +securities proposed to be issued 7,000,000 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Lead manager services in relation to the capital raising announced on 7 September 2026 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Will the proposed issue of this +security include an offer of attaching +securities? Details of +securities proposed to be issued ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them) Have you received confirmation from ASX that the terms of the proposed +securities are appropriate and equitable under listing rule 6.1? Will the entity be seeking quotation of the 'new' class of +securities on ASX? ASX +security code New class-code to be confirmed +Security description Options expiring 5 years after date of issue exercise price $0.14 +Security type Options Number of +securities proposed to be issued 4,347,826 Offer price details Are the +securities proposed to be issued being issued for a cash consideration? Please describe the consideration being provided for the +securities Lead manager services in relation to the Placement announced on 7 September 2026 No Yes No No New class Yes No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 8 Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities 0.00000001 Will all the +securities issued in this class rank equally in all respects from their issue date? Options details +Security currency AUD - Australian Dollar Exercise price AUD 0.1400 Expiry date 30/11/2031 Details of the type of +security that will be issued if the option is exercised FBR : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX:FBR) Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities proposed to be issued or provide the information by separate announcement. Refer to ASX announcement relating to the capital raising dated 7 September 2026 Part 7C - Timetable 7C.1 Proposed +issue date 30/11/2026 Part 7D - Listing Rule requirements 7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 30/11/2026 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No No No Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 8 / 8 Part 7E - Fees and expenses 7E.1 Will there be a lead manager or broker to the proposed issue? 7E.1a Who is the lead manager/broker? Peak Asset Management Pty Ltd and Alpine Capital Pty Ltd 7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker? 6% (excluding GST) on all funds raised under the Placement through any introductions made by the JLMs; one (1) option for every three (3) shares issued in respect of funds raised under the Placement through any introductions made by the JLMs; up to 7,000,000 shares based on the total amount raised under the Placement and SPP, with 3,000,000 Broker Shares issued subject to raising A$3,000,000 and a further 4 Broker Shares per A$1 raised up to A$4,000,000 7E.2 Is the proposed issue to be underwritten? 7E.2a Who are the underwriter(s)? To be provided on signing of definitive agreements 7E.2b What is the extent of the underwriting (ie the amount or proportion of the proposed issue that is underwritten)? To be provided on signing of definitive agreements 7E.2c What fee, commission or other consideration is payable to them for acting as underwriter(s)? To be provided on signing of definitive agreements 7E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated. To be provided on signing of definitive agreements 7E.3 Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed issue? 7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue Part 7F - Further Information 7F.01 The purpose(s) for which the entity is issuing the securities Factory Acceptance Testing, commercial demonstrations and further development of Mantis for additional applications; advance the commercialisation and deployment of Hadrian; short-term debt repayment and general working capital 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? 7F.2 Any other information the entity wishes to provide about the proposed issue 7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f) No No Yes Yes No Yes Yes