Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 5 Announcement Summary Entity name ADALTA LIMITED Announcement Type New announcement Date of this announcement 25/5/2026 The Proposed issue is: Total number of +securities proposed to be issued for a non pro rata offer of securities under a disclosure document or product disclosure statement (PDS) ASX +security code +Security description Maximum Number of +securities to be issued 1ADO OPTION EXPIRING 03-JUN-2028 377083334 Closing date for receipt of acceptances 2/6/2026 Proposed +issue date 16/6/2026 Refer to next page for full details of the announcement A non pro rata offer of securities under a disclosure document or product disclosure statement (PDS) Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 2 / 5 Part 1 - Entity and announcement details 1.1 Name of +Entity ADALTA LIMITED 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 ABN Registration Number 92120332925 1.3 ASX issuer code 1AD 1.4 The announcement is 1.5 Date of this announcement 25/5/2026 1.6 The Proposed issue is: A non-+pro rata offer of +securities under a +disclosure document or +PDS New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 5 Part 5 - Details of proposed non-pro rata offer under a +disclosure document or +PDS Part 5A - Conditions 5A.1 Do any external approvals need to be obtained or other conditions satisfied before the non-pro rata offer of +securities under a +disclosure document or + PDS can proceed on an unconditional basis? 5A.1a Conditions Approval/Condition +Security holder approval Date for determination 15/6/2026 Is the date estimated or actual? ** Approval received/condition met? Comments Part 5B - Offer 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 ASX +security code and description 1ADO : OPTION EXPIRING 03-JUN-2028 The number of +securities to be offered under the +disclosure document or +PDS 377,083,334 Will the offer be conditional on applications for a minimum number of +securities being received or a minimum amount being raised (i.e. a minimum subscription condition)? Will individual security holders be required to accept the offer for a minimum number or value of +securities (i.e. a minimum acceptance condition)? Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance No No No Existing class Actual Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 5 maximum number or value of +securities (i.e. a maximum acceptance condition)? Offer price details Has the offer price been determined? How and when will the offer price be determined? Attaching securities to Placement announced on 4 May 2026. Refer to Prospectus released on 25 May 2026 and EGM Notice of meeting released on 15 May 2026 Will the offer price be determined by way of a bookbuild? Oversubscription & Scale back details Will the entity be entitled to accept over-subscriptions? Will a scale back be applied if the offer is over-subscribed? Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Part 5C - Timetable 5C.1 Lodgement date of +disclosure document or +PDS with ASIC 25/5/2026 5C.2 Date when +disclosure document or +PDS and acceptance forms will be made available to investors 26/5/2026 5C.3 Offer open date 26/5/2026 5C.4 Closing date for receipt of acceptances 2/6/2026 5C.6 Proposed +issue date 16/6/2026 Yes No No No No No Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 5 Part 5D - Listing Rule requirements 5D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? 5D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 15/6/2026 5D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Part 5E - Fees and expenses 5E.1 Will there be a lead manager or broker to the proposed offer? 5E.2 Is the proposed offer to be underwritten? 5E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 5E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Options to be issued are as announced on 4 May 2026 as part of Placement. 62 Capital Pty Ltd acted as Lead Manager for the Placement and are entitled to a fee of 6% of the gross proceeds raised, to be settled in shares and options on the same terms as the Placement. Part 5F - Further Information 5F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Attaching securities as part of Placement announced on 4 May 2026 5F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? 5F.2 Please explain the entity's allocation policy for the offer, including whether or not acceptances from existing +security holders will be given priority NA 5F.3 URL on the entity's website where investors can download the +disclosure document or +PDS https://investorhub.adalta.com.au/announcements 5F.4 Any other information the entity wishes to provide about the proposed offer Appendix 3B released in relation to options to be issued subject to shareholder approval at EGM on 15 June 2026 No No No No No Yes No Yes