Announcement PDF Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 1 / 8 Announcement Summary Entity name PROVARIS ENERGY LTD Announcement Type New announcement Date of this announcement 28/9/2026 The Proposed issue is: Total number of +securities proposed to be issued for an offer of securities under a securities purchase plan ASX +security code +Security description Maximum Number of +securities to be issued New class-code to be confirmed Unlisted options 40,000,000 PV1 ORDINARY FULLY PAID 120,000,000 +Record date 25/9/2026 Offer closing date 16/10/2026 +Issue date 23/10/2026 Refer to next page for full details of the announcement An offer of securities under a securities purchase plan 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 PROVARIS ENERGY 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 ABN Registration Number 53109213470 1.3 ASX issuer code PV1 1.4 The announcement is 1.5 Date of this announcement 28/9/2026 1.6 The Proposed issue is: An offer of +securities under a +securities purchase plan New announcement Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 3 / 8 Part 4 - Details of proposed offer under securities purchase plan Part 4A - Conditions 4A.1 Do any external approvals need to be obtained or other conditions satisfied before the offer of +securities under the +securities purchase plan issue can proceed on an unconditional basis? 4A.1a Conditions Approval/Condition +Security holder approval Date for determination 27/11/2026 Is the date estimated or actual? ** Approval received/condition met? No Comments Require shareholder approval for the offer of the related options issue. Estimated Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 4 / 8 Part 4B - Offer details +Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued ASX +security code and description PV1 : ORDINARY FULLY PAID 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 PV1 : ORDINARY FULLY PAID Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 120,000,000 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 the offer be conditional on applications for a maximum number of +securities being received or a maximum amount being raised (i.e. a maximum 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)? Is the minimum acceptance unit based or dollar based? Please enter the minimum acceptance value $ 1,000 Will individual security holders be limited to accepting the offer for a maximum number or value of +securities (i.e. a maximum acceptance condition)? Is the maximum acceptance unit based or dollar based? Please enter the maximum acceptance value $ 30,000 Describe all the applicable parcels available for this offer in number of securities or dollar value $1,000, $2,500, $5,000, $10,000, $20,000, and $30,000 Offer price details Dollar based ($) Yes Dollar based ($) Yes No No Yes Dollar based ($) Yes Dollar based ($) Yes No No Yes Dollar based ($) Yes Dollar based ($) Yes No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 5 / 8 Offer price details Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.00500 Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements The Directors reserve the right to accept oversubscriptions as they deem appropriate but not exceeding the threshold of $30,000 per shareholder. The Directors may also, in their absolute discretion, scale-back applications on an equitable basis. Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Attaching +Security The proposed attaching security can only be of an 'Existing class' (additional +securities in a class that is already quoted or recorded by ASX) Attaching +Security - New class (+securities in a class that is not yet quoted or recorded by ASX) Details of attaching +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 Unlisted options +Security type Options Offer ratio (ratio of attaching securities at which the new +securities will be issued) The quantity of attaching +securities to be issued 1 For a given quantity of the new +securities issued 3 What will be done with fractional entitlements? Fractions rounded up to the next whole number Maximum total number of those +securities that could be issued if all offers under the +securities purchase plan are accepted 40,000,000 Offer price details No No New class Yes Yes Yes No No New class Yes Yes Yes No No New class Yes Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 6 / 8 Has the offer price been determined? In what currency will the offer be made? AUD - Australian Dollar What is the offer price per +security? AUD 0.00000 Please confirm whether the offer of the attaching +securities is a separate offer to the offer pursuant to the +security purchase plan Please confirm whether the attaching +securities are being offered under a +disclosure document or +PDS Oversubscription & Scale back details Will a scale back be applied if the offer is over-subscribed? Describe the scale back arrangements The Directors reserve the right to accept oversubscriptions as they deem appropriate but not exceeding the threshold of $30,000 per shareholder. The Directors may also, in their absolute discretion, scale-back applications on an equitable basis. 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 0.0130 Expiry date 16/12/2029 Details of the type of +security that will be issued if the option is exercised PV1 : ORDINARY FULLY PAID Number of securities that will be issued if the option is exercised One fully paid ordinary share (ASX: PV1) for each exercised Option 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 separate ASX announcement 28 September 2026. Part 4C - Timetable 4C.1 Date of announcement of +security purchase plan 28/9/2026 4C.2 +Record date 25/9/2026 4C.3 Date on which offer documents will be made available to investors Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 7 / 8 4C.3 Date on which offer documents will be made available to investors 2/10/2026 4C.4 Offer open date 2/10/2026 4C.5 Offer closing date 16/10/2026 4C.7 +Issue date and last day for entity to announce results of +security purchase plan offer 23/10/2026 Part 4D - Listing Rule requirements 4D.1 Does the offer under the +securities purchase plan meet all of the requirements of listing rule 7.2 exception 5 or do you have a waiver from those requirements? Part 4E - Fees and expenses 4E.1 Will there be a lead manager or broker to the proposed offer? 4E.2 Is the proposed offer to be underwritten? 4E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? 4E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer Nil other than usual share registry and legal fees. Part 4F - Further Information 4F.01 The purpose(s) for which the entity intends to use the cash raised by the proposed issue Ongoing development of the Company's proprietary tank design and fabrication methodology for the storage and marine transportation of gases, including hyrdogen and liquid carbon dioxide. 4F.1 Will the entity be changing its dividend/distribution policy if the proposed offer is successful? 4F.2 Countries in which the entity has +security holders who will not be eligible to accept the proposed offer The offer will only be available to Australian and New Zealand shareholders. 4F.3 URL on the entity's website where investors can download information about the proposed offer https://investors.provaris.energy/announcements No No No No Yes Appendix 3B - Proposed issue of securities Appendix 3B - Proposed issue of securities 8 / 8 4F.4 Any other information the entity wishes to provide about the proposed offer The new shares issued pursuant to the share purchase plan will be issued in compliance with Listing Rule 7.2, exception 5 pursuant to a share purchase plan offer booklet and will not use the Company's placement capacities under Listing Rules 7.1 or 7.1A. The Options will be offered under a separate options offer prospectus and be subject to shareholder approval.