Announcement PDF Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 1 / 8 Announcement Summary Entity name WIN METALS LTD Date of this announcement Friday September 04, 2026 The +securities the subject of this notification are: Total number of +securities to be issued/transferred ASX +security code Security description Total number of +securities to be issued/transferred Issue date New class - code to be confirmed Convertible Notes - Sep 2027 820,000 04/09/2026 Refer to next page for full details of the announcement +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 2 / 8 Part 1 - Entity and announcement details 1.1 Name of entity WIN METALS 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 ACN Registration number 648687094 1.3 ASX issuer code WIN 1.4 The announcement is 1.5 Date of this announcement 4/9/2026 New announcement Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 3 / 8 Part 2 - Issue details 2.1 The +securities the subject of this notification are: Previous Appendix 3B details: Announcement Date and Time 31-Aug-2026 17:45 Announcement Title New - Proposed issue of securities - WIN Selected Appendix 3B to submit quotation request A placement or other type of issue 2.3a.2 Are there any further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B? 2.3a.3 Please provide details of the further issues of +securities yet to take place to complete the transaction(s) referred to in the Appendix 3B Issue of 40,000 Convertible Notes to Directors pending receipt of shareholder approval to be sought at the Company's AGM Yes +Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B that are not quoted, and are not intended to be quoted, on ASX Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 4 / 8 Part 3A - number and type of +securities the subject of this notification (existing class or new class) where issue has previously been notified to ASX in an Appendix 3B Placement Details ASX +security code and description new unquoted class of security Date the +securities the subject of this notification were issued 4/9/2026 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 820,000 Were the +securities issued for a cash consideration? In what currency was the cash consideration being paid? AUD - Australian Dollar What was the issue price per +security? AUD 1.00000000 Yes Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 5 / 8 Part 3C - number and type of +securities the subject of this notification (new class) ASX +security code New class - code to be confirmed +Security description Convertible Notes - Sep 2027 +Security type +Convertible debt securities ISIN code Date the +securities the subject of this notification were issued 4/9/2026 Will all the +securities issued in this class rank equally in all respects from their issue date? Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. https://winmetals.com.au/announcements/7710596 +Convertible debt securities Details Type of +security Convertible note or bond +Security currency AUD - Australian Dollar Face value AUD 1.00000000 Interest rate type Fixed rate Frequency of coupon/interest payments per year Annual First interest payment date Interest rate per annum 10.00 % Is the interest rate per annum estimated at this time? s128F of the Income Tax Assessment Act status applicable to the +security Not applicable Is the +security perpetual (i.e. no maturity)? Maturity date 4/9/2027 Select other feature(s) applicable to the +security Is there a first trigger date on which a right of conversion, redemption, call or put can be exercised (whichever is first)? If yes, what is the first trigger date? 4/3/2027 Details of the existing class of +security that will be issued if the securities are converted, transformed or exchanged WIN : ORDINARY FULLY PAID Yes Redeemable No No No Yes Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 6 / 8 Any other information the entity wishes to provide about the +securities the subject of this notification Issue details Number of +securities 820,000 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 7 / 8 Part 4 - +Securities on issue Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise: The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing. 4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX) ASX +security code and description Total number of +securities on issue WINO : OPTION EXPIRING 03-FEB-2028 78,714,253 WIN : ORDINARY FULLY PAID 859,075,350 4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX) ASX +security code and description Total number of +securities on issue WINAW : OPTION EXPIRING 31-MAY-2028 EX $0.04 20,626,303 WINAAC : OPTION EXPIRING 28-NOV-2027 EX $0.04 71,132,291 WINAH : OPTION EXPIRING 30-SEP-2030 EX $0.057 1,694,000 WINAR : OPTION EXPIRING 30-OCT-2027 EX $0.23 184,334 WINAS : OPTION EXPIRING 30-OCT-2028 EX $0.29 184,333 WINAT : OPTION EXPIRING 30-OCT-2029 EX $0.35 184,333 WINAY : PERFORMANCE RIGHTS 9,782,000 WINAZ : OPTION EXPIRING 30-SEP-2028 EX $0.036 16,574,840 WINAAA : OPTION EXPIRING 30-SEP-2029 EX $0.045 15,284,208 WINAAB : OPTION EXPIRING 30-SEP-2030 EX $0.055 13,878,207 WINAA : OPTION EXPIRING 30-SEP-2030 EX $0.026 3,815,000 New class - code to be confirmed : Convertible Notes - Sep 2027 820,000 Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities 8 / 8