Announcement PDF Heavy Rare Earths Limited ACN 648 991 039 Level 21, 459 Collins Street, Melbourne VIC 3000 | +61 3 8630 3321 | info@hreltd.com.au | Page1 of 1 ASX:HRE 2 October 2026 ASX Announcement ASX Quotation of Attaching Options Heavy Rare Earths Limited (“HRE”or “the Company”) refers to its non-renounceable pro rata entitlement offer(Entitlement Offer) of one (1) newfully paid ordinary share (New Shares) forevery eight(8) fullypaid ordinary shares held at Record Date (24 August 2026) with one (1) free-attaching Option for every two (2) New Shares subscribed for and issued under the Entitlement Offer (New Options), which closed on 25 September 2026. The Company advises that, pursuant to the Appendix 2A that accompanies this announcement, it has applied to the ASX for the quotation of the New Options. As required by the ASX Listing Rules, please find following: • Distribution Schedule • Top 20 Shareholders This announcement has been approved by the Board of HRE For more information, please contact: Jason Barnett CEO and MD +61 03 8630 3321 info@hreltd.com.au Alex Cowie NWR Communications +61 412 952 610 alexc@nwrcommunications.com.au About Heavy Rare Earths Limited Heavy Rare Earths Limited (ASX:HRE) is an Australian uranium and critical minerals exploration and development company. HRE’s key exploration projects are in the uranium-and critical minerals-rich Curnamona Province of eastern South Australia and in the Mid-West region of Western Australia. Security Classes Listed Options $0.06 Expiring 26 February 2028 Holdings Ranges Holders Total Units % 1 - 1,000 35 18,607 0.30 1,001 - 5,000 58 141,783 2.28 5,001 - 10,000 23 180,693 2.91 10,001 - 100,000 51 2,046,728 32.92 100,001 - 999,999,999 11 3,828,778 61.59 TOTAL 178 6,216,589 100.00 Boardroom Pty Limited ABN 14 003 209 836 | boardroomlimited.com.au | enquiries@boardroomlimited.com.au 1 of 1 Analysis of Holdings Heavy Rare Earths Limited 02-10-2026 Security Classes Listed Options $0.06 Expiring 26 February 2028 Holder Name Securities % DECK CHAIR HOLDINGS PTY LTD 877,318 14.113% ITA NOMINEES PTY LTD 496,875 7.993% KEA HOLDINGS PTY LTD <IOS HOLDING A/C> 461,447 7.423% MATHIESON DOWNS PTY LTD 406,250 6.535% KEMBLA NO 20 PTY LTD <CAA A/C> 360,122 5.793% DREAVER INVESTMENTS AUSTRALIA PTY LTD 312,500 5.027% KOLLEY PTY LTD <LUCAS FAMILY A/C> 250,000 4.021% M & K KORKIDAS PTY LTD <M & K KORKIDAS PTY LTD A/C> 250,000 4.021% MR BENJAMIN MATHEW VALLERINE & MS SAMANTHA LEIGH VALLERINE <AVALANCHE A/C> 166,667 2.681% JEJM PTY LTD <J O MALOUF FAMILY A/C> 131,250 2.111% RUSH ROASTING CO PTY LTD 116,349 1.872% STAPLE ELEMENTS PTY LTD <KIRZNER FAMILY A/C> 93,750 1.508% MOUCH PTY LTD <MOUCH FAMILY A/C> 93,750 1.508% MOWLMA PTY LIMITED 93,750 1.508% MRS CAROLYN A BERNARDI & MR PIERRE RALPH BERNARDI <CAROLYN BERNARDI SUPER F A/C> 93,750 1.508% OLIVINE NOMINEES PTY LTD 84,375 1.357% Top 20 Holdings Heavy Rare Earths Limited 02-10-2026 Boardroom Pty Limited ABN 14 003 209 836 | boardroomlimited.com.au | enquiries@boardroomlimited.com.au 1 of 2 Holder Name Securities % SANTALCO PTY LTD 78,125 1.257% MR GEOFFREY KENNETH FARNELL & MRS JANET LESLEY FARNELL <FARNELL SF A/C> 75,000 1.206% STELABEL PTY LTD <SEALINKS FAMILY A/C> 72,917 1.173% SALIENT ESCAPADE PTY LTD 70,313 1.131% CRANSTOUN SUPER PTY LTD <ANDREW BEAVEN SF A/C> 70,313 1.131% TOTALS 4,654,821 74.877% Total Securities of Top 20 Holdings : 4,654,821 Total Securities: 6,216,589 Boardroom Pty Limited ABN 14 003 209 836 | boardroomlimited.com.au | enquiries@boardroomlimited.com.au 2 of 2 Top 20 Holdings as at 02-10-2026 Heavy Rare Earths Limited