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 CARBONXT GROUP LIMITED Date of this announcement Wednesday February 25, 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 CG1AV CONVERTIBLE NOTES 500,000 25/02/2026 New class - code to be confirmed OPTION EXPRING 25-FEB-2028 EX $0.10 1,666,667 25/02/2026 Refer to next page for full details of the announcement Other 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 CARBONXT GROUP LIMITED We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities. 1.2 Registered number type ABN Registration number 59097247464 1.3 ASX issuer code CG1 1.4 The announcement is 1.5 Date of this announcement 25/2/2026 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: Please specify Issue of Convertible Notes with attaching options detailed in the announcement on 25 February 2026 2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which: does not have an existing ASX security code ("new class") does not have an existing ASX security code ("new class") has an existing ASX security code ("existing class") Other 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 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B Additional +securities in an existing class ASX +security code and description CG1AV : CONVERTIBLE NOTES Date the +securities the subject of this notification were issued 25/2/2026 Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Date of notification of the issue is the same as the issue date. The issue of 500,000 Convertible Notes, each with a face value of $1 per note, exercisable at $0.10 and expiring three years from the date of issue. The Convertible Notes will convert into a total of 5,000,000 Shares Issue details Number of +securities 500,000 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 Purpose of the issue Other Additional Details Proceeds will be used for working capital and further investment in New Carbon Processing, LLC Yes 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) New +securities ASX +security code New class - code to be confirmed +Security description OPTION EXPRING 25-FEB-2028 EX $0.10 +Security type Options ISIN code Date the +securities the subject of this notification were issued 25/2/2026 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://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03060972-2A1655850&v=undefined Options Details +Security currency AUD - Australian Dollar Exercise price AUD 0.10000000 Expiry date 25/2/2028 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option CG1 : ORDINARY FULLY PAID Any other information the entity wishes to provide about the +securities the subject of this notification Please provide any further information needed to understand the circumstances in which you are notifying the issue of these +securities to ASX, including why the issue of the +securities has not been previously announced to the market in an Appendix 3B Date of notification of the issue is the same as the issue date. The issue of 1,666,667 unlisted Options, each exercisable at $0.10 and expiring three years from the date of issue. The unlisted Options will convert into a total of 1,666,667 Shares 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 Issue details Number of +securities 1,666,667 Were the +securities issued for a cash consideration? Please describe the consideration being provided for the +securities The recipient of the Convertible Notes is entitled to receive one option (exercisable at $0.10) for every three shares issued upon conversion. Purpose of the issue Other Additional Details Proceeds will be used for working capital and further investment in New Carbon Processing, LLC No No 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 CG1 : ORDINARY FULLY PAID 433,330,377 CG1O : OPTION EXPIRING 17-SEP-2028 69,776,787 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 CG1AZ : OPTION EXPIRING 28-NOV-2027 EX $0.10 17,500,000 CG1AR : OPTION EXPIRING 20-OCT-2026 EX NIL 13,250,000 CG1AQ : WARRANT 64,000,000 CG1AU : OPTION EXPIRING 02-JAN-2027 EX $0.10 8,573,333 CG1AT : OPTION EXPIRING 01-OCT-2026 EX $0.10 23,207,919 CG1AV : CONVERTIBLE NOTES 3,565,000 CG1AW : OPTION EXPIRING 27-FEB-2027 EX $0.10 3,125,000 CG1AY : OPTION EXPIRING 14-APR-2027 EX $0.10 7,281,250 New class - code to be confirmed : OPTION EXPRING 25-FEB-2028 EX $0.10 1,666,667 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 Part 5 - Other Listing Rule requirements 5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? 5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? 5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 500,000 Convertible Notes (which will convert into 5,000,000 shares) and 1,666,667 unlisted options 5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No Yes No No