Announcement PDF 604 page 1/4 July 2000 13958442_1/CWG/3131317 Form 604 Corporations Law Section 671B Notice of change in interests of substantial holder To Company Name/Scheme Bannerman Energy Ltd ACN/ARSN 34 113 017 128 1. Details of substantial holder (1) Name MM Asset Management Inc. ACN/ARSN (if applicable) N/A There was a change in the interests of the substantial holder on See Annexure A The previous notice was given to the company on 29 January 2026 The previous notice was dated 29 January 2026 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) has a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities (4) Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5) See Annexure A 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of change Person whose relevant interest changed Nature of change (6) Consideration given in relation to change (7) Class and number of securities affected Person's votes affected See Annexure A 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes See Annexure A 5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN/ARSN (if applicable) Nature of association Not applicable 604 page 2/4 July 2000 13958442_1/CWG/3131317 6. Addresses The addresses of persons named in this form are as follows: Name Address MM Asset Management Inc. 161 Bay Street Suite 2240 Toronto, ON M5J 2S1 CANADA Macquarie Bank Limited Level 6 50 Martin Place SYDNEY NSW 2000 Signature print name HILLEL MELTZ capacity DIRECTOR sign here date / /2026 DIRECTIONS (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form. (2) See the definition of "associate" in section 9 of the Corporations Law. (3) See the definition of "relevant interest" in section 608 and 671B(7) of the Corporations Law. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100. (6) Include details of: (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Law. (7) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. ILLEL MELTZ 15 09 604 page 3/4 July 2000 13958442_1/CWG/3131317 Annexure A This is the annexure marked ‘A’ of 2 pages referred to in the Notice of change of interests of substantial shareholder. ________________________ Hillel Meltz Director, MM Asset Management Inc. 15 September 2026 MM Asset Management Inc. (MMAM) has a cash settled equity swap position in the Company with Macquarie Bank Limited as writer. Disclosure of MMAM’s position may not be required in accordance with Chapter 6C of the Corporations Act, but may be required by Australian Takeovers Panel guidance. Accordingly, we have modified the disclosure below as it relates to “relevant interests”, “votes” and “voting power”. MMAM’s disclosed position below are all long equity derivative positions. MMAM does not have short equity derivative positions that offset long positions to disclose, or short positions of more than 1% that have been acquired after a long position was disclosed. Previous and present swap interests Class of securities (4) Previous notice Present notice No. of shares % No. of shares % Fully paid ordinary shares 19,675,453 9.47% 19,296,265 8.08% _______________ __ __ _ __ __ __ __ __ __ __ _ __ _ _ _ _ _ __ H 604 page 4/4 July 2000 13958442_1/CWG/3131317 Changes Particulars of each change in swap interests since last notices are as follows: : Date of change Increase or decrease of swap interest Consideration given in relation to price change (7) Class and number of securities affected 4 February 2026 Decrease 4.369811 22,152 fully paid ordinary shares 2 March 2026 Decrease 4.88346 365,009 fully paid ordinary shares 3 March 2026 Decrease 4.806355 117,295 fully paid ordinary shares 1 April 2026 Decrease 3.945362 439,498 fully paid ordinary shares 14 April 2026 Decrease 4.07481 86,032 fully paid ordinary shares 15 April 2026 Decrease 4.176099 65,491 fully paid ordinary shares 15 April 2026 Decrease 4.166312 100,000 fully paid ordinary shares 16 April 2026 Decrease 4.342121 100,000 fully paid ordinary shares 17 April 2026 Decrease 4.485723 92,711 fully paid ordinary shares 15 September 2026 Increase 4.00 1,000,000 fully paid ordinary shares