Notification to Eligible and Ineligible Retail Shareholders

Vulcan Steel Limited 29 Neales Road, East Tamaki, Auckland 2013, New Zealand P +64 9 273 7214 E investor@vulcan.co V U L C A N. C O
Vulcan Steel Limited (ASX: VSL, NZX: VSL)
ASX/NZX/Media Release
29 August 2025

NOT FOR RELEASE TO US WIRE SERVICES OR DISTRIBUTION IN THE UNITED STATES

Retail Entitlement Offer –
Notification to Eligible and Ineligible Retail Shareholders

Vulcan Steel Limited (Vulcan) will today despatch the attached letters to eligible and
ineligible retail shareholders in relation to the retail component of its accelerated pro-rata
renounceable entitlement offer of fully paid ordinary shares in Vulcan, detailed of which
were announced to ASX on Tuesday, 26 August 2025.
Further information and shareholder enquiries
Shareholders can contact the Vulcan Entitlement Offer Information Line on 1800 502 914
(within Australia) between 8.30am to 5.00pm (AEST) weekdays or +61 9 375 5998 (within
New Zealand) between 8.30am and 5.00pm (NZST) weekdays during the retail offer period
for more information.
Key dates related to the Retail Entitlement Offer are appended.

ENDS

Kar Yue Yeo and Sarah-Jane Lawson
Investor and media contacts
Email: karyue.yeo@vulcan.co
Email: sarah-jane.lawson@vulcan.co
Phone: +64 9 273 7214

This announcement was authorised by Vulcan’s Board of Directors.

Vulcan Steel Limited 29 Neales Road, East Tamaki, Auckland 2013, New Zealand P +64 9 273 7214 E investor@vulcan.co V U L C A N. C O

About Vulcan
Founded in 1995, Vulcan is an Australasian-wide industrial product distributor and value-
added processor with 66 logistics and processing facilities employing approximately 1,350
staff across the company’s Steel and Metals divisions.
About Roofing Industries
Founded in 1999, Roofing Industries is an established manufacturer and supplier of steel
roofing and cladding products. The company employs more than 250 staff and operates in
15 locations servicing residential, commercial and rural markets across New Zealand.
This announcement has been prepared for publication in Australia and New Zealand and
may not be released to US wire services or distributed in the United States. This
announcement does not constitute an offer to sell, or a solicitation of an offer to buy,
securities in the United States or any other jurisdiction. Any securities described in this
announcement have not been, and will not be, registered under the US Securities Act of 1933
and may not be offered or sold in the United States except in transactions exempt from, or
not subject to, the registration requirements of the US Securities Act and applicable US state
securities laws.

Vulcan Steel Limited 29 Neales Road, East Tamaki, Auckland 2013, New Zealand P +64 9 273 7214 E investor@vulcan.co V U L C A N. C O

Key dates for the Retail Entitlement Offer
Record Date for the Entitlement Offer (7.00pm AEST) Thursday, 28 August 2025
Retail Entitlement Offer opens (8.00am AEST) Tuesday, 2 September 2025
Retail Entitlement Offer closes (5.00pm AEST) Thursday, 11 September 2025
Announcement of results of Retail Entitlement Offer Tuesday, 16 September 2025
Retail Shortfall Bookbuild (for Retail Entitlements not taken
up and Retail Entitlements of Ineligible Retail
Shareholders)
Tuesday, 16 September 2025
Announcement of results of Retail Shortfall Bookbuild Wednesday, 17 September 2025
ASX settlement of New Shares issued under the Retail
Entitlement Offer
Friday, 19 September 2025
ASX allotment and trading of New Shares issued under
the Retail Entitlement Offer on the ASX
Monday, 22 September 2025
NZX settlement, allotment and trading of New Shares
issued under the Retail Entitlement Offer on the NZX
Monday, 22 September 2025
Holding statements in respect of New Shares issued
under the Retail Entitlement Offer dispatched
Tuesday, 23 September 2025
Retail Premium expected to be paid to eligible retail
shareholders who elected not to take-up their
entitlements and ineligible shareholders
On or about Monday, 29
September 2025

These dates (except where historical) are indicative only and are subject to change without
notice. All times and dates refer to the time and date in Australian Eastern Standard Time
(AEST). Subject to applicable laws and the ASX Listing Rules, Vulcan has the right to amend
the timetable with the consent of the underwriters.