ASX Appendix 2A - Application for quotation of securities

Appendix 2A - Application for quotation of securities
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Announcement Summary
Entity name
VULCAN STEEL LIMITED
Announcement Type
New announcement
Date of this announcement
Wednesday September 03, 2025
The +securities to be quoted are:
Total number of +securities to be quoted
ASX +security
codeSecurity description
Number of +securities to
be quotedIssue date
VSLORDINARY FULLY PAID9,969,00703/09/2025
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

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Part 1 - Entity and announcement details
1.1 Name of entity
VULCAN STEEL LIMITED
We (the entity named above) apply for +quotation of the following +securities and agree to the matters set out in Appendix
2A of the ASX Listing Rules.
1.2 Registered number type
ARBN
Registration number
652996015
1.3 ASX issuer code
VSL
1.4 The announcement is
1.5 Date of this announcement
3/9/2025
New announcement

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Part 2 - Type of Issue
2.1 The +securities to be quoted are:
Previous Appendix 3B details:
Announcement Date and
Time
26-Aug-2025 08:15
Announcement Title
New - Proposed issue of securities -
VSL
Selected Appendix 3B to submit quotation
request
An accelerated offer (institutional)
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
4,673,842 to be issued under the Retail Entitlement Offer on Monday, 22 September 2025.
Yes
+Securities issued as part of a transaction or transactions previously announced to the market in an Appendix 3B

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Part 3A - number and type of +securities to be quoted where issue has previously been notified to ASX in an Appendix 3B
Institutional Securities
ASX +security code and description
VSL : ORDINARY FULLY PAID
Issue date
3/9/2025
Distribution Schedule
Provide a distribution schedule for the new +securities according to the categories set out in the left hand column -
including the number of recipients and the total percentage of the new +securities held by the recipients in each
category.
Number of +securities heldNumber of holders
Total percentage of +securities held
For example, to enter a value of 50%
please input as 50.00
1 - 1,000
%
1,001 - 5,000
%
5,001 - 10,000
%
10,001 - 100,000
%
100,001 and over
%
Issue details
Number of +securities to be quoted
9,969,007
Issue currency
AUD - Australian Dollar
Issue price or consideration per +security
AUD 5.95000000
Any other information the entity wishes to provide about the +securities to be quoted
Please refer to VSL's announcement on 28 August 2025 in relation to the completion of the institutional entitlement offer.

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Part 4 - Issued capital following quotation
Following the quotation of the +securities the subject of this application, the issued capital 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 quoted on ASX following the +quotation of the
+securities subject of this application)
ASX +security code and description
Total number of
+securities on issue
VSL : ORDINARY FULLY PAID141,754,399
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
VSLAA : PERFORMANCE SHARE RIGHTS1,744,328
VSLAC : ORDINARY FULLY PAID DEFERRED14,642,822