ASX Appendix 3Y - Change Director's Interest- Russell Chenu

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Rule 3.19A.2
Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information
and documents given to ASX become ASX’s property and may be made public.
Introduced 30/09/01 Amended 01/01/11

Name of entity: Vulcan Steel Limited
ARBN: 652 996 015 (incorporated in New Zealand)

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for
the director for the purposes of section 205G of the Corporations Act.

Name of Director Russell Chenu
Date of last notice 6 March 2025
Date of this notice 25 September 2025

Part 1 - Change of director’s relevant interests in securities
In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should
be disclosed in this part.

Direct or indirect interest Direct and Indirect
Nature of indirect interest
(including registered holder)
Note: Provide details of the circumstances giving rise to the
relevant interest.

Barratta Super Pty Ltd (ACN 600 154 461) as
trustee for Barratta Super Fund, of which
Russell Chenu is a beneficiary.
Russell Chenu is also a director and
shareholder of Barratta Super Pty Ltd.

Date of change 18 September 2025, 19 September 2025 and
22 September 2025

No. of securities held prior to change 63,896 ordinary shares held by Barratta
Super Pty Ltd (ACN 600 154 461) as trustee
for Barratta Super Fund, of which Russell
Chenu is a beneficiary.

1,500 ordinary shares held by Russell Chenu
Class

Fully paid ordinary shares

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

Number acquired








Barratta Super Pty Ltd – 19,600 ordinary
shares acquired, as follows:

 5,042 ordinary shares on 18 September
2025
 7,458 ordinary shares on 19 September
2025
 7,100 ordinary shares on 22 September
2025

Russell Chenu – 167 ordinary shares
acquired on 22 September 2025
Number disposed N/A



Value/Consideration
Note: If consideration is non-cash, provide details and estimated
valuation

Barratta Super Pty Ltd – total consideration
of AU$132,245, as follows:

 AU$36,677.40 on 18 September 2025
 AU$53,322.60 on 19 September 2025
 AU$42,245.00 on 22 September 2025

Russell Chenu – AU$993.65

No. of securities held after change 83,496 ordinary shares held by Barratta
Super Pty Ltd (ACN 600 154 461) as trustee
for Barratta Super Fund, of which Russell
Chenu is a beneficiary.

1,667 ordinary shares held by Russell Chenu
Nature of change
Example: on-market trade, off-market trade, exercise of options,
issue of securities under dividend reinvestment plan, participation
in buy-back
On-market trades on 18 September 2025 and
19 September 2025

Allotment of ordinary shares on
22 September 2025 under the retail
component of the fully underwritten
accelerated renounceable entitlement offer
announced to NZX and ASX on 26 August
2025

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should
be disclosed in this part.

Detail of contract
N/A
Nature of interest


N/A
Name of registered holder
(if issued securities)

N/A

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Date of change
N/A
No. and class of securities to
which interest related prior to
change
Note: Details are only required for a contract in
relation to which the interest has changed

N/A
Interest acquired
N/A
Interest disposed
N/A
Value/Consideration
Note: If consideration is non-cash, provide details
and an estimated valuation

N/A
Interest after change
N/A



Part 3 –
+
Closed period

Were the interests in the securities or
contracts detailed above traded during a
+
closed period where prior written
clearance was required?



No. Securities purchased on 18
September and 19 September 2025 were
purchased within Vulcan Steel Limited’s
permitted 28-day trading window
(following release of VSL’s full-year
results on 26 August 2025). However,
written pre-approval is still required under
Vulcan’s Securities Trading Policy. VSL’s
Chair of its Audit and Risk Committee
granted written prior approval to trade on
17 September 2025.

No. Securities purchased on 22
September 2025 were purchased under
the retail component of the fully
underwritten accelerated renounceable
entitlement offer announced to NZX and
ASX on 26 August 2025, where no prior
written clearance was required.

If so, was prior written clearance provided
to allow the trade to proceed during this
period?
N/A
If prior written clearance was provided, on
what date was this provided?
N/A