Cleansing Statement - section 708A(5)(e) Corporations Act

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
25 September 2025

Notice under section 708A(5)(e) of the Corporations Act 2001 (Cth)
Vulcan Steel Limited (Vulcan) has today issued 101,055 fully paid ordinary shares (Shares)
as a result of the exercise of 101,055 unlisted performance share rights granted under
Vulcan’s long-term incentive share plan for the financial year ended 30 June 2023. Further
details relating to the issue of the Shares is provided in the ASX Appendix 2A, which was also
filed with the ASX today.
Vulcan confirms that:
(a) the Shares were issued without disclosure to investors under Part 6D.2 of the
Corporations Act 2001 (Cth) (Corporations Act);
(b) this notice is being given under section 708A(5)(e) of the Corporations Act;
(c) as at the date of this notice, Vulcan has complied with:
(i) the provisions of Chapter 2M of the Corporations Act as they apply to Vulcan; and
(ii) sections 674 and 674A of the Corporations Act; and
(d) as at the date of this notice, there is no "excluded information" of the type referred to
in sections 708A(7) and 708A(8) of the Corporations Act that is required to be set out
in this notice.

This notice has been authorised for release to ASX and NZX by Vulcan’s Board of Directors.

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

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 employees across the company’s Steel and Metals divisions.