ASX Appendix 3Y - 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 19 November 2025
Date of this notice 26 March 2026

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 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 23 March 2026, 24 March 2026 and
25 March 2026

No. of securities held prior to change 93,496 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
Class

Fully paid ordinary shares

Number acquired






Barratta Super Pty Ltd – 12,000 ordinary
shares acquired, as follows:

 9,000 ordinary shares on 23 March 2026;
 2,750 ordinary shares on 24 March 2026;
and
 430 ordinary shares on 25 March 2026.

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

Appendix 3Y Page 2 01/01/2011

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$67,560, as follows:

 AU$50,910 on 23 March 2026;
 AU$14,263.50 on 24 March 2026; and
 AU$2,386.50 on 25 March 2026

No. of securities held after change 105,496 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 23 March 2026,
24 March 2026 and 25 March 2026

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
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

Appendix 3Y
Change of Director’s Interest Notice



+ See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3



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 23, 24 and
25 March 2026 were purchased within
Vulcan Steel Limited’s permitted 28-day
trading window (following 48 hours after
the release of VSL’s FY26 half-year
results on 24 February 2026). However,
written pre-approval is still required under
Vulcan’s Securities Trading Policy. VSL’s
Chair of the Board (Rhys Jones) granted
written prior approval to trade on
19 March 2026.

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