Dear investors,

RAREX LIMITED has announced the issuance of 33,000,000 unquoted securities as part of a previously disclosed transaction. These securities are options exercisable at $0.018, with an issue date of 27/12/2024.

The entity's ABN is 65105578756, with ASX issuer code REE. This is a new announcement dated 27/12/2024. The securities were issued in connection with a transaction outlined in an Appendix 3B announcement from 15-Jul-2024.

No further issues of securities are pending to complete this transaction. The options issued for nil cash consideration are part of a new class yet to be confirmed. These options will expire on 27/12/2027 and will rank equally upon issuance.

For further details, please refer to the notice of meeting lodged with ASX on 1 November 2024. If you have any questions or seek clarification, feel free to reach out to us. Your trust and investment in RAREX LIMITED are highly valued.

Warm regards,

[Management Team]