Proposed issue of securities - REE

Dear investors, we are excited to announce the proposed issue of securities by RareX Limited. This placement involves a maximum of 1,794,545 options, 59,659,091 options, and 15,000,000 fully paid ordinary shares. The proposed issue date is set for 31/7/2025.

Before proceeding, we are required to obtain external approvals, including security holder approval by 31/7/2025. The securities are in existing classes and will rank equally with existing issued securities. The securities are being issued for cash consideration in Australian Dollars at AUD 0.02200 per security.

Our lead managers/brokers for this issue are Canaccord Genuity (Australia) Limited and Evolution Capital Pty Ltd. They will receive a management fee of 2%, a selling fee of 4%, and also 15 million options exercisable at AUD 0.033.

The purpose of this issuance is to further advance our company's projects and for general working capital. We welcome any inquiries or questions you may have regarding this announcement. Your trust and support are essential to us as we continue to grow and develop RareX Limited. Thank you for your ongoing interest in our operations.