Announcement PDF Appendix3Y 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: AUSTRALIAN RARE EARTHS LIMITED ABN 73 632 645 302 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 Angus Jack Rutherford Barker Date of last notice 29 June 2026 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trustmade 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 Indirect Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Mutual Trust Pty Limited is the registered holder on behalf of Trouville Pty Ltd ATF the Esmerelda Trust. The Director is a beneficiary of the Esmerelda Trust Date of change 29 June 2026 Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 No.ofsecuritiesheldprior tochange 573,087 Ordinary Shares 4,200,000 Ordinary Shares 1,500,000 Unlisted Options with an exercise price of $0.37 (37 cents) and expiring on 26 November 2026 1,500,000 Unlisted Options with an exercise price of $0.50 (50 cents) and expiring on 26 November 2026 300,000 Unlisted options @ $0.10 expiring 30/3/2029 (unless accelerated) 1,500,000 Unlisted Options @ $0.325 and expiring 26 November 2028 Class Ordinary Shares & Unlisted Options Ordinary Shares & Unlisted Options Number acquired - 200,000 Ordinary Shares Number disposed 200,000 Unlisted Options with an exercise price of $0.10 (10 cents) and expiring on 3 March 2029 Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation - $20,000.00AUD No. of securities held after change 573,087 Ordinary Shares 4,400,000 Ordinary Shares 1,500,000 Unlisted Options with an exercise price of $0.37 (37 cents) and expiring on 26 November 2026 1,500,000 Unlisted Options with an exercise price of $0.50 (50 cents) and expiring on 26 November 2026 100,000 Unlisted options @ $0.10 expiring 30/3/2029 (unless accelerated) 1,500,000 Unlisted Options @ $0.325 and expiring 26 November 2028 Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Nature of change Example: on-market trade, off- market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Exercise of Options Appendix3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 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 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 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