Announcement PDF Appendix 3Y Change of Director’s Interest Notice 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 30 April 2024 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 Nature of indirect interest (including registered holder) Direct Indirect Indirect - 29 April 2024 - Note: Provide details of the circumstances giving rise to the relevant interest. Date of change + See chapter 19 for defined terms. 01/01/2011 Mutual Trust Pty Limited Director is a beneficiary of the is the registered holder Esmerelda Trust. on behalf of Kapala2 Pty Limited ATF The Barker Super Fund. Director is sole member of The Barker Super Fund. Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice No. of securities held prior to change 166,667 Unlisted 2,720,000 Ordinary fully 500,000 Unlisted Options with an Options with an paid shares exercise price of $0.47 (47 cents) and expiring on 28 February exercise price of 2026. $0.57 (57 cents) and expiring on 9 1,500,000 Unlisted Options with May 2025. 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. Class Number acquired Number disposed Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change Unlisted Options Ordinary Shares Unlisted Options - - - 166,667 Unlisted Options with an exercise price of $0.57 (57 cents) and expiring on 9 May 2025. 2,800,000 Ordinary fully 500,000 Unlisted Options with an paid shares exercise price of $0.47 (47 cents) and expiring on 28 February 2026. - - 80,000 – Ordinary Shares @ $0.115 per Share. $9,220.24 - - 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. Nature of change Example: on-market trade, offmarket trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back + See chapter 19 for defined terms. Appendix 3Y Page 2 On Market Purchase 01/01/2011 Appendix 3Y Change of Director’s Interest Notice 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 Nature of interest N/A N/A Name of registered holder (if issued securities) N/A Date of change N/A No. and class of securities to which N/A interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change N/A N/A N/A N/A Part 3 – +Closed period Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the N/A trade to proceed during this period? If prior written clearance was provided, on what date was N/A this provided? + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3