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 Bryn Llywelyn Jones Date of last notice 28 June 2023 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. BEECHCREST INVESTMENTS PTY LTD <JONES FAMILY A/C> MR BRYN LLYWELYN JONES & MRS KELLIE NICOLE JONES <TAWEL SUPERANNUATION A/C> Direct or indirect interest Indirect Indirect Nature of indirect interest Mr Jones is a beneficiary Mr Jones is a beneficiary 30 May 2024 N/A (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest. Date of change + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice No. of securities held prior to change 14,517,223 Ordinary Shares. 1,316,825 Ordinary Shares 2,700,000 Unlisted Options with an exercise price of $0.30 (30 cents) and expiring on 25 January 2025. 750,000 Unlisted Options with an exercise price of $0.45 and expiring 29 June 2024. 500,000 Unlisted Options with an exercise price of $0.50 and expiring 2 December 2025. 74,074 Unlisted Options with an exercise price of $0.57 and expiring on 9 May 2025. Number disposed Ordinary Shares & Unlisted N/A Options 250,000 – Ordinary Shares @ N/A $0.114c per Share. N/A N/A Value/Consideration $28,581.57 N/A 14,767,223 Ordinary Shares. 1,316,825 Ordinary Shares Class Number acquired Note: If consideration is non-cash, provide details and estimated valuation No. of securities held after change 2,700,000 Unlisted Options with an exercise price of $0.30 and expiring on 25 January 2025. 750,000 Unlisted Options with an exercise price of $0.45 and expiring 29 June 2024. 500,000 Unlisted Options with an exercise price of $0.50 and expiring 2 December 2025. 74,074 Unlisted Options with an exercise price of $0.57 and expiring on 9 May 2025. Nature of change Example: on-market trade, off-market 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 trade N/A 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 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 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 N/A Interest disposed N/A Value/Consideration N/A Note: If consideration is non-cash, provide details and an estimated valuation Interest after change 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