Announcement PDF Appendix 3Y 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 becomes ASX's property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Australian Rare Earths Ltd 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 Travis Beinke Date of last notice 3 December 2025 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 Indirect Nature of indirect interest (including registered holder) CHARWE Pty Ltd ATF <T & V Beinke Family Trust> Director is a beneficiary of the T&V Beinke Family Trust Date of change 13 May 2026 No. of securities held prior to change 470,754 Fully Paid Ordinary Shares 1,500,000 Unlisted Options with an exercise price of $0.4739 (47 cents) and expiring on 20 December 2026. 58,845 Unlisted Options with an exercise price of $0.10 and expiring 30 March 2029 unless accelerated. 654,490 – Zero Exercise Price Options Exp 30 September 2029 1,265,967 Performance Rights FY24, subject to vesting and performance criteria. 4,529,462 Performance Rights FY25, subject to vesting and performance criteria. 7,889,088 Performance Rights FY26, subject to vesting and performance criteria. Appendix 3Y Change of Director's Interest Notice + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 2 Class Ordinary Shares, Unlisted Options and Performance Rights. Number acquired Nil Number disposed 190,000 Ordinary Shares Value/Consideration $24,718.92 No. of securities held after change 280,754 Fully Paid Ordinary Shares 1,500,000 Unlisted Options with an exercise price of $0.4739 (47 cents) and expiring on 20 December 2026. 58,845 Unlisted Options with an exercise price of $0.10 and expiring 30 March 2029 unless accelerated. 654,490 – Zero Exercise Price Options Exp 30 September 2029 1,265,967 Performance Rights FY24, subject to vesting and performance criteria. 4,529,462 Performance Rights FY25, subject to vesting and performance criteria. 7,889,088 Performance Rights FY26, subject to vesting and performance criteria. Nature of change Sales of Ordinary Shares, on market to satisfy tax obligations. Appendix 3Y 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 relevant 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 N/A Interest acquired N/A Interest disposed N/A Value/Consideration N/A Interest after change N/A Part 3 - +Closed period Were the interests in the securities or c 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