Announcement PDF Form 604 Corporations Law Section 671B Notice of change of interests of substantial holder To: Company Name/Scheme EQ RESOURCES LIMITED ACN/ARSN 115 009 106 1. Details of substantial holder Name UBS Group AG and its related bodies corporate ACN/ARSN (if applicable): There was a change in the interests of the substantial holder on 12 February 2026 The previous notice was given to the company on 13 February 2026 2. Previous and present voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company or scheme, are as follows: Class of securities (4) Previous Notice Present Notice Person’s Votes Voting Power (5) Person’s Votes Voting Power (5) Ordinary 240,031,784 5.03% 288,986,056 6.05% 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company or scheme, since the substantial holder was last required to give a substantial holding notice to the company or scheme are as follows: Date of change Person whose relevant interest changed Nature of Change (6) Consideration given in relation to change (7) Class and Number of securities affected Person’s votes affected Please see Appendix C. 4. Present relevant interests Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered holder (8) Nature of relevant interest (6) Class and number of securities Person’s votes UBS AG Hong Kong Branch Various Custodians UBS AG Hong Kong Branch Broker has the right to use over this position under a Securities Lending agreement 4,219,819 Ordinary 4,219,819 Ordinary UBS AG London Branch Various Custodians UBS AG London Branch Power to control disposal over shares pursuant to stock borrowing and lending activities 235,517 Ordinary 235,517 Ordinary Citicorp Nominees Pty Ltd Prime Broker that has exercised its borrowing right in respect of shares pursuant to a Prime Broking Agreement 80,000,000 Ordinary 80,000,000 Ordinary UBS AG Singapore Branch Various Custodians UBS AG Singapore Branch Broker has the right to use over this position under a Securities Lending agreement 8,229,614 Ordinary 8,229,614 Ordinary UBS Securities Australia Ltd Brispot Nominees Pty Ltd UBS Securities Australia Ltd Beneficial Owner 186,750,541 Ordinary 186,750,541 Ordinary UBS Switzerland AG Various Custodians UBS Switzerland AG Power to control disposal over shares pursuant to stock borrowing and lending activities 9,550,565 Ordinary 9,550,565 Ordinary 5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN/ ARSN (if applicable) Nature of association UBS AG Hong Kong Branch Related body corporate UBS AG London Branch Related body corporate UBS AG Singapore Branch Related body corporate UBS Securities Australia Ltd Related body corporate Brispot Nominees Pty Ltd Related body corporate UBS Switzerland AG Related body corporate 6. Addresses The addresses of persons named in this form are as follows: Name and ACN/ ARSN (if applicable) Nature of association UBS AG Hong Kong Branch 52 Floor Two International Finance Centre, 8 Finance Street, Central, Hong Kong UBS AG London Branch 5 Broadgate, London, United Kingdom UBS AG Singapore Branch 9 Penang Road 238459 , Singapore , 238459 UBS Securities Australia Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia Brispot Nominees Pty Ltd Level 16, Chifley Tower, 2 Chifley Square, Sydney, Australia UBS Switzerland AG Bahnhofstrasse 45, Zürich, Switzerland SIGNATURE Print Name: Dominic Eichrodt Capacity: Authorised signatory Sign Here: Date: 16 February 2026 Print Name: Ruby Ko Capacity: Authorised signatory Sign Here: Date: 16 February 2026 Contact details for this notice: --------------------------------------------------------------- Ruby Ko Group Compliance, Regulatory & Governance (T +852 371 22802 --------------------------------------------------------------- Appendix A The information in this appendix is based on the relevant standard UBS agreement. A copy of the agreement is available to the company, or responsible entity to whom the prescribed form must be given, or to ASIC, upon request. Holder of relevant interest UBS AG, London Branch Type of agreement Prime Brokerage Agreement Parties to agreement (i) UBS AG, London Branch (“UBS AG”) (ii) Client (Please refer to Appendix A-1.) Transfer date Please refer to Appendix A-1. Holder of voting rights UBS AG Are there any restrictions on voting rights? No. If yes, detail N/A Scheduled return date (if any) None. Does the borrower have the right to return early? Yes. If yes, detail The borrower (i.e. UBS AG) has the right to return at its discretion. Does the lender have the right to recall early? Yes. If yes, detail The lender (i.e. Client) can recall at its request subject to compliance with margin requirements and the terms of the relevant loan. Will the securities be returned on settlement? Yes. If yes, detail any exceptions None. Appendix B Holder of relevant interest UBS Switzerland AG* Type of agreement Securities Lending Agreement Parties to agreement (i) UBS Switzerland AG (ii) Information not available Transfer date Information not available Holder of voting rights UBS Switzerland AG Are there any restrictions on voting rights? Please refer to the details below. If yes, detail None, subject to deviating agreements between the parties. Scheduled return date (if any) None (subject to the terms of the relevant loan) Does the borrower have the right to return early? Yes. If yes, detail The borrower has the right to return at any time (subject to the terms of the relevant loan). Does the lender have the right to recall early? Yes. If yes, detail The lender can recall at any time (subject to the terms of the relevant loan). Will the securities be returned on settlement? Yes. If yes, detail any exceptions Restitution will take place within a period which is customary at the primary exchange. Appendix A-1 Prime Brokerage Agreement - UBS AG, London Branch Parties to agreement Transfer date Pala Assets Holdings Ltd (i) 27 January 2026 Pala Investments Holdings Ltd (i) 12 February 2026 EQR - Appendix C Date of change Person whose relevant interest changed Nature of Change Consideration given in relation to change Number of securities Class 11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (1,000,000) Ordinary 11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (190,530) Ordinary 11-Feb-26 UBS AG Hong Kong Branch Stock returned N/A (1,809,470) Ordinary 12-Feb-26 UBS AG Hong Kong Branch Right to borrow N/A 3,000,000 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 256,877 1,001,937 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 1,191,687 (4,709,315) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 568,526 2,296,891 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 31,559 (125,405) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 8,249,310 32,613,701 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 7,156,927 (28,337,532) Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 232,226 (897,743) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 25,790 101,136 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 397,501 1,578,702 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 375,085 (1,489,977) Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 3 (11) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 253,672 1,027,428 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 673,954 (2,669,264) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 33,536 131,515 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 9,005 36,585 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 79,935 323,620 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 35,091 141,392 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 89,713 (354,567) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 4,413 16,972 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 4,827 (18,215) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 292 1,243 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 255,739 (981,238) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 1,401,072 5,733,359 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 215,302 (851,422) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 175,546 712,802 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 124,415 498,620 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 54,867 210,955 Ordinary 12-Feb-26 UBS Securities Australia Ltd Sell 11,912 (48,179) Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 12,302 49,448 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 968,402 3,787,228 Ordinary 12-Feb-26 UBS Securities Australia Ltd Buy 2,401,696 9,173,606 Ordinary 12-Feb-26 UBS AG London Branch Rehypothecated position N/A 30,000,000 Ordinary