Announcement PDF 605 page 1/2 15 July 2001 Form 605 Corporations Act 2001 Section 671B Notice of ceasing to be a substantial holder To Company Name/Scheme EQ RESOURCES LTD. ACN/ARSN 77 115 009 106 1. Details of substantial holder(1) Name PHEIM ASSET MANAGEMENT (M) SDN. BHD. ACN/ARSN (if applicable) The holder ceased to be a substantial holder on 11 / 05 / 2023 The previous notice was given to the company on The previous notice was dated 29 / 03 / 2022 29 / 03 / 2022 2. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest (2) of the substantial holder or an associate (3) 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 (4) Consideration given in relation to change(5) Class (6) and number of securities affected Person's votes affected See annexure A to this notice 3. Changes in association The persons who have become associates (3) of, ceased to be associates of, or have changed the nature of their association (7) with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name and ACN/ARSN (if applicable) n/a Nature of association n/a 4. Addresses The addresses of persons named in this form are as follows: Name Address PHEIM ASSET MANAGEMENT (M) SDN. BHD. LETTER BOX NO. 18, 4TH FLOOR, UBN TOWER, JALAN P. RAMLEE 50250, KUALA LUMPUR, MALAYSIA Signature print name sign here LEE CHUNG CHENG capacity AUTHORISED SIGNATORY date 01 / 08 / 2023 605 page 2/2 15 July 2001 DIRECTIONS (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 4 of the form. (2) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. (3) See the definition of "associate" in section 9 of the Corporations Act 2001. (4) Include details of: (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001. (5) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. (6) The voting shares of a company constitute one class unless divided into separate classes. (7) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. Annexure A This is Annexure A referred to in Form 605, Notice of ceasing to be a substantial holder dated 01/08/2023 Lee Chung Cheng Chief Executive Officer Date of Change Nature of change (4) Person whose relevant interest changed 31/10/22 PHEIM ASSET MANAGEMENT (M) SDN. Placement BHD. 01/01/23 PHEIM ASSET MANAGEMENT (M) SDN. Change of Investment BHD. Manager 06/03/23 09/03/23 29/03/23 29/03/23 30/03/23 30/03/23 31/03/23 31/03/23 03/05/23 05/05/23 08/05/23 08/05/23 08/05/23 08/05/23 09/05/23 09/05/23 09/05/23 09/05/23 10/05/23 10/05/23 10/05/23 10/05/23 11/05/23 Dated: 01/08/2023 Consideration given in relation to change (5) Class (6) and number of securities affected Person's vote affected 988,938.64 24,723,466 fully paid ordinary shares 24,723,466 n/a 20,114,133 fully paid ordinary shares 20,114,133 PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell 9,601.94 155,000 fully paid ordinary shares 30,875.67 500,000 fully paid ordinary shares 7,576.28 120,000 fully paid ordinary shares 11,379.43 180,000 fully paid ordinary shares 7,564.31 1200,00 fully paid ordinary shares 11,361.46 180,000 fully paid ordinary shares 16,164.80 260,000 fully paid ordinary shares 24,262.20 390,000 fully paid ordinary shares 155,000 PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell PHEIM ASSET MANAGEMENT (M) SDN. BHD. Sell 5,819.28 73,962 fully paid ordinary shares 6,471.77 85,501 fully paid ordinary shares 12,892.56 181,804 fully paid ordinary shares 6,061.66 85,483 fully paid ordinary shares 6,494.90 91,590 fully paid ordinary shares 45,465.27 641,123 fully paid ordinary shares 5,271.92 75,618 fully paid ordinary shares 2,471.65 35,557 fully paid ordinary shares 2,649.24 38,094 fully paid ordinary shares 18,591.73 266,663 fully paid ordinary shares 6,344.09 91,000 fully paid ordinary shares 2,991.70 43,000 fully paid ordinary shares 3,201.70 46,000 fully paid ordinary shares 22,310.05 320,000 fully paid ordinary shares 34,361.88 500,000 fully paid ordinary shares 73,962 500,000 120,000 180,000 120,000 180,000 260,000 390,000 85,501 181,804 85,483 91,590 641,123 75,618 35,557 38,094 266,663 91,000 43,000 46,000 320,000 500,000