Announcement PDF 3 June 2025 BY ASX ONLINE – 4 pages Manager Company Announcements ASX Limited Level 10 20 Bond Street SYDNEY 2000 Dear Sir/Madam, Change of interests of substantial holder Verbrec Limited [ASX:VBC] Following is a Form 604 Notice of change of interests of substantial holder dated 3 June 2025 in accordance with section 671B of the Corporations Act. Yours sincerely, AVEE WAISLITZ Secretary TIGA TRADING PTY LTD ABN 95 118 961 210 Level 45, 55 Collins St. Melbourne VIC 3000 Australia Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To: company name/scheme ACN VERBREC LIMITED 127 897 689 1. Details of substantial holder Name ACN (if applicable) TIGA Trading Pty Ltd and each of the entities listed in the attached Annexure ‘A’ to this notice. 118 961 210 There was a change in the interests of the substantial holder on 30-May-25 The previous notice was given to the company on 15-Dec-23 The previous notice was dated 15-Dec-23 2. Previous and present voting power The total number of shares votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate had a relevant interest 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 Fully Paid Ordinary Shares Previous Notice Person’s votes Voting power 41,376,240 14.40% Present Notice Person’s votes Voting power 51,293,329 17.58% 3. Changes in relevant interests Particulars of each change in, or change in the nature of, relevant interests 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 are as follows: Date of Change 24-May-24 28-May-24 30-May-24 03-Jun-24 17-Jul-24 03-Sep-24 10-Dec-24 21-May-25 30-May-25 Person whose relevant interest changed Tiga Trading Pty Ltd [and each of the Thorney Investment Group entities listed in Annexure ‘A’ (together ‘Thorney Investment Group’)] TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd TIGA Trading Pty Ltd Nature of change Consideration given in relation to change Number and class of securities affected Person’s votes affected Market Purchase $45,515.60 350,120 ordinary shares 350,120 Market Purchase Market Purchase Market Purchase Market Purchase Market Purchase Market Purchase Market Purchase Market Purchase $06.24 $5,650.32 $44,696.60 $03.12 $187,726.72 $110,000.02 $45,240.00 $389,716.31 48 ordinary shares 43,464 ordinary shares 343,820 ordinary shares 24 ordinary shares 1,294,667 ordinary shares 846,154 ordinary shares 650,000 ordinary shares 6,388,792 ordinary shares 48 43,464 343,820 24 1,294,667 846,154 650,000 6,388,792 Page 2|4 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 Thorney Investment Group Mr Alex Waislitz Registered holder of securities Person entitled to be registered as holder UBS Nominees Pty Ltd TIGA Trading Pty Ltd Thorney Holdings Proprietary Limited Thorney Holdings Proprietary Limited UBS Nominees Pty Ltd TIGA Trading Pty Ltd Thorney Holdings Proprietary Limited Thorney Holdings Proprietary Limited Nature of relevant interest Thorney Investment Group is taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (the Act ) to have a relevant interest as it holds all the issued capital in Tiga Trading Pty Ltd. Thorney Investment Group is taken under section 608(3)(b) of the Corporations Act 2001 (Cth) (the Act ) to have a relevant interest as it holds all the issued capital in Thorney Holdings Proprietary Limited. Each of the entities listed in the adjacent column (and in Annexure “A”) are ‘associates’ pursuant to section 12(2)(a)(iii) of the Act by virtue of them being commonly controlled by Mr Alex Waislitz who, pursuant to section 50AA of the Act, has the capacity to determine the outcome of decisions about the financial and operating policies of each of those entities. Number and class of securities Person’s votes 36,403,622 ordinary shares 36,403,622 14,889,707 ordinary shares 14,889,707 36,403,622 ordinary shares 36,403,622 14,889,707 ordinary shares 14,889,707 5. Changes in association The persons who have become associates of, ceased to be associates of, or have changed the nature of their association with, the substantial holder in relation to voting interests in the company or scheme are as follows: Name Nature of association 6. Addresses The addresses of persons named in this form are as follows: Name TIGA Trading Pty Ltd Thorney Investment Group and each of the entities listed in Annexure ‘A’ to this notice Alex Waislitz Address Level 45, 55 Collins Street, Melbourne 3000 See Annexure ‘A’ to this notice Level 45, 55 Collins Street, Melbourne 3000 Signature Print name Sign here AVEE WAISLITZ Capacity SECRETARY Date 3 June 2025 Page 3|4 ANNEXURE ‘A’ This is Annexure A referred to in the Form 604 Notice of change of interests of substantial holder signed by me and dated 3 June 2025. …....................................................... AVEE WAISLITZ Secretary SUBSTANTIAL HOLDERS - ENTITY DETAILS Entity Thorney Investment Group Jamahjo Pty Ltd, ACN 117 488 696 as trustee for the Halex Family Trust Thistle Custodians Pty Ltd, ACN 078 027 193 Thistle Holdings Pty Ltd, ACN 075 051 464 Thorney Alpha Pty Ltd, ACN 162 820 537 Thorney Beta Pty Ltd, ACN 162 828 677 Thorney Holdings Proprietary Limited, ACN 006 262 835 Thorney International Pty Ltd, ACN 132 886 698 Thorney Investment Group Australia Pty Ltd, ACN 117 488 892 Thorney Management Services Pty Ltd, ACN 164 880 148 Thorney Omega Pty Ltd, ACN 163 964 636 TIGA Property Pty Ltd, ACN 117 811 453 TIGA (Ballarat) Pty Ltd, ACN 117 812 030 TIGA Finance Pty Ltd, ACN 118 521 412 TIGA (Hawthorn) Pty Ltd, ACN 126 952 663 TIGA Tails Pty Ltd, ACN 080 534 416 TIGA Trading Pty Ltd, ACN 118 961 210 Other associates Early Force Pty Ltd, ACN 103 134 363 as trustee for the Alex Waislitz Property Investment Trust Jamah Investments Pty Ltd, ACN 093 388 928 as trustee for the Jamah Investment Trust Jasforce Pty Ltd, ACN 017 167 713 as trustee for the Alex Waislitz Retirement Plan Thorney Opportunities Ltd, ACN 080 167 264 Thorney Technologies Ltd, ACN 096 782 188 58 Jarque Pty Ltd, ACN 617 756 377 Two Towers Pty Ltd, ACN 134 730 546 Urban Land Nominees Pty Ltd, ACN 004 753 066 Coastal Estates Proprietary Limited, ACN 004 481 154 Waislitz Charitable Corporation Pty Ltd, ACN 163 623 612 as trustee for the Waislitz Family Foundation Address c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 Level 45, 55 Collins Street, Melbourne 3000 c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 c/- Wilson Pateras, Ground Floor, 40 River Boulevard, Richmond 3121 Level 45, 55 Collins Street, Melbourne 3000 Page 4|4