CARMA LIMITED DISCLOSUREInsider Transactions (Form 3/4/5)

Change of Director's Interest Notice - MacGregor

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 become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity Carma Limited ABN 20648091418 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 Lachlan MacGregor Date of last notice 19 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) Note: Provide details of the circumstances giving rise to the relevant interest. Netwealth Investments Limited as trustee of Netwealth Superannuation Master Fund (member Lachlan MacGregor) Date of change 1 & 2 September 2026 No. of securities held prior to change Direct Interest: 844,783 rights under the Carma Limited rights plan Indirect Interest: 22,013,767 ordinary shares* Class Ordinary Shares Number acquired 15,982 Number disposed Nil Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $13,265.06 ($0.83 per share) For personal use only Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 No. of securities held after change Direct Interest: 844,783 rights under the Carma Limited rights plan Indirect Interest: 22,029,749 ordinary shares* held as follows: (a) 22,000,001 held by Invierta Pty Limited (as trustee for Cliffbrook Trust) (b) 13,766 held by Netwealth Investments Ltd as custodian for Invierta Pty Ltd (ATF Cliffbrook Trust)* (c) 15,982 held by Netwealth Investments Limited as trustee of Netwealth Superannuation Master Fund *in prepar