NRW HOLDINGS LIMITED DISCLOSUREBeneficial Ownership (13D/G / major holdings)

Becoming a substantial holder

603 Page 1 of 3 15 July 2001 Form 603 Corporations Act 2001 Section 671B Notice of initial substantial holder To Company Name/Scheme NRW HOLDINGS LIMITED ACN/ARSN 118 300 217 1. Details of substantial holder (1) Name Australian Retirement Trust Pty LTD ATF Australian Retirement Trust ACN/ARSN (if applicable) 010 720 840 The holder became a substantial holder on 04/09/2026 2. Details of 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 on the date the substantial holder became a substantial holder are as follows: Class of securities (4) Number of securities Person's votes (5) Voting power (6) Ordinary Fully Paid 22,990,728 22,990,728 5.004% 3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows: Holder of relevant interest Nature of relevant interest (7) Class and number of securities Australian Retirement Trust Pty LTD ATF Australian Retirement Trust Power to exercise voting rights pursuant to position held as trustee of a superannuation fund. Ordinary Fully Paid 22,990,728 4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Class and number of securities Australian Retirement Trust Pty LTD ATF Australian Retirement Trust HSBC Custody Nominees (Australia)Limited Ordinary Fully Paid 22,990,728 5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant interest Date of acquisition Consideration (9) Class and number of securities Cash Non-cash Refer to Annexure A For personal use only 603 Page 2 of 3 15 July 2001