• No information known that could explain recent trading
• Any ongoing reviews and discussions are embryonic and inconclusive
• Confirms compliance with Listing Rules

Hydrix Limited (ASX:HYD) refers to an ASX letter dated 23 September 2025 relating to a recent increase in the price and volume of trading in the company's securities. The company states that it is not aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities. The company undertakes ongoing reviews of its assets and businesses, with a view to optimising them and capitalising on opportunities to deliver value to shareholders. However, the company notes that any information and associated discussions regarding any such opportunities remain embryonic and inconclusive, and does not consider that such information, in its nascency, if known by some in the market, could explain the recent trading in its securities. The company confirms that it is in compliance with the Listing Rules, particularly Listing Rule 3.1, and that its responses have been authorised and approved by the Board.