Update on Vast Solar Administration & October Placement

• 1414 Degrees exploring options to advance Continuous Energy Hub, thermal energy storage, and lithium-ion battery storage projects
• Outcome of Vast Solar's administration and 1414 Degrees' engagement with the administrator remain uncertain
• 1414 Degrees to undertake best endeavours to apply for quotation of placement options and lead manager options on ASX

1414 Degrees Ltd (ASX: 14D) provides an update on its 50% owned joint venture company, SiliconAurora Pty Ltd ('SiAu'), that manages the development of the Silicon Aurora Energy Precinct ('Precinct'), and its joint venture partner in the Precinct, Vast Solar Aurora Pty Ltd (in administration) ('VSA'), a wholly owned subsidiary of Vast Renewables Limited (under administration) ('VRL'). The appointment of administrators over VSA has created some uncertainty around the future ownership of the VSA shareholding in SiAu. 1414 Degrees remains committed to developing the Precinct and is actively exploring options to advance the Continuous Energy Hub, thermal energy storage system (TESS) and lithium-ion battery storage (BESS) projects. The company continues to progress securing key approvals for the Precinct in consultation with major stakeholders, including AEMO and ElectraNet. 1414 Degrees has expressed interest in a possible acquisition of VSA's 50% ownership in SiAu, but the outcome of VSA's administration and 1414 Degrees' engagement with the administrator remain uncertain. The company will continue to update the market as appropriate. Additionally, 1414 Degrees provides an update on the placement to sophisticated, professional and institutional investors undertaken in October 2025. The company is required to undertake best endeavours to apply for quotation of the Placement Options and Lead Manager Options on ASX, subject to quotation conditions being met, and will offer the Placement Options and Lead Manager Options under a prospectus to be lodged with ASIC on Thursday, 22 January 2026.