• Reducing the total maximum number of Director Performance Rights from 37,000,000 to 18,500,000
• Continued commitment to the long-term interests of all stakeholders
• Incentivising and retaining the calibre of leadership required to deliver strategic objectives

Lindian Resources Limited (ASX: LIN) refers to its Notice of General Meeting and Explanatory Memorandum ('NoM') dated 21 April 2026 and lodged with ASX on that date. The Company wishes to advise that it intends to amend Resolutions 1(a), (b) and (c) by reducing the total maximum number of Director Performance Rights proposed to be issued to the Directors from 37,000,000 to 18,500,000 ('Amendment'). The Company intends to give effect to the Amendment by way of an addendum to the NoM ('Addendum') which will be despatched to shareholders as soon as possible (and in any event no later than 14 May 2026). The Addendum will be supplemental to the NoM and should be read in conjunction with the NoM. The Addendum will also provide instructions to shareholders who have already submitted a proxy vote and wish to change their vote on these Resolutions. The Board and management remain focused on accelerating both Lindian's Tier 1 Kangankunde Rare Earths Project ('Kangankunde' or the 'Project') and the SARECO Mixed Rare Earths Carbonate ('MREC') downstream Processing Facility. The Amendment reflects continued commitment to the long-term interests of all stakeholders whilst continuing to incentivise and retain the calibre of leadership with deep mining, corporate and finance expertise required to deliver the Company's strategic objectives. The Board believes it is essential to offer these milestone-based incentives in order to continue to retain highly experienced and suitably qualified Board members capable to continue delivering strong returns to shareholders and value to all stakeholders.