• WHKOB Options offered for nil consideration to Placement Participants and Lead Manager
• WHKOB Options exercisable at $0.013 per option, expiring 31 July 2029
• Prospectus dated 20 July 2026, lodged with ASIC
• Offer not extended to overseas Eligible Participants

WhiteHawk Limited (ACN 620 459 823) has issued an Options Prospectus for the offer of up to 139,285,715 WHKOB Options. The WHKOB Options are offered to unrelated professional and sophisticated investors who participated in the placement in April 2026, and to GBA Capital Pty Ltd (Lead Manager) as consideration for lead manager services. The WHKOB Options are exercisable at $0.013 per option and expire on 31 July 2029. The Prospectus is dated 20 July 2026 and was lodged with the ASIC on the same date. The Prospectus is not intended to constitute an offer in any place or jurisdiction where it would not be lawful to make such an offer. The Offer is not being extended to Eligible Participants with a registered address outside Australia and New Zealand. The WHKOB Options are offered for nil consideration. However, if all the WHKOB Options are exercised into Shares, the Company will receive approximately $1,810,714.

If all WHKOB Options are exercised, the Company will receive approximately $1,810,714.

The Prospectus contains forward-looking statements regarding the offer and the Company's operations, which are based on current assessments and assumptions.