Wholesale Placement

• Approximately 4.98 million new units to be issued at A$2.01 per unit
• Placement expected to raise approximately A$10 million
• No unitholder approval required as it does not exceed 15% of issued capital

Lowell Resources Fund (ASX:LRT) has announced a wholesale placement to issue approximately 4.98 million new fully paid ordinary units to certain wholesale investors at A$2.01 per unit. The offer price aligns with the recent Distribution Reinvestment Plan. The placement is not underwritten and is expected to raise approximately A$10 million. The new units will rank equally with existing units in terms of entitlements to distributions and will not exceed 15% of the Trust's issued capital, thus not requiring unitholder approval. The Responsible Entity has appointed Taylor Collison Limited and Canaccord Genuity (Australia) Limited to conduct a volume-based bookbuild. MP Capital has been appointed as Financial Advisor. A Securities Purchase Plan will follow the bookbuild. Further details will be announced on August 20, 2026.

Placement expected to raise approximately A$10 million

The Responsible Entity intends to conduct a Securities Purchase Plan at the same offer price following the completion of the Placement bookbuild.