HIGHCOM LIMITED — Capital/Financing Update 2026

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16 February 2026

ASX Announcement

Notice under section 708(5)(e) of the Corporations Act 2001 (Cth)

This notice is given by HighCom Limited ( ASX: HCL ) ( the Company ) under section 708A(5)(e) of the Corporations Act 2001 (Cth) (the Act ).

On 16 February 2026, the Company issued 25,670,667 fully paid ordinary shares ( Shares ) at an issue price of $0.20 per Share to sophisticated and professional investors (the Investors ) under the placement announced on 11 February 2026.

In accordance with Sections 708A(5)(e) and 708A(6) of the Act, the following information is provided:

1. the Shares were issued without disclosure to the Investors under Part 6D.2 of the Act.

2. this notice is given under section 708A(5)(e) of the Act.

3. as at the date of this notice, the Company has complied with:

   • a) the provisions of Chapter 2M of the Act as they apply to the Company; and b) sections 674 and 674A of the Act.

4. as at the date of this notice, there is no information that is “excluded information” (within the meaning of sections 708A(7) and 708A(8) of the Act) which is required to be disclosed by the Company under section 708A(6)(e) of the Act.

On behalf of the Board of HighCom Limited.

Adam Gallagher Company Secretary

HighCom Limited | ABN 90 103 629 107 | 3 Faulding Street, Symonston, ACT 2609, Australia | Telephone: +61 2 6163 5588