SIMONDS GROUP LIMITED — Share Issue/Capital Change 2024

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Announcement Summary

Entity name

SIMONDS GROUP LIMITED

Date of this announcement

Wednesday December 18, 2024

The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

Refer to next page for full details of the announcement

Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 1 - Entity and announcement details

1.1 Name of entity

SIMONDS GROUP LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type Registration number ACN 143841801

1.3 ASX issuer code

SIO

1.4 The announcement is

New announcement

1.5 Date of this announcement

18/12/2024

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 2 - Issue details

2.1 The +securities the subject of this notification are:

+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

does not have an existing ASX security code ("new class")

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 3C - number and type of +securities the subject of this notification (new class)

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----- Start of picture text ----- ASX +security code +Security descriptionNew class - code to be confirmed Performance Rights+Security type ISIN codeOtherDate the +securities the subject of this notification were issued18/12/2024Will all the +securities issued in this class rank equally in all respects from their issue date?YesWere any of the +securities issued to +key management personnel (KMP) or an +associate?YesProvide details of the KMP or +associates being issued +securities.Name of KMP Name of registered holder Number of +securitiesDavid McKeown David McKeown 2,265,239Bertus Strydom Bertus Strydom 915,248----- End of picture text -----

Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. - A summary of the terms is included in the Explanatory Memorandum to the 2024 AGM Notice of Meeting -https://cdn api. markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02865314-3A652834 Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms The Simonds Group Employee Share Plan Rules are available at https://www.simondsgroup.com.au/s/simonds_sioemplo yeeshareplanrules.pdf

Any other information the entity wishes to provide about the +securities the subject of this notification

Issue details

Number of +securities

7,859,900

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this notification, the +securities of the entity will comprise:

The figures in parts 4.1 and 4.2 below are automatically generated and may not reflect the entity's current issued capital if other Appendix 2A, Appendix 3G or Appendix 3H forms are currently with ASX for processing.

4.1 Quoted +securities (Total number of each +class of +securities issued and quoted on ASX)

4.2 Unquoted +securities (Total number of each +class of +securities issued but not quoted on ASX)

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Appendix 3G - Notification of issue, conversion or payment up of unquoted equity securities

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? No

5.2 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

5.2b Are any of the +securities being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

5.2b.1 How many +securities are being issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? 7859900

5.2c Are any of the +securities being issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

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