BEFORE DOWNLOADING, PRINTING OR VIEWING THE PROSPECTUS, PLEASE CAREFULLY READ THIS INFORMATION.
PROSPECTUS
The Prospectus dated 28 November 2025 (Prospectus) is an important document that should be read in its entirety before deciding whether to participate in the Capital Raising Offer (as referred to below and detailed in the Prospectus). If after reading the Prospectus, you have questions about the Capital Raising Offer, you should contact your stockbroker, accountant or other professional adviser.
THE CAPITAL RAISINGOFFER
The Prospectus contains details of an offer by Macallum New Energy Limited (ACN628 953 122) (Company) for fully paid ordinary shares in the Company as detailed in the Prospectus (Capital Raising Offer). The Capital Raising Offer is subject to a minimum subscription as detailed in the Prospectus. No shares will be issued or transferred on the basis of the Prospectus after the expiry date, being 13months after the date of the Prospectus. The Company will apply to ASX Limited(ASX) for admission to the official list of ASX and quotation of the shares on ASX within 7 days of the date of the Prospectus.
IMPORTANT INFORMATION
The paper form of the Prospectus (including the Application Form) is available electronically through this website. A free paper copy of the Prospectus is available from the Company upon request by an investor. Neither ASIC nor ASX take any responsibility for the contents of the Prospectus or the investment to which it relates. The information contained in the Prospectus is not financial product advice and does not take into account your investment objectives, financial situation or particular needs. The Prospectus should not be construed as financial, taxation, legal or other advice. The Company is not licensed to provide financial product advice in respect of its securities or any other financial products. The Prospectus is important and should be read in its entirety prior to deciding whether to invest in the Company. There are risks associated with an investment in the Company and some of the key risks are detailed in the Prospectus. You should carefully consider these risks in light of your personal circumstances (including financial and tax issues) and seek professional guidance from your stockbroker, solicitor, accountant, financial adviser or other independent professional adviser before deciding whether to invest in the Company. There may also be risks in addition to these that should be considered in light of your personal circumstances. Except as required by law, and only to the extent required, no person named in the Prospectus, nor any other person, warrants or guarantees the performance, the repayment of capital by the Company or any return of investment made pursuant to the Prospectus.
WARNING
The distribution of the Prospectus outside of Australia may be restricted by law. The Prospectus is not intended to, and does not, constitute an offer of securities in any place which, or to any person to whom, the making of such offer would not be lawful under the laws of any jurisdiction outside Australia. It is the responsibility of any applicant outside Australia to ensure compliance with all laws of any country relevant to their application and any applicant should consult their professional advisers as to whether any governmental or other consents are required, or other formalities need to be observed to enable them to apply for securities under the Prospectus. The failure to comply with any applicable restrictions may constitute a violation of securities law in those jurisdictions. No action has been taken to register or qualify the securities or the offer under the Prospectus or otherwise to permit a public offering of the securities in any jurisdiction outside Australia. The distribution of the Prospectus (including in electronic form) outside Australia may be restricted by law and the may be restricted by law and persons who come into possession of the Prospectus outside Australia should seek advice on and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. The Prospectus accessible on this website is available to persons accessing the site from within Australia only. If you are accessing this site from anywhere outside Australia, do not download, print or view the Prospectus. By accessing the Prospectus, you acknowledge and confirm, among other things, that you are an Australian resident and are accessing the site from within Australia.
EXPOSURE PERIOD
The Corporations Act 2001 (Cth) (Corporations Act)prohibits the Company from processing applications for securities under the Prospectus (Applications) in the seven-day period after the date of the Prospectus (Exposure Period). This period may be extended by ASIC for a further period of up to seven days. The purpose of the Exposure Period is to enable the Prospectus to be examined by ASIC and market participants prior to the raising of funds under the offer. The examination may result in the identification of deficiencies in the Prospectus, in which case any Application may need to be dealt with in accordance with section 724 of the Corporations Act. Applications received during the Exposure Period will not be processed until after the expiry of the Exposure Period. No preference will be conferred on any Applications received during the Exposure Period.
OFFER PERIOD
The offer period commences on 8 December 2025 (unless the Exposure Period is extended) and is expected to close on 16 January 2026.The Company may vary these dates without notice.
APPLICATION FORM
The Corporations Act prohibits any person from passing on to another person an Application Form unless it is accompanied by or attached to a complete and unaltered copy of the Prospectus. Refer to the Prospectus for details of the applications process in relation to the Capital Raising Offer.
DISCLAIMER
As detailed in the Prospectus, it is proposed that the Shares will be quoted on the ASX. The Company, the Share Registry and the Lead Manager (each as defined in the Prospectus) disclaim all liability, whether in negligence or otherwise, to persons who trade Shares before receiving their holding statements.
ADDITIONAL INFORMATION
If you are concerned that you have received an incomplete or altered version of the Prospectus or that the Prospectus available on this website may have been tampered with, please contact Rance Dorrington on +61 (0)8 6159 9102 from 8:30am to 5:00pm (AWST) Monday to Friday(excluding public holidays).
ACKNOWLEDGEMENT
The information on this website is provided for information purposes only and is subject to change without notice. Nothing contained on this website or in the Prospectus constitutes investment, legal, business, taxation or other advice. The information on this website and in the Prospectus does not take into account your investment objectives, financial situation or particular needs. By clicking the ‘Accept and Download Prospectus' button below and accessing the Prospectus on this website, you acknowledge that you have read and accept the terms set out in this notice and represent, warrant and agree that:
you are a resident of Australia accessing this website from within Australia;
you are 18 years of age or over;
you are not a resident of the United States nor currently located in the United States (nor any other jurisdiction outside of Australia);
you are not acting for the account nor benefit of a person in the United States or any other foreign person;
you will not make a copy of the Prospectus available to, or release or distribute a copy of the Prospectus to, or for the account or benefit of, any person in the United States or in any other place in which, or to any other person to whom, it would be unlawful to do so (Ineligible Persons);
and you are not acting as a nominee for, or otherwise for the account or benefit of, any Ineligible Persons.
