Vulcan Steel to quote new shares from retail entitlement offer

Vulcan Steel Limited has applied for the quotation of 4,674,506 new ordinary fully paid securities on the ASX, with an issue date of September 22, 2025. These securities are part of a transaction previously announced as an accelerated retail offer, completing the capital raising efforts detailed in prior Appendix 3B announcements.

The new shares were issued at a price of A$5.95 per security. This follows the completion of the retail entitlement offer announced on September 16, 2025, and the retail shortfall bookbuild announced on September 17, 2025.

Following the quotation of these 4,674,506 securities, Vulcan Steel Limited's total number of ordinary fully paid shares quoted on the ASX will increase to 146,428,905. The company also has 1,744,328 unquoted performance share rights on issue.