NRW Holdings director adjusts indirect shareholding

Jeffrey Phillip Dowling, a director at NRW Holdings Limited, reported a change in his indirect interest in the company's securities as of October 20, 2025. This transaction involved a disposal of 164,705 fully paid ordinary shares, valued at $805,407.45, through an on-market trade.

The shares were held indirectly via the J.P. & M.A. Dowling <Dowling Superannuation Fund (Jeffrey) A/C> (Member). Prior to this change, Dowling's indirect holding amounted to 364,705 securities. Following the disposal, the number of indirectly held securities decreased to 200,000.

This adjustment marks a notable reduction in Dowling's indirect exposure to NRW Holdings, as detailed in the latest Appendix 3Y filing. No contracts or closed period trading issues were reported in relation to this change.