page1/2 Form 604 Corporations Act 2001 Section 671B Notice of change of interests of substantial holder To Company/registered scheme/notified foreign passport fund name ACN/ARSN/APFRN NFPFRN (if applicable) 1. Details of substantial holder (1) Name ACN/ARSN/APFRN (if applicable) NFPFRN (if applicable) There was a change in the interests of the substantial holder on The previous notice was given to the company, or the responsible entity for a registered scheme, or the operator of a notified foreign passport fund on / / The previous notice was dated 2. Previous and present voting power The total number of votes attached to all the voting shares or interests in the company, scheme or fund that the substantial holder or an associate (2) had a relevant interest (3) in when last required, and when now required, to give a substantial holding notice to the company, scheme or fund, are as follows: Class of securities (4) Previous notice Present notice Person's votes Voting power (5) Person's votes Voting power (5) 3. Changes in relevant interests Particulars of each change in, or change in the nature of, a relevant interest of the substantial holder or an associate in voting securities of the company, scheme or fund, since the substantial holder was last required to give a substantial holding notice to the company, scheme or fund are as follows: Date of Person whose Nature of change (6) Consideration given Class and Person's votes change relevant interest in relation to number of affected changed change (7) securities affected Particulars of each relevant interest of the substantial holder in voting securities after the change are as follows: Holder of relevant interest Registered holder of securities Person entitled to be registered as holder (8) Nature of relevant interest (6) Class and number of securities Person's votes 10 Bolivianos Pty Ltd 621 479 794 Elixinol Wellness Limited 20/11/2025 from 25 November 2025 to 3 September 2026 Fully Paid Ordinary Shares 52,812,092 12.76% 87,073,200 19.87% 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd Shareholder 620 725 902 4. Present relevant interests See schedule 1. ordinary shares 87,073,200 fully 87,073,200 fully paid paid ordinary shares 604 page2/2 5. Changes in association The persons who have become associates (2) of, ceased to be associates of, or have changed the nature of their association (9) with, the substantial holder in relation to voting securities in the company, scheme or fund are as follows: Name and ACN/ARSN/APFRN (if applicable) and NFPFRN (if applicable) Nature of association 6. Addresses The addresses of persons named in this form are as follows: Name Address Signature Niv Dagen shareholder date / / DIRECTIONS (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 6 of the form. (2) See the definition of "associate" in section 9 of the Corporations Act 2001. (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001. (4) The voting shares of a company constitute one class unless divided into separate classes. (5) The person's votes divided by the total votes in the body corporate, scheme or fund multiplied by100. (6) Include details of: (a) any relevant agreement or other circumstances because of which the change in relevant interest occurred. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies). See the definition of "relevant agreement" in section 9 of the Corporations Act 2001. (7) Details of the consideration must include any and all benefits, money or otherwise, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired. (8) If the substantial holder is unable to determine the identity of the person (eg. if the relevant interest arises because of an option) write "unknown". (9) Give details, if appropriate, of the present association and any change in that association since the last substantial holding notice. N/A N/A 10 Bolivianos Pty Ltd 1 Kanowna Street, Hampton Victoria 3188 8 9 2026 Schedule 1 Date of last notice 20 November 2025 Balance of last notice 52,812,092 0.0060 $ 0.0060 $ 0.0056 $ 0.0056 $ New Balance 87,073,200 Class and number of securities affected Person's votes affected 0.0200 $ 0.0075 $ 0.0065 $ 1,000,000 - 2,000,000 4,209 2/02/2026 Person whose relevant interest changed Date of change Nature of change Consideration given in relation to change 25/11/2025 16/12/2025 8/01/2026 22/01/2026 28/01/2026 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 23/03/2026 24/03/2026 25/03/2026 19/05/2026 26/05/2026 22/06/2026 22/06/2026 On Market Purchase On Market Purchase On Market Purchase On Market Purchase On Market Purchase 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 10 Bolivianos Pty Ltd 0.0104 $ 0.0100 $ 0.0096 $ 0.0105 $ 0.0110 $ On Market Purchase On Market Purchase On Market Purchase On Market Purchase On Market Purchase On Market Purchase On Market Purchase On Market Sale 2,351,454 2,208,000 1,500,000 6,860,000 4,600,000 0.0110 $ 0.0070 $ 0.0070 $ 0.0070 $ Total 2,351,454 2,208,000 1,500,000 6,860,000 4,600,000 1,500,000 2,488,878 164 78,101 34,261,108 3,600,000 1,500,000 2,488,878 164 78,101 34,261,108 1,000,000 - 2,000,000 4,209 3,600,000 8,070,302 3/09/2026 Convertible Note Exercise 8,070,302