Vulcan Energy Resources Limited, AU0000066086

EQS-PVR: Vulcan Energy Resources Limited: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Notification of Major Holdings

1. Details of issuer Name: Vulcan Energy Resources Limited Street: Level 11,Brkfl. Pl.,125 StGeorgesTer. Postal code: 6000 City: PerthAustralia Legal Entity Identifier (LEI): 8945006OYFHQ9HE4XE54 2. Reason for notification X Acquisition/disposal of shares with voting rights ? Acquisition/disposal of instruments ? Change of breakdown of voting rights ? Other reason: 3. Details of person subject to the notification obligation Legal entity: UBS Group AGCity of registered office, country: Zurich, Switzerland 4. Names of shareholder(s) holding directly 3% or more voting rights, if different from 3.? 5. Date on which threshold was crossed or reached: 18 May 2023 6. Total positions ? % of voting rights attached to shares (total of 7.a.) % of voting rights through instruments (total of 7.b.1 + 7.b.2) Total of both in % (7.a. + 7.b.) Total number of voting rights pursuant to Sec. 41 WpHG New 2.90 % 0.13 % 3.03 % 164,835,301 Previous notification 3.87 % 0.15 % 4.02 % / 7. Details on total positions a. Voting rights attached to shares (Sec. 33, 34 WpHG) ISIN Absolute In % ? Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) Direct (Sec. 33 WpHG) Indirect (Sec. 34 WpHG) AU0000066086 0 4,776,906 0.00 % 2.90 % Total 4,776,906 2.90 % b.1. Instruments according to Sec. 38 (1) no. 1 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Voting rights absolute Voting rights in % Right to recall lent shares at any time 176,500 0.11 % Right of use over shares at any time 41,499 0.03 % ? ? Total 217,999 0.13 % b.2. Instruments according to Sec. 38 (1) no. 2 WpHG Type of instrument Expiration or maturity date Exercise or conversion period Cash or physical settlement Voting rights absolute Voting rights in % 0 0.00 % ? ? ? Total 0 0.00 % 8. Information in relation to the person subject to the notification obligation? Person subject to the notification obligation is not controlled nor does it control any other undertaking(s) that directly or indirectly hold(s) an interest in the (underlying) issuer (1.). X Full chain of controlled undertakings starting with the ultimate controlling natural person or legal entity: Name % of voting rights (if at least 3% or more) % of voting rights through instruments (if at least 5% or more) Total of both (if at least 5% or more) UBS Group AG % % % UBS AG % % % UBS Holdings Pty Ltd % % % UBS Securities Australia Ltd % % % - % % % UBS Group AG % % % UBS AG % % % UBS Asset Management AG % % % UBS Asset Management Switzerland AG % % % UBS Fund Management (Switzerland) AG % % % - % % % UBS Group AG % % % UBS AG % % % UBS Asset Management AG % % % UBS Asset Management Holding (No. 2) Ltd % % % UBS Asset Management Holding Ltd % % % UBS Asset Management (UK) Limited % % % - % % % UBS Group AG % % % UBS AG % % % UBS Switzerland AG % % % - % % % UBS Group AG % % % UBS AG % % % UBS Asset Management AG % % % UBS Asset Management (Australia) Ltd % % % 9. In case of proxy voting according to Sec. 34 para. 3 WpHG (only in case of attribution of voting rights in accordance with Sec. 34 para. 1 sent. 1 No. 6 WpHG) Date of general meeting: Holding total positions after general meeting (6.) after annual general meeting:Proportion of voting rights Proportion of instruments Total of both % % % 10. Other explanatory remarks:? Date23 May 2023

23.05.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

Language: English Company: Vulcan Energy Resources Limited Level 11,Brkfl. Pl.,125 StGeorgesTer. 6000 Perth

Australia Internet: www.v-er.eu ? End of News EQS News Service

1639657??23.05.2023?CET/CEST