Appendix 3Y Change of Director’s Interest Notice Rule 3.19A.2 Appendix 3Y Change of Director’s Interest Notice Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public. Introduced 30/09/01 Amended 01/01/11 Name of entity: Bhagwan Marine Limited (ASX.BWN) ABN: 81 009 154 349 We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act. Name of Director Loui Kannikoski Date of last notice 30 July 2024 Part 1 - Change of director’s relevant interests in securities In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part. Direct or indirect interest Indirect Nature of indirect interest (including registered holder) Loui Kannikoski and Kerren Kannikoski as trustees for the Kannikoski Superannuation Fund (Loui Kannikoski is a beneficiary). Date of change 13 to 19 Sept 2024 Note: Provide details of the circumstances giving rise to the relevant interest. + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 Appendix 3Y Change of Director’s Interest Notice No. of securities held prior to change Directly held 27,042,947 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Indirectly Held Guru Pty Ltd <Kannikoski Family> (Loui Kannikoski and his wife, Kerren Kannikoski are directors and together hold 100% of the shares of Guru Pty Ltd). Holding 10,373,195 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Matilda Mae Kannikoski (Matilda (Loui’s mother) has provided Loui (jointly with his sister, Dianne Elizabeth Kannikoski) with an enduring power of attorney, which provides Loui with the ability to vote and dispose of Matilda’s shares). Holding 73,635,669 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Loui Kannikoski and Kerren Kannikoski as trustees for the Kannikoski Superannuation Fund (Loui Kannikoski is a beneficiary). Holding 476,200 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Class Ordinary Shares Number acquired 176,050 by Loui Kannikoski and Kerren Kannikoski as trustees for the Kannikoski Superannuation Fund. Number disposed Nil Value/Consideration $104,896 Note: If consideration is non-cash, provide details and estimated valuation + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 Appendix 3Y Change of Director’s Interest Notice No. of securities held after change Directly held 27,042,947 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Indirectly Held Guru Pty Ltd <Kannikoski Family> (Loui Kannikoski and his wife, Kerren Kannikoski are directors and together hold 100% of the shares of Guru Pty Ltd). Holding 10,373,195 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Matilda Mae Kannikoski (Matilda (Loui’s mother) has provided Loui (jointly with his sister, Dianne Elizabeth Kannikoski) with an enduring power of attorney which provides Loui with the ability to vote and dispose of Matilda’s shares). Holding 73,635,669 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX). Loui Kannikoski and Kerren Kannikoski as trustees for the Kannikoski Superannuation Fund (Loui Kannikoski is a beneficiary). Holdings: (a) 476,200 fully paid ordinary shares (subject to voluntary escrow until the date on which Bhagwan Marine Limited releases its financial results for the financial year ending 30 June 2025 to the ASX); and (b) 176,050 fully paid ordinary shares, which are not subject to escrow. Nature of change On-market acquisitions Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 Appendix 3Y Change of Director’s Interest Notice Part 2 – Change of director’s interests in contracts Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part. Detail of contract Not Applicable Nature of interest Not Applicable Name of registered holder (if issued securities) Date of change Not Applicable Not Applicable No. and class of securities to which Not Applicable interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired Not Applicable Interest disposed Not Applicable Value/Consideration Not Applicable Interest after change Not Applicable Note: If consideration is non-cash, provide details and an estimated valuation Part 3 – +Closed period Were the interests in the securities or contracts detailed No above traded during a +closed period where prior written clearance was required? If so, was prior written clearance provided to allow the Not Applicable trade to proceed during this period? If prior written clearance was provided, on what date was No Applicable this provided? Date of this notice: 19 September 2024 This ASX announcement has been authorised for release by Loui Kannikoski, Managing Director and CEO of Bhagwan Marine. + See chapter 19 for defined terms. Appendix 3Y Page 4 01/01/2011