Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 1 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 4 November 2025 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) Note: Provide details of the circumstances giving rise to the relevant interest. Loui Kannikoski has a relevant interest in the shares held by various persons and entities. Date of change 31 March 2026 Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 2 01/01/2011 No. of securities held prior to change Directly held 27,042,947 fully paid ordinary shares. 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). Securities Held: 10,373,195 fully paid ordinary shares. 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). Securities Held: 73,635,669 fully paid ordinary shares. Loui Kannikoski and Kerren Kannikoski as Trustees for the Kannikoski Superannuation Fund (Loui Kannikoski is a beneficiary). Securities Held: (a) 652,240 fully paid ordinary shares. (b) 433,414 Performance Rights (unquoted) approved by shareholders on 12 Nov 2024, which are subject to performance conditions and vest on 31 August 2027. These are beneficially held for the Loui Kannikoski. (c) 138,090 Performance Rights (unquoted) approved by shareholders on 12 Nov 2024, which are subject to performance conditions and vest on 31 August 2027. These are beneficially held for the Kerren Kannikoski. (d) 574,870 Performance Rights (unquoted) approved by shareholders on 29 Oct 2025, which are subject to performance conditions and vest on 31 August 2028. These are beneficially held for the Loui Kannikoski. (e) 203,062 Performance Rights (unquoted) approved by shareholders on 29 Oct 2025, which are subject to performance conditions and vest on 31 August 2028. These are beneficially held for the Kerren Kannikoski. Bhagwan Properties Pty Ltd <The Kannikoski Property AC> (Loui Kannikoski and his wife, Kerren Kannikoski, are directors and together hold 100% of the shares of Bhagwan Properties Pty Ltd). Shares Held: 590,000 fully paid ordinary shares. Class Ordinary Shares Number acquired 7,317,074 Number disposed Nil Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation $3,000,000.34 Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 3 No. of securities held after change Directly held 27,042,947 fully paid ordinary shares. 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). Securities Held: 17,080,513 fully paid ordinary shares. 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). Securities Held: 73,635,669 fully paid ordinary shares. Loui Kannikoski and Kerren Kannikoski as Trustees for the Kannikoski Superannuation Fund (Loui Kannikoski is a beneficiary). Securities Held: (f) 1,261,996 fully paid ordinary shares. (g) 433,414 Performance Rights (unquoted) approved by shareholders on 12 Nov 2024, which are subject to performance conditions and vest on 31 August 2027. These are beneficially held for the Loui Kannikoski. (h) 138,090 Performance Rights (unquoted) approved by shareholders on 12 Nov 2024, which are subject to performance conditions and vest on 31 August 2027. These are beneficially held for the Kerren Kannikoski. (i) 574,870 Performance Rights (unquoted) approved by shareholders on 29 Oct 2025, which are subject to performance conditions and vest on 31 August 2028. These are beneficially held for the Loui Kannikoski. (j) 203,062 Performance Rights (unquoted) approved by shareholders on 29 Oct 2025, which are subject to performance conditions and vest on 31 August 2028. These are beneficially held for the Kerren Kannikoski. Bhagwan Properties Pty Ltd <The Kannikoski Property AC> (Loui Kannikoski and his wife, Kerren Kannikoski, are directors and together hold 100% of the shares of Bhagwan Properties Pty Ltd). Shares Held: 590,000 fully paid ordinary shares. Appendix 3Y Change of Director’s Interest Notice + See chapter 19 for defined terms. Appendix 3Y Page 4 01/01/2011 Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back Issue of 7,317,074 Shares to Loui Kannikoski (or his nominee) under the Director Placement and under ASX LR 10.14, as approved by Shareholders on 24 March 2026 (Resolution 4) 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) Not Applicable Date of change Not Applicable No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Not Applicable Interest acquired Not Applicable Interest disposed Not Applicable Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Not Applicable Interest after change Not Applicable Part 3 – +Closed period Were the interests in the securities or contracts detailed above traded during a +closed period where prior written clearance was required? No If so, was prior written clearance provided to allow the trade to proceed during this period? Not Applicable If prior written clearance was provided, on what date was this provided? No Applicable Date of this notice: 31 March 2026 This ASX announcement has been authorised for release by Loui Kannikoski, Managing Director & CEO of Bhagwan Marine.