Updated L&Q Notice – Vulcan Steel Limited

Updated Expected Commencement of Trading on a normal settlement basis on the NZX Main Board from Wednesday 10 November 2021 to Tuesday 9 November 2021 LISTING AND QUOTATION NOTICE: NZX MAIN BOARD VULCAN STEEL LIMITED ("VSL") ORDINARY SHARES Company: Vulcan Steel Limited Issuer Code: VSL ISIN: AU0000181984 Short Name: Vulcan Steel Registered Office: Grant Thornton New Zealand Level 4, Grant Thornton House 152 Fanshawe Street Auckland 1140, New Zealand Website: https://vulcan.co/ Telephone Number: 09 273 7214 Financial Year End: 30 June Nature of Business: Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a diversified customer base including customers in engineering, manufacturing, fabricating, transport, mining and a broad range of other market segments. Vulcan also provides value-added processing services for steel coils, steel plate, stainless steel and engineering steel. Vulcan cuts, drills, slits and shapes for fabrication, assembly or downstream processing by customers Directors: Russell Chenu (Chair), Rhys Jones, Peter Wells, Wayne Boyd, Bart de Haan, Pip Greenwood, Carolyn Steele Details of Issue: The offer is an IPO of approximately 52.3 million shares in Vulcan at an offer price of A$7.10 per share. The offer is expected to raise approximately A$371.6 million. All shares will be sold by and transferred from SaleCo (as described in the prospectus dated 15 October 2021). Quoted Securities at Completion of Offer: 131,408,572 ordinary shares Minimum Application Amount: - Broker Firm Offer: The minimum application under the Broker Firm Offer is as determined by the applicant's Broker. There is no maximum application under the Broker Firm Offer. - Priority Offer: Applications under the Priority Offer must be for a minimum of 300 shares. There is no maximum Application under the Priority Offer. The Priority Offer will be capped at an aggregate amount of 700,000 shares. - Vulcan, SaleCo and the Joint Lead Managers reserve the right to reject any application or to allocate a lesser number of shares than that applied for, in their absolute discretion. Offer Price: A$7.10 per share Tick Size: $0.01 Joint Lead Managers: Credit Suisse (Australia) Limited and UBS AG, Australia Branch Co-Lead Managers: Ord Minnett Limited and Forsyth Barr Group Limited Auditors: Deloitte Limited Solicitors: Australia: Gilbert + Tobin, New Zealand: Webb Henderson Registrar: Link Market Services Limited NZ Settlement Status: NZCDC Settlement System Prospectus Dated: Friday, 15 October 2021 Offer, Priority Offer and Broker Firm Opens: Monday, 25 October 2021 Offer, Priority Offer and Broker Firm Offer Closes: Tuesday, 2 November 2021 Commencement of NZX trading on a conditional and deferred settlement basis: Thursday, 4 November 2021 at 2pm NZT Settlement of the Offer on NZX: Monday, 8 November 2021 Allotment Date: Monday, 8 November 2021 Last day of conditional and deferred trading on NZX: Monday, 8 November 2021 Earliest Mailing of Holder Notices: Tuesday 9 November 2021 Expected Commencement of Trading on a normal settlement basis on the NZX Main Board: Tuesday 9 November 2021 Mark Peterson Chief Executive Officer NZX Limited 03 11 2021 End CA:00382165 For:REGCO Type:OFFER Time:2021-11-03 15:09:25