End of secondary escrow period

Vulcan Steel Limited (Vulcan) ASX/NZX/Media Release 11 August 2023 End of second voluntary escrow period Vulcan (ASX: VSL, NZX: VSL) advises that, in accordance with ASX Listing Rule 3.10A, the following securities will be released from voluntary escrow: Number of securities Class of securities Release date 36,428,438 Fully paid ordinary shares 29 August 2023 To facilitate Vulcan's initial public offering and listing on the ASX and NZX, certain security holders agreed to place the above securities into voluntary escrow until after Vulcan's results for the financial year ended 30 June 2023 (FY23) are released to ASX and NZX. Vulcan is intending to announce its FY23 annual results on Tuesday, 29 August 2023 and as such the above securities will come off escrow from 4:15pm (AEST) on that date. ENDS Kar Yue Yeo Investor and media contact Email: karyue.yeo@vulcan.co Phone: +64 9 273 7214 This announcement was authorised by Vulcan's Board of Directors. End CA:00416172 For:VSL Type:GENERAL Time:2023-08-11 09:27:11