Announcement PDF Q4 FY24 Quarterly Report 25th July 2024 Walyering 7 co-located with the Walyering Gas Plant Comments from Managing Director & CEO, Stuart Nicholls: “Strike has finished a productive quarter which included record production and revenue at Walyering, the receipt of major environmental approvals for the West Erregulla gas project and the submission of an application to AEMO for the development of a fully integrated 85 MW peaking gas power station at South Erregulla, built on the Precinct. Strike continued to demonstrate the upside in its substantial, ~3,500km² Perth Basin position, with a gas and condensate discovery at the Walyering-7 well, the spud of the Erregulla Deep-1 well, completion of the Kadathinni 2D seismic and the receipt of the first data volumes of the exciting Ocean Hill 3D seismic. The business is now focussed on preparing for key milestones in its Gas Acceleration Strategy, including final investment decisions for the West Erregulla field development and the South Erregulla power project.” Highlights Walyering • Walyering quarterly gas and condensate sales volumes increased by 7% to ~2.4 PJe with sales revenues increasing by 13% to approximately $20 million. • Walyering-7 drilling and testing has confirmed the presence of a conventional gas and condensate accumulation with 23m of net pay. South Erregulla • Strike submitted a proposal to the AEMO to build a fully integrated 85 MW Peaking Power Plant on the Precinct to maximise the value of the South Erregulla resource base 1. • Reserves and resources of 82 PJ 2P plus 2C were re-certified by Netherland, Sewell & Associates Inc. (NSAI) 2. 1 Refer to Important Notices at the end of this report. For more information, see ASX announcement dated 24 June 2024 entitled “South Erregulla Peaking Power Plant submission supported by SE Reserves”. 2 Refer to Important Notices at the end of this report for important information on Reserves and Resources estimations. Strike Energy Limited ABN 59 078 012 745 www.strikeenergy.com.au P: +61 8 7099 7400 E: strike@strikeenergy.com.au Level 1, 40 Kings Park Road West Perth WA 6005 West Erregulla • Received Part IV primary environmental approvals for the upstream and midstream infrastructure for the proposed 87 TJ/d West Erregulla gas field development 3. • The CSBP firm gas supply agreement from West Erregulla has expired and now reverts to the original option for gas supply under the Gas Sales Option Agreement announced in May 2019. Exploration & Appraisal • The Erregulla Deep-1 well in EP469 spudded during the quarter and has reached a depth of 3709m MD. • The 484 km Kadathinni 2D seismic campaign was completed on time and on budget. • Rig slot allocated for the drilling of the prospective Walyering East structure in late 2024, 4.5km to the north-east of the Walyering processing facility. Corporate • Terms agreed with Macquarie Bank for the provision of a 5-year, $153 million financing package 4 for its Perth Basin Gas Acceleration Strategy. • Minimum holding buy-back completed, reducing the Company’s total number of shareholders by 8%. Key Performance Metrics Mar Q3 FY24 Jun Q4 FY24 Qtr on Qtr change FY23 YTD FY24 YTD Change (PJe net) 2.2 2.4 7% - 6.5 - (PJe net) 2.2 2.4 7% - 5.6 - 17.6 19.9 13% - 52.2 - 17.6 19.9 13% - 45.6 - Cash and cash equivalents 44.6 38.8 (13%) 129 38.8 (70%) Undrawn debt 46.8 46.8 - 46.8 46.8 - Total Liquidity 91.4 85.5 (6%) 175.8 85.5 (51%) Mar Q3 FY24 Jun Q4 FY24 Qtr on Qtr change FY23 YTD FY24 YTD Change PJ 2.2 2.3 4% - 6.3 - PJ 2.2 2.3 4% - 5.5 - kbbl 17.1 17 0% - 49 - kbbl 17.1 17 0% - 42.3 - PJe 2.3 2.4 4% - 6.6 - PJe 2.3 2.4 4% - 5.7 - MMboe 0.4 0.4 4% - 1.1 - MMboe 0.4 0.4 4% - 0.9 - A$ million unless indicated Sales volume (gross) Sales volume (net to Strike) Sales revenue (gross) Sales revenue (net to Strike) Production Production by product Sales gas (gross) 5 Sales gas (net to strike) Condensate (gross) Condensate (net to strike) Total production (gross) Total production (net to Strike) Total production (gross) Total production (net to Strike) Note: Net to Strike is 55% equity to 31 Dec 2023 and 100% thereafter. 3 For more information, see ASX announcement dated 9 July 2024 entitled “West Erregulla receives EPA Approval”. 4 For more information, see ASX announcement dated 21 June 2024 entitled “Terms agreed for $153m Development Funding Package”. 5 Sales gas production includes gas invoiced in a prior period and taken as ‘banked gas’ pursuant to the ‘Take or Pay’ contract with Santos WA Ltd. 2 Walyering (L23, 100% and operator) • The Walyering gas field produced a total of ~2.4 PJe of gas and condensate for the quarter or approximately 25 TJ/d of sales gas and 185 bbls/d of condensate. • Walyering-7 (W-7) was drilled and commenced testing during the quarter which confirmed the presence of a conventional gas and condensate accumulation with 23m of net pay in the primary objectives within the Cattamarra Formation. The well has been tested into the facility where all gas and condensate from the test has been sold into Strike’s existing marketing arrangements. Whilst testing is ongoing Strike has observed the A-Sands as having a higher condensate gas ratio and heating value than expected which whilst preliminary is a positive development. At the conclusion of the testing, Strike intends for W-7 to be permanently tied into the facility, which is expected to occur by the end of the coming quarter. • Given the higher condensate yields observed during the first stage of testing at W-7, Strike is investigating possible localised sales and use opportunities for the condensate. Strike has completed a more than 1,000-hour test program fuelling a gasoline generator and generating power with the condensate as it looks broadly across all possible alternative commercialisation pathways. • Walyering-6 (W-6) conducted flow testing of a new previously untested zone in the upper Cattamarra Formation, which was identified on a post startup petrophysical review. Positively, sustained gas production of 5 TJ/d, with a manageable yet variable water cut depending on gas rates, was initiated from a 5m sand. This zone is in addition to the existing producing reservoirs in the Cadda and Cattamarra Formations. • RISC Advisory Pty Ltd commenced its process for reviewing the Walyering Reserves and Resources. This review will include the production from Walyering, the new zone tested at W6 and the results of the drilling and testing at W-7. This review is expected to be complete by the end of August 2024. • Strike has allocated a rig slot in December 2024 to drilling the prospective Walyering East structure, 4.5 km to the north-east of the Walyering gas processing facility and defined on the existing 3D seismic. Whilst Ocean Hill remains the priority for rig allocation, Ocean Hill-2 will not be ready to appraise until early 2025 due to processing timelines of the recently acquired 3D seismic. Drilling of the Walyering East well is also timely with the PGP to DBNGP crossing at Mondarra estimated to become available in December 2024 which will broaden Walyering’s gas marketing opportunities. 3 WA Energy Market • WA gas market conditions have softened from historical highs as large suppliers return to the market offering new short term gas contracts, however, spot prices continue to remain at elevated levels in the high $8 per gigajoule range. • The market remained resilient despite extended outages in June with KGP ullage and sustained storage withdrawals (Mondarra & Tubridgi) filling any immediate supply gaps. Of the last 14 quarters storage volumes across WA have only been replenished on 3 occasions, demonstrating the long-term changes in the gas market dynamic. • The Economic Standing Committee resolved to postpone the tabling of the final report on its inquiry into the WA Domestic Gas Policy. The committee will now table the report on Thursday 15 August 2024. Strike continues to engage with the WA Government on the merits of allowing some exports from the Perth Basin to maximise and accelerate exploration and production of domestic gas. • Electricity markets continue to be a major driver of gas demand and pricing dynamics with gas contributing ~42% to operational electricity demand during the quarter. • The quarter’s average cost for electricity in WA was $80.30/MWh, with average peak energy prices (4pm – 9pm) of $169/MWh. • Trading intervals of max pricing ($738/MWh or ~$92 GJ equivalent using 8 GJ per MW) continue to occur frequently in the WA Wholesale Electricity Market with a total of 124 Reference Trading Price intervals (30-minutes) reaching the capped price for the quarter. 4 Exploration & Development West Erregulla (EP469, STX 50% and operator) • During the quarter Strike (on behalf of the EP469 Joint Venture) was awarded the West Erregulla upstream development Part IV environmental EPA approval, as was Australian Gas Infrastructure Group (AGIG), as the operator of the proposed midstream development. These approvals, which took ~3 years, are a major derisking event for the project. • The CSBP firm gas supply agreement expired during the quarter and reverted to the original option for gas supply under the Gas Sales Option Agreement announced on 29 May 2019. As a result, the fixed gas price that had been agreed under the firm gas supply agreement will revert to the option price as calculated under the Gas Sales Option Agreement (up to 25 TJ/d and a total contract quantity of 100 PJ). • Strike progressed the development and gas processing agreements with AGIG for the construction and tolled gas processing services for the proposed 87 TJ/d gas plant and pipeline connection into the DBNGP. • Work on the Field Development Plan for the proposed 87 TJ/d development was conducted and is undergoing further joint venture review. • Strike progressed the Production Licence application and has accepted the draft instrument expecting the formal grant from DEMIRS shortly. • Strike spudded the Erregulla Deep-1 exploration well, which is currently at 3,709m Measured Depth and is drilling ahead. Unfortunately, eleven days of downtime has been incurred due to unforeseen repairs related to the drilling rig. All downtime costs related to this issue were at the drilling contractor’s expense. South Erregulla (L24, STX 100% and operator) • During the quarter, Strike submitted an application to the Australian Electricity Market Operator (AEMO) for the award of capacity credits and network access to support a standalone development proposal at South Erregulla. The submission was for Strike to construct and operate a fully integrated 85 MW peaking gas power plant on Strike’s Precinct with operations to commence by October 2026. 5 • The proposed power plant will be fuelled by South Erregulla’s re-certified gas Reserves, where the 1P Reserves of 37 PJ 6 supports a project life of more than 25 years 7. • Strike expects to be informed in August 2024 as to whether it has been awarded capacity by AEMO. In October, Strike will be informed of the price of that capacity, as well as network access quantity awarded to it. This will lead into Strike being able to contemplate a Final Investment Decision (FID) in November 2024. • This strategic development plan for South Erregulla capitalises on the: o incremental value that integrated gas-topower projects can generate from the spark-spread during short term power prices coinciding with lower renewable generation; o capacity credit mechanism now in force in WA, whereby payments from the WA Government provide Strike with a high degree of confidence in the return profile of the project; o Assumes ~8 GJ/MW produced with a base assumption of geographical competitive advantage Strike $8 GJ for domestic gas, using Walyering sales as a benchmark. has over the traditional WA domestic gas market (Carnarvon Basin) incumbents and other non-integrated generators; and o Strike’s existing approvals and much of the planning work completed in contemplation of the previous South Erregulla domestic gas project. • The capital cost estimate for the power project has been compiled by Strike and its engineering consultants to a AACE Class 3 Estimate Classification (-15% to +30%) level of accuracy. Estimated capital costs, at this stage in the project’s development cycle, range between $120 million and $160 million. • As disclosed on the 21st of June 2024, Strike has agreed terms for a financing package from Macquarie Bank. Of this package, $53 million is allocated to the South Erregulla power project development, which when combined with strong free cashflow generation from Strike’s existing production operations, allows for Strike to meet the modelled mid-case capital requirements for the project’s development and construction. 6 Reserves re-certified by NSAI as at 31 May 2024 and reported to Strike on 21 June 2024. Refer to ASX announcement “South Erregulla Reserves” dated 24 June 2024 for important information regarding the South Erregulla Reserves and Resources report and to the Important Notices at the end of this release. 7 Project life modelled on average throughput of ~1.3 PJ per annum, refer ASX announcement dated 24 June 2024 entitled “South Erregulla Peaking Power Plant submission supported by SE Reserves” for key operating assumptions. 6 Ocean Hill (EP495, STX 100% and operator) • Strike has received fast-track processing of the recently acquired Ocean Hill 3D dataset by RealTime Seismic with a significant uplift in data quality compared to the original 2D seismic survey. • Positively, preliminary interpretation of the data suggests a simpler structure with fewer large-scale, continuous faults leading to lower interpreted compartmentalisation across the Ocean Hill gas discovery. • Seismic reflectivity within the Cattamarra Formation is interpreted to indicate reservoir quality. Importantly, the new 3D data shows a lack of reflectivity at Cattamarra level at Ocean Hill-1 (drilled in 1991) which corroborates Strike’s interpretation that the well was not located optimally and areas adjacent to the primary north-south faults represent areas of better reservoir development. • Possible Ocean Hill-2 drill locations are being identified on the fast-track seismic volumes where further processed volumes of the seismic will allow for additional geophysical work to be conducted and increase confidence as Strike refines these proposed locations. • Earth Signal are completing in-depth processing of the full dataset and final seismic volumes are expected towards the end of the year. Arrino-Kadathinni (EP503, 504 & 505, STX 100% and operator) • Acquisition of the Kadathinni 2D seismic survey was completed in early June on time and within budget. Processing of the seismic will be conducted by RealTime Seismic and final volumes are expected to be received toward the end of the September quarter. • Early versions of the seismic show positive imaging at Permian level with definition of the major fault systems that support the structural extensions from Lockyer and the Erregulla’s. L7 Joint Venture (L7, STX 25% and non-operator) • The L7 Joint Venture took possession of the Ventia 106 rig for the drilling of the Booth-1 exploration well in the north Perth Basin on 22 July 2024. The well is prospective for both oil and gas targets throughout the upper and lower Permian. It is expected to take 10 days to move the rig to site and the Operator expects the well to be spudded on or about 31 July 20248. Financial • During the quarter total gross sales were ~2.4 PJe of gas and condensate. Sales were made up of 2.3 PJ of sales gas and 15,661 bbls of associated condensate across 2 liftings. Total sales revenue rose 13% quarter on quarter. 8 Refer to Triangle Energy (TEG:ASX) ASX announcement dated 22 July 2024 entitled “Ventia Rig Mobilising to Booth-1 Well Location”. 7 • Gas sales revenues for the quarter were ~$18 million (10% increase q-o-q). Averaged realised gas prices were ~$7.82 GJ (4% increase). Condensate liftings and sales from Port Bonython totalled ~$2.2 million (37% increase q-o-q) and averaged ~$139/bbl (18% increase q-o-q). Total production costs year to date have averaged $0.62/GJ. • Capital expenditure during the quarter was $26.4 million, including the Walyering-7 drilling and testing campaign, the Kadathinni 2D seismic acquisition and preparation for the Erregulla Deep-1 and Booth-1 exploration wells. • Strike finished the quarter with a liquidity position of ~$86 million (~$39 million of cash, ~$47 million of committed, undrawn debt and $0.14 million of listed equities). • During the quarter Strike was not required to pay down its existing Macquarie facility whilst it was engaged in negotiations for its proposed $153 million financing package9. Drawn debt from this facility at the end of the quarter was $16.3 million. • During the quarter $239,621 in payments were made to related parties for director fees. Revenue Note: Net to Strike is 55% equity to 31 Dec 2023 and 100% thereafter. Mar Q3 FY24 Jun Q4 FY24 Qtr on Qtr change FY23 YTD FY24 YTD Change 16 17.7 10% - 47.1 - Gas (net to Strike) 16 17.7 10% - 41.1 - Condensate (gross) 1.6 2.2 37% - 5.2 - 1.6 2.2 37% - 4.5 - 17.6 19.9 13% - 52.3 - 17.6 19.9 13% - 45.6 - A$ million Sales Revenue Gas (gross) 10 Condensate (net to Strike) Total Sales Revenue (gross) Total Sales Revenue (net to Strike) Average Realised Prices Gas ($/GJ) 7.54 7.82 4% - 7.45 - Condensate ($/bbl) 118.52 130.4 10% - 123.9 - Mar Q3 FY24 Jun Q4 FY24 Qtr on Qtr change FY23 YTD FY24 YTD Change Exploration & Appraisal 11 19.2 8.9 (54%) 7.8 84.5 979% Development 12 0 19.7 N.A 43.5 27 (38%) 19.2 28.6 49% 51.4 111.4 117% Mar Q3 FY24 Jun Q4 FY24 Qtr on Qtr change FY23 YTD FY24 YTD Change Cash & Cash Equivalents 44.6 38.8 (13%) 129 38.8 (70%) Undrawn Debt 46.8 46.8 - 46.8 46.8 - 91.4 85.5 (6%) 175.8 85.5 (51%) Capital Expenditure A$ million Total Capital Expenditure Liquidity A$ million Total Liquidity 9 Refer to footnote 4. 10 Sales gas revenue includes gas banked and not taken or produced pursuant to the ‘Take or Pay’ contract with Santos WA Ltd. 11 E & A expenditure includes long lead drilling inventory. 12 Development expenditure includes Walyering 7 drilling and associated tie back capital as well as restoration estimates. 8 Corporate & Commercial • During the quarter Strike announced that it has reached agreement with Macquarie Bank Limited for a $153 million development funding package, including the refinancing of the existing debt package, to fund production upgrades, pre-development and development costs across its Perth Basin portfolio of assets. Provision of the facilities is subject to execution of the definitive financing documentation 13. • Strike completed a minimum holding buy-back for the holders of unmarketable parcels (less than $500) of ordinary shares 14. The final number of shares purchased under the minimum holding buy-back was 1,452,642 ordinary shares, held by a total of 1,127 shareholders. This represents approximately 8% of the Company’s total number of shareholders. The aggregate value of the shares bought back was $348,634.08. Petroleum Tenements Held at the End of the Quarter Permit Type Basin Play Operator (parent) STX Interest Gross Area (acres) STX Net Area (acres) L23 (Walyering) Production Perth Basin Jurassic Wet Gas Strike 100% 18,222 18,222 L24 (South Erregulla) Production Perth Basin Permian Gas Strike 100% 18,409 18,409 L7 (Mount Horner) Production Perth Basin Permian Gas/Oil Triangle 25% 37,021 9,255 EP469 (West Erregulla) Exploration Perth Basin Permian Gas Strike 50% 55,500 27,750 EP503 Exploration Perth Basin Permian Gas Strike 100% 120,217 120,217 EP504 Exploration Perth Basin Permian Gas Strike 100% 92,170 92,170 EP505 Exploration Perth Basin Permian Gas Strike 100% 18,533 18,533 EP506 Exploration Perth Basin Permian Gas Strike 100% 37,066 37,066 EP447 Exploration Perth Basin Jurassic Wet Gas Strike 100% 127,849 127,849 EP488 Exploration Perth Basin Jurassic Wet Gas Strike 100% 73,390 73,390 EP489 Exploration Perth Basin Jurassic Wet Gas Strike 100% 36,572 36,572 EP495 Exploration Perth Basin Jurassic Wet Gas Strike 100% 73,637 73,637 EP437 Exploration Perth Basin Permian Gas/Oil Triangle 25% 176,861 44,215 PPL210 (Aldinga) Production Cooper Basin Shallow Oil Beach 50% 988 494 PEL 96 Exploration Cooper Basin Deep Coal Strike 67% 668,098 444,953 This report is authorised for release by the Managing Director and Chief Executive Officer in accordance with the Company’s Continuous Disclosure Policy. Company Contact Emma Alexander Investor Relations & Corporate Manager Strike Energy Limited +61 419 877 137 emma.alexander@strikeenergy.com.au Media Contacts Paul Ryan Sodali & Co. +61 409 296 511 paul.ryan@sodali.com 13 Refer to footnote 4. 14 For further information, refer to ASX announcement dated 28 March 2024 entitled “Minimum Holding Share Buy-Back”. 9 Important Notices Power Project The development of the Power Project is contingent on, among other things, the award of Certified Reserve Capacity (CRC) and Network Access Quantity (NAQ), satisfaction of the conditions precedent to and financial close under the Macquarie Bank project finance facility for the Power Project (details of which were released to ASX on 21 June 2024), execution of all required procurement contracts, and obtaining all requisite regulatory and stakeholder permits, approvals, licences and authorisations by no later than 30 November 2024 in order to meet the construction timeline to be supplying electricity into the grid by 1 October 2026. The forecast capital and operating expenditures and revenue for the Power Plant have been modelled based on the assumptions and information set out or referred to in this release (including but not limited to the Company’s announcement dated 24 June 2024), are to the level of accuracy as specified in this release, and are subject to change. These forecasts are, by their nature, forward looking statements and subject to the same risks as other forward looking statements (see below). Reserves and Resources Information Unless otherwise stated, references in this Interim Financial Report to the South Erregulla Reserves and Resources Estimate is to the reserves and resource estimates set out in ASX announcement dated 24th June 2024 entitled “South Erregulla Reserves”. This announcement is available to view on Strike Energy's website at www.strikeenergy.com.au. Strike confirms it is not aware of any new information or data that materially affects the information included in the referenced announcements and that all the material assumptions and technical parameters underpinning the estimates in those announcements continue to apply. Forward looking Statements Statements contained in this Interim Financial Report, including but not limited to those regarding the possible or assumed future costs, projected timeframes, performance, dividends, returns, revenue, exchange rates, potential growth of Strike, industry growth, commodity or price forecasts, or other projections and any estimated company earnings are or may be forward looking statements. Forward looking statements can generally be identified by the use of words such as ‘project’, ‘foresee’, ‘plan’, ‘expect’, ‘budget’, ‘outlook’, ‘schedule’, ‘estimate’, ‘target’, ‘guidance’ ‘aim’, ‘intend’, ‘anticipate’, ‘believe’, ‘estimate’, ‘may’, ‘should’, ‘will’ or similar expressions. Forward looking statements including all statements in this document regarding the outcomes of preliminary and definitive feasibility studies, projections, guidance on future earnings and estimates are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. These statements relate to future events and expectations and as such involve known and unknown risks and significant uncertainties, many of which are outside the control of Strike. Actual results, performance, actions and developments of Strike may differ materially from those expressed or implied by the forward-looking statements in this Interim Financial Report. Such forward-looking statements speak only as of the date of this document. Refer to the risk factors set out in Talon Energy Limited’s Scheme Booklet dated 3 November 2023 in relation to the acquisition by Strike Energy (through its wholly owned subsidiary) of all of the issued shares in Talon Energy by way of scheme of arrangement pursuant to Part 5.1 of the Corporations Act 2001 (Cth) for a summary of certain general, Strike Energy specific and acquisition specific risk factors that may affect Strike Energy. There can be no assurance that actual outcomes will not differ materially from these statements. Investors should consider the forward looking statements contained in this Interim Financial Report in light of those disclosures. To the maximum extent permitted by law (including the ASX Listing Rules), Strike and any of its affiliates and their directors, officers, employees, agents, associates and advisers disclaim any obligations or undertaking to release any updates or revisions to the information in this document to reflect any change in expectations or assumptions; do not make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information in this document, or likelihood of fulfilment of any forward-looking statement or any event or results expressed or implied in any forward-looking statement; and disclaim all responsibility and liability for these forward-looking statements (including, without limitation, liability for negligence). Nothing in this Interim Financial Report will under any circumstances create an implication that there has been no change in the affairs of Strike since the date of this document. 10 Quarterly Activities & Financials Q4-FY24 Erregulla Deep-1 Cautionary note and disclaimer Summary information This presentation contains summary information and statements about Strike Energy Limited (ASX:STX) (Strike), its subsidiaries and their respective activities, which is current as at the date of this presentation (unless otherwise indicated). The information in this presentation is general in nature and does not purport to be exhaustive. For example, this presentation does not purport to contain all of the information that investors may require in evaluating a possible investment in Strike . It has been prepared by Strike with due care but no representation or warranty, express or implied, is provided by Strike in relation to the currency, accuracy, reliability, fairness or completeness of the information, opinions or conclusions in this presentation. This presentation should be read in conjunction with Strike’s other periodic and continuous disclosure announcements lodged with the Australian Securities Exchange (ASX), which are available on the ASX website (at www.asx.com.au) and the Strike website (at www.strikeenergy.com.au). No person other than Strike has authorised or caused the issue, release, submission, distribution or provision of this presentation, or takes any responsibility for, or makes or purports to make, any statements, representations or undertakings in this presentation. Strike, to the maximum extent permitted by law, expressly excludes and disclaims all liability (including, without limitation, any liability arising out of fault or negligence on the part of any person) for any direct, indirect, consequential or contingent loss or damage, or for any costs or expenses, arising from the use of this presentation or its contents or otherwise arising in connection with it. Strike does not make any representations or warranties (express or implied) to you about the currency, accuracy, reliability or completeness of the information, opinions and conclusions in this presentation (including, without limitation, any financial information, any estimates or projections and any other financial information). Not an offer, and not investment or financial product advice This presentation is not a prospectus, product disclosure statement or other disclosure document under the Corporations Act, or other offering document under Australian law or any other law. This presentation has not been lodged with the Australian Securities and Investments Commission. This presentation, and the information contained in it, is provided for information purposes only and is not an offer or solicitation or an invitation or recommendation to subscribe for, acquire or buy securities of Strike, or any other financial products or securities, in any place or jurisdiction. This presentation may not be released to US wire services or distributed in the United States. This presentation does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or any other jurisdiction in which such an offer would be unlawful. The securities referred to in this document have not been, and will not be, registered under the US Securities Act of 1933 (US Securities Act) and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws. This presentation, and the information provided in it, does not constitute, and is not intended to constitute, financial product or investment advice (nor tax, accounting or legal advice) or a recommendation to acquire any