Announcement PDF 16 October 2026 ASX RELEASE Notice of 2026 Annual General Meeting strike@strikeenergy.com.au ABN 59 078 012 745 www.strikeenergy.com.au L1, 40 Kings Park Rd, West Perth WA 6005 Dear Shareholders 2026 Annual General Meeting The 2026 Annual General Meeting of shareholders of Strike Energy Limited (the “Company”) will be held at 11.00am (AWST ) on Tuesday 17 November 2026, at the Celtic Club, 48 Ord Street, West Perth, Western Australia (“Meeting”). Shareholders may attend the Meeting in person or virtually via the Lumi AGM platform at https://meetings.lumiconnect.com/300 - 367 - 549 -894 . Notice of Meeting In accordance with the Corporations Act 2001 (Cth), the Notice of Meeting and accompanying Explanatory Memorandum are being made available electronically. A hard copy will not be sent to Shareholders unless requested in accordance with their communication preferences. The Notice of Meeting and Explanatory Memorandum are available on the Company's website at https://strikeenergy.com.au/meetings/ or through the ASX announcements platform under the Company's ASX code, STX. Meeting participation and voting All voting during the Meeting will be conducted electronically via the Lumi AGM platform, including for Shareholders attending in person. Shareholders may access the platform using a computer or mobile device via https://meetings.lumiconnect.com/300 - 367 - 549 -894 or through the Lumi AGM mobile app. Shareholders attending in person who wish to vote during the Meeting must bring their own internet -enabled mobile device. The Company will not provide devices for voting. Shareholders participating virtually will be able to watch the Meeting live, ask questions and vote on resolutions during the Meeting. The Lumi AGM platform will be available for Shareholders to log in from 10.00am (AWST) on the day of the Meeting. To access the Meeting, Shareholders will require the following details: • Meeting ID: 300 -367 - 549 - 894 • Username: Your individual Voter Access Code (VAC), printed on your Proxy Form. • Password: Your Australian postcode. Overseas Shareholders should refer to the Online Voting User Guide for password instructions. Further information on accessing the platform, participating in the Meeting and voting is provided in the attached Online Voting User Guide . Shareholders who have been appointed as third -party proxies, or who require assistance accessing the Lumi AGM platform or participating virtually, should contact the Company's Share Registry, Boardroom Pty Limited, on 1300 737 760 (within Australia) or +61 2 9290 9600 (international). This announcement has been authorised for release by the Board of Directors. Further information: To learn more visit: Michaela Stanton - Cook www.strikeenergy.com.au Company Secretary Strike Energy Limited Follow us on michaela.stanton - cook@strikeenergy.com.au NOTICE OF ANNUAL GENERAL MEETING AND EXPLANATORY MEMORANDUM 20 Strike Energy Limited ACN 078 012 745 DATE: Tuesday 17 November 2026 TIME: 11.00AM (AWST) PLACE: Celtic Club, 48 Ord Street, West Perth, Western Australia Shareholders may attend the meeting in person or virtually via the Lumi Platform at https://meetings.lumiconnect.com/300-367-549-894 This Notice of Meeting and Explanatory Memorandum should be read in its entirety. Shareholders may participate in the Meeting in person or virtually through an online platform provided by our share registrar, Boardroom Pty Ltd (further details enclosed). If you are in doubt as to how to vote, you should seek advice from your accountant, solicitor or other professional adviser without delay. STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 2 LETTER FROM THE CHAIR Dear Fellow Shareholders, I am pleased to present Strike’s Notice of Meeting and Annual General Meeting materials for 2026. The past year has been one of significant change and renewal for Strike. The Board has carefully considered shareholder feedback, refreshed both the Company's governance structure and leadership capability and implemented remuneration-related initiatives designed to strengthen accountability, improve alignment with shareholders and position the Company for its the next phase of growth. At the 2025 Annual General Meeting, shareholders voted against the adoption of the FY25 Remuneration Report, resulting in a first strike under the Corporations Act. The Board listened carefully to the feedback conveyed through the vote and committed to taking meaningful action in response. Director Fee Reductions and Board Resizing As an immediate demonstration of accountability, the Board resolved to reduce Directors' fees by 20%, effective from 13 November 2025. This action reflected the Board's commitment to recognising shareholder concerns and ensuring alignment with shareholder expectations. The Board also undertook an independent review of its size, composition and effectiveness for decision making. Following that review, it was determined that Strike would be best served by a streamlined Board comprising four Non-Executive Directors and a Managing Director, a structure better suited to the Company's current scale and stage of development. The Company has also undergone significant leadership renewal. Mr John Poynton AO and Ms Mary Hackett retired from the Board on 30 June 2026 following many years of valued service and leadership. On behalf of all shareholders, I thank them for their important contributions to Strike's development. Following these changes, I assumed the role of Chair on 1 July 2026. In addition, Ms Shelley Robertson was appointed Managing Director and Chief Executive Officer, effective 1 June 2026. Shelley brings extensive leadership and operational experience, and the Board is confident that under her leadership the Company is well positioned to execute its strategy and realise the value embedded within its portfolio. Refreshing the Remuneration Policy Alongside Board renewal, the Remuneration Committee undertook a comprehensive review of Strike’s remuneration framework. The objective was straightforward: to better align remuneration outcomes with Company performance, shareholder returns and long-term value creation. As a result, the Board approved a refreshed Remuneration Policy that consolidates the principles governing remuneration decisions into a single framework. A particular focus of the review was the design of the Short-Term Incentive Plan (STIP). The revised framework strengthens the connection between reward and performance, increases transparency and enhances executive alignment between executives and shareholders. Key changes include the introduction of deferred equity arrangements for Key Management Personnel, malus and clawback provisions, clearer governance around Board discretion and a more disciplined approach to performance assessment. STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 3 LETTER FROM THE CHAIR Share Price Performance The Board believes Strike's current share price does not reflect the underlying value of the Company's high-quality asset base, strategic infrastructure position and growth opportunities. We recognise that many shareholders have been patient during a prolonged development phase and have yet to see that value reflected in the Company's market valuation. While the market has not fully recognised this value to date, meaningful progress has been made across the business. The continued strong performance of Walyering, progress towards commissioning the South Erregulla Peaking Power Plant and the advancement of West Erregulla are all important milestones in building a stronger and more diversified energy business. Following year end, Strike and Hancock Energy established a collaborative pathway to advance West Erregulla towards development. This approach provides a clear line of sight to Final Investment Decision through a capital-efficient development model and represents an important step towards unlocking the long-term value of this significant asset. Looking ahead, the Board remains focused on creating a strong, cash-generative base business capable of funding future growth while maintaining financial discipline and prudent capital allocation. Optimising Walyering gas production, commissioning and operating the South Erregulla Peaking Power Plant, and progressing West Erregulla towards first production are critical elements of this strategy. I believe the Board renewal and remuneration reforms implemented during the year position Strike well for the future. While realising the full value of the Company's asset base will take time, I am confident the foundations are now in place to deliver sustainable growth and long-term value for shareholders. On behalf of the Board, I thank you for your ongoing support. We encourage you to review the accompanying Notice of Meeting and Explanatory Memorandum and to participate in the Annual General Meeting. Yours sincerely, Neville Power Chair Strike Energy Limited STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 4 Time and Place of Meeting Notice is given that the annual general meeting (Meeting or AGM) of Strike Energy Limited (ACN 078 012 745) (Strike or Company) will be held: Date: Tuesday, 17 November 2026 Time: 11:00am AWST (registrations open from 10am) Venue: The Celtic Club, 48 Ord Street, West Perth, Western Australia Shareholders who are unable to attend the AGM in person and who have access to the internet will be able to participate in the AGM virtually via the AGM platform at https://meetings.lumiconnect.com/300- 367-549-894 When you log onto the AGM platform on the morning of the AGM, you will need to provide your details (including SRN or HIN) to be verified as a shareholder or proxyholder. Following this, you will be given details as to how to vote and ask questions during the AGM; The Explanatory Memorandum accompanying this Notice of Meeting provides additional information on matters to be considered at the AGM. The Important Notes for Shareholders and Explanatory Memorandum, Voting Form and Online Meeting Guide are part of this Notice of Meeting. Business of the Annual General Meeting Further details of each Resolution to be considered at the Meeting are set out in the Explanatory Memorandum. Definitions of capitalised terms used in the Notice of Meeting and Explanatory Memorandum are set out in the Glossary in section 7 of the Explanatory Memorandum. Financial Statements and reports To receive and consider the Financial Statements of the Company and its controlled entities and the reports of the Directors (which incorporates the remuneration report) and the auditor for the year ended 30 June 2026. Resolution 1: To Adopt the Remuneration Report To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: "That the Remuneration Report for the year ended 30 June 2026 as set out in the Directors’ Report of the Annual Report be adopted." *This resolution is advisory only and does not bind the Directors or the Company. Resolution 2: To Re-elect Ms Jillian Hoffmann as Director To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That Ms Jillian Hoffmann, who retires by rotation in accordance with clause 4.7(b) of the Constitution and, being eligible, offers herself for re-election, is elected as a Director.” Resolution 3: Grant of Appointment Performance Rights to Ms Shelley Robertson, Managing Director/CEO (or nominee(s)) To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, the grant to the Managing Director, Ms Shelley Robertson or her nominee(s), of 3,000,000 Performance Rights awarded as a one-off remuneration award in connection with her appointment as Managing Director, as described in and otherwise on the terms and conditions set out in the Explanatory Memorandum, is approved.” STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 5 Resolution 4: Approval of Participation of Shelley Robertson in Short Term Incentive Plan To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, , approval is given for the Company to grant to the Managing Director & Chief Executive Officer, Ms Shelley Robertson, or her nominee, 7,176,555 FY27 Short Term Incentive Performance Rights under the Company’s Employee Share Incentive Plan, for measurement over a one year period from 1 July 2026 to 30 June 2027, to issue or transfer Shares to Ms Robertson on the vesting and exercise of those Performance Rights, as described in and otherwise on the terms and conditions set out in the Explanatory Memorandum.” Resolution 5: Approval of Participation of Shelley Robertson in Long Term Incentive Plan To consider and, if thought fit, to pass, with or without amendment, the following resolution as an ordinary resolution: “That, for the purposes of ASX Listing Rule 10.14 and for all other purposes, approval is given for the Company to grant to the Managing Director & Chief Executive Officer, Ms Shelley Robertson or her nominee, 7,176,555 FY27 Long Term Incentive Performance Rights under the Company’s Employee Share Incentive Plan for measurement over a three year period from 1 July 2026 to 30 June 2029, to issue or transfer Shares to Ms Robertson on the vesting and exercise of those Performance Rights, as described in and otherwise on the terms and conditions set out in the Explanatory Memorandum.” Resolution 6: Conditional Spill Resolution To consider and, if thought fit, to pass the following resolution as an ordinary resolution, but only if at least 25% of the votes validly cast on Resolution 1 are cast against the adoption of the Remuneration Report: “That, subject to and conditional on at least 25% of the votes validly cast on Resolution 1 being cast against the adoption of the Remuneration Report for the year ended 30 June 2026: (a) an extraordinary general meeting of the Company (the Spill Meeting) be held within 90 days of the passing of this resolution; (b) all of the Directors who were directors of the Company when the resolution to make the Directors’ Report considered at the 2026 annual general meeting was passed (other than the Managing Director) and who remain in office at the time of the Spill Meeting, cease to hold office immediately before the end of the Spill Meeting; and (c) resolutions to appoint persons to the offices that will be vacated immediately before the end of the Spill Meeting be put to a vote at the Spill Meeting.” STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 6 Voting Prohibition Statement Resolution Disregard any votes cast in favour by or on behalf of: Resolution 1 & 6 In accordance with sections 250BD and 250R of the Corporations Act, a vote on this Resolution must not be cast (in any capacity) by, or on behalf of, a member of the Key Management Personnel whose remuneration details are included in the Remuneration Report, or a Closely Related Party of such member. However, a vote may be cast by such person if: (a) the person is acting as a proxy and the Proxy Form specifies how the proxy is to vote, and the vote is not cast on behalf of a person who is otherwise excluded from voting on this Resolution as described above; or (b) the person is the Chair voting an undirected proxy which expressly authorises the Chair to vote on a resolution connected with the remuneration of a member of the Key Management Personnel. Resolution 3, 4, 5 In accordance with sections 250BD of the Corporations Act, a person appointed as a proxy must not vote, on the basis of that appointment, on this Resolution if: (a) the proxy is either a member of the Key Management Personnel or a Closely Related Party of such member; and (b) the appointment does not specify the way the proxy is to vote on this Resolution. However, the above prohibition does not apply if: (a) the proxy is the Chair; and (b) the appointment expressly authorises the Chair to exercise the proxy even though this Resolution is connected directly or indirectly with remuneration of a member of the Key Management Personnel. If you purport to cast a vote other than as permitted below, that vote will be disregarded by the Company (as indicated below), and you may be liable for breaching the voting restrictions that apply to you under the Corporations Act. Voting Exclusion Statement Pursuant to the Listing Rules, the Company will disregard any votes cast in favour of the relevant Resolution by or on behalf of the following persons: Resolution Disregard any votes cast in favour by or on behalf of: Resolution 3, 4, 5 The Company will disregard any votes cast in favour of Resolutions 4, 5 and 6 by or on behalf of Neville Power, Stephen Bizzell, Jillian Hoffmann, William Barker and Shelley Robertson (each being a Director and eligible to participate in the Company’s Employee Share Incentive Plan), and any other person referred to in Listing Rule 10.14.1, 10.14.2 or 10.14.3, or any person who is eligible to participate in the Company’s Employee Share Incentive Plan, and any of their respective associates. The above voting exclusions do not apply to a vote cast in favour of the Resolution by: (a) a person as a proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with directions given to the proxy or attorney to vote on the Resolution in that way; (b) the Chair of the meeting as proxy or attorney for a person who is entitled to vote on the Resolution, in accordance with a direction given to the Chair to vote on the Resolution as the Chair decides; or (c) a holder acting solely in a nominee, trustee, custodial or other fiduciary capacity on behalf of a beneficiary provided the following conditions are met: (i) the beneficiary provides written confirmation to the holder that the beneficiary is not excluded from voting, and is not an associate of a person excluded from voting, on the Resolution; and (ii) the holder votes on the Resolution in accordance with directions given by the beneficiary to the holder to vote in that way By order of the Board Michaela Stanton-Cook Company Secretary Strike Energy Limited 16 October 2026 STRIKE ENERGY LTD NOTICE OF ANNUAL GENERAL MEETING 2026 7 Important Notes for Shareholders The Explanatory Memorandum forms part of the Notice of Meeting. Explanatory Memorandum The accompanying Explanatory Memorandum forms part of this Notice of Meeting and should be read in conjunction with it. section 7 of the Explanatory Memorandum contains definitions of capitalised terms used in this Notice of Meeting and the Explanatory Memorandum. Required majorities All Resolutions are ordinary resolutions. The passing of an ordinary resolution requires a simple majority of votes cast by Shareholders present (in person, by proxy or by representative) and entitled to vote on the Resolution. Resolution 6 will only be put to the Meeting if at least 25% of the votes validly cast on Resolution 1 are cast against the adoption of the Remuneration Report. Voting on all proposed Resolutions at the Meeting will be conducted by poll (by way of direct voting utilising the online meeting platform provided by our share registry Boardroom). How to vote You may vote by attending the Meeting virtually, in person or by proxy, attorney or authorised representative through an online platform provided by our share registrar, Boardroom Pty Ltd, which can be accessed at https://meetings.lumiconnect.com/, Meeting ID: 300-367-549-894. If voting in person, you may attend the Meeting at its physical location set out on the first page of this notice, but all voting will be conducted virtually. You must attend the Meeting virtually on the date and at the time set out in the Notice of Meeting. Information on how to attend the Meeting virtually is set out in the Notice of Meeting and is available on our website at www.strikeenergy.com.au/meetings. You may cast direct online votes prior to the meeting, without needing to attend the meeting or appoint a proxy. Direct online votes can be lodged at https://meetings.lumiconnect.com/300- 367-549-894. Direct votes cast by Shareholders will be counted on a poll. A Shareholder who has cast a direct vote may attend the Meeting and vote online, but their online vote will cancel the direct vote lodged prior to the Meeting, unless the Shareholder instructs the Company’s share registrar otherwise. Proxies A Shareholder who is entitled to attend and vote at the Meeting has the right to appoint a proxy to attend and vote for them. A proxy may be, but need not be, a Shareholder and can be an individual or body corporate. Shareholders holding two or more Shares can appoint either one or two proxies. If two proxies are appointed, the appointing Shareholder can specify what proportion of their votes they want each proxy to exercise. If the Shareholder appoints two proxies and the appointment does not specify the proportion, each proxy may exercise half of the votes. To vote by proxy, please complete the proxy form enclosed with this Notice of Meeting as soon as possible and either: (a) send the proxy form by fax to the Company's share registry, Boardroom Pty Limited on +61 2 9290 9655; or (b) deliver or post the proxy form to the Company's share registry, Boardroom Pty Limited, at GPO Box 3993, Sydney, New South Wales, 2001, Australia or Level 8, 210 George Street, Sydney, New South Wales, 2000. To vote by proxy online, visit https://www.votingonline.com.au/stxagm2026. To be effective, a completed proxy form must be received by no later than 11:00am (AWST) on Sunday, 15 November 2026, being not less than 48 hours prior to the commencement of the Meeting. Proxy forms received later than this time will be invalid. Where the proxy form is executed under power of attorney, the power of attorney (or a certified copy of the authority) must be lodged in the same way as the proxy form. Corporate representatives A body corporate may appoint an individual as its representative to attend and vote at the Meeting and exercise any other powers the body corporate can exercise at the Meeting. The appointment, which must comply with section 250D of the Corporations Act, may be a standing one. The representative should bring to the Meeting evidence of his or her appointment, including any authority under which the appointment is signed, unless it has previously been given to the Company. Voting entitlements The Directors have determined that, for the purpose of voting at the Meeting, Shareholders are those persons who are the registered holders of the Company’s Shares at 5:00pm (AWST) on Sunday, 15 November 2026. 8 EXPLANATORY MEMORANDUM 1. INTRODUCTION 1.1 Purpose This Explanatory Memorandum has been prepared for the information of Shareholders in relation to the business to be conducted at the Meeting. This Explanatory Memorandum should be read in full and in conjunction with the Notice of Meeting. Capitalised terms in this Explanatory Memorandum are defined in the Glossary in section 7 of this Explanatory Memorandum. You should consult with your professional advisers if you have any questions in relation to how to vote on theResolutions. A Proxy Form is located at the end of the Explanatory Memorandum. All Resolutions to be considered at the Meeting will be decided by poll. 1.2 Resolutions and recommendations There are six Resolutions to be considered at the Meeting. Resolution 6 (the conditional spill resolution) will only be put to the Meeting if at least 25% of the votes validly cast on Resolution 1 are cast against the adoption of the Remuneration Report. Certain voting exclusions and prohibitions are imposed by the Corporations Act and the ASX Listing Rules in relation to the Resolutions as detailed in the accompanying Notice of Meeting. Subject to any voting exclusions, the Directors intend to vote in favour of each Resolution and recommend that Shareholders vote in favour of each Resolution (with the exception of Resolution 6 which the Directors intend to vote against, and recommend that Shareholders vote against, for the reasons outlined in section 6.2 of this Explanatory Memorandum). 2. Financial Report, Directors’ Report and Auditor’s Report The Corporations Act requires: (a) the reports of the Directors and the auditor; and (b) the annual report, including the financial statements of the Company for the year ended 30 June 2026, to be laid before the Meeting. Neither the Corporations Act nor the Constitution requires a vote of Shareholders on the reports or statements. However, Shareholders will be given an opportunity to raise questions or comments on the management of the Company. Also, a reasonable opportunity will be given to Shareholders (as a whole) at the Meeting to ask the Company’s auditor questions relevant to the conduct of the audit, the preparation and content of the auditor’s report, the accounting policies adopted by the Company in relation to the preparation of the financial statements and the independence of the auditor in relation to the conduct of the audit. 3. RESOLUTION 1: TO ADOPT THE REMUNERATION REPORT A resolution for adoption of the Remuneration Report is required to be considered and voted on in accordance with section 250R(2) of the Corporations Act. The Remuneration Report forms part of the Directors' Report included in the Annual Report. The Remuneration Report: (a) explains the Board's policy for determining the nature and amount of remuneration of the Key Management Personnel; (b) explains the relationship between the Board's remuneration policy and the Company's performance; (c) sets out remuneration details for each of the Key Management Personnel; and 9 (d) details and explains any performance conditions applicable to the remuneration of the Key Management Personnel. Section 250R(3) of the Corporations Act provides that Resolution 1 is advisory only and does not bind the Directors or the Company itself. A failure of Shareholders to pass Resolution 1 will not require the Directors to alter any of the arrangements in the Remuneration Report. However, under sections 250U and 250V of the Corporations Act, where a resolution on the Remuneration Report receives a “no” vote of 25% or more at two consecutive annual general meetings, the Company will be required to put to Shareholders at the second annual general meeting a resolution on whether another meeting should be held (within 90 days) at which all Directors (other than the Managing Director who, under the Listing Rules may continue to hold office indefinitely without being re-elected) will cease to hold office, but be eligible for election, and an election of Directors will take place. At the Company’s 2025 Annual General Meeting held on 13 November 2025, the resolution to adopt the Remuneration Report for the year ended 30 June 2026 received a “no” vote of 39.64% of the votes cast on the poll. As this exceeded 25%, it constituted a first “strike” under section 250U of the Corporations Act. Accordingly, if the resolution to adopt the Remuneration Report the subject of Resolution 1 receives a “no” vote of 25% or more of the votes validly cast at this Meeting (a second “strike”), the conditional spill resolution (Resolution 6) will be put to the Meeting. Further details are set out in section 6 of this Explanatory Memorandum. A reasonable opportunity will be provided for discussion of the Remuneration Report at the Meeting. While a vote on the adoption of the Remuneration Report resolution is advisory only and does not bind the Directors or the Company, the Board will take the outcome of the vote into consideration when reviewing the remuneration practices and policies of the Company. Important Notice If you choose to appoint a proxy, you are encouraged to direct your proxy how to vote on Resolution 1 by marking either "For", "Against" or "Abstain" on the Proxy Form. If the Chair is appointed as your proxy and you have not specified the way the Chair is to vote on Resolution 1, by signing and returning the proxy form, the Shareholder is deemed to have provided the Chair with an express authorisation for the Chair to vote the proxy in accordance with the Chair’s intention, even though the resolution is connected directly or indirectly with the remuneration of a member of the Key Management Personnel. The Chair intends to exercise all undirected proxies in favour of Resolution 1, subject to being authorised to do so. 4. RESOLUTION 2: TO RE-ELECT MS JILLIAN HOFFMANN AS DIRECTOR 4.1 Background Clause 4.6 of the Constitution and ASX Listing Rule 14.4 both provide that no director (other than the Managing Director) may hold office without re-election past the third annual general meeting following the director’s election or last re-election or for a continuous period of more than three (3) years, whichever is longer. Ms Hoffmann was appointed as a Director on 1 May 2023 and was subsequently elected by Shareholders at the Company's 2023 Annual General Meeting. Accordingly, Ms Hoffmann retires in accordance with the Constitution and ASX Listing Rule 14.4 and, being eligible, offers herself for re-election. Ms Hoffmann has more than 30 years' experience in the energy industry, including 12 years in senior executive positions at Woodside Energy. Her experience spans the energy value chain, including marketing and trading, commercial operations and large-scale capital-intensive projects. At Woodside, she held several senior executive roles, including Senior Vice President positions in marketing and trading, and led the development and implementation of renewable energy, environmental and cultural heritage protection strategies. Earlier in her career, Ms Hoffmann held positions at Chevron and Worley. Ms H