Yancoal Australia Ltd announced the cessation of 415,598 unlisted performance share rights (PSRs) issued under its 2023 and 2024 Short-Term Incentive Plans (STIP). The move was disclosed to the Australian Securities Exchange on 2 April 2026 under Appendix 3H.

The discontinued securities comprise: • 193,676 YALAC PSRs (STIP 2023), and • 221,922 YALAD PSRs (STIP 2024).

All 415,598 rights vested on 1 March 2026 and were cash-settled on 17 March 2026 at AUD 7.97794 per right, calculated using Yancoal’s volume-weighted average price (VWAP) on 16 March 2026. Total consideration paid amounted to approximately AUD 3.32 million, split between AUD 1.55 million for the 2023 tranche and AUD 1.77 million for the 2024 tranche.

Post-transaction, Yancoal’s capital structure is as follows: • Quoted securities: 1.32 billion fully paid ordinary shares (ASX: YAL). • Unquoted PSRs outstanding: 4.08 million across six incentive plan tranches, including 34,837 YALAC (STIP 2023), 513,717 YALAD (STIP 2024) and 3.54 million under various Long-Term Incentive Plan (LTIP) series.

The settlement aligns with Yancoal’s established remuneration framework, converting vested short-term incentive rights into cash or equity based on defined plan rules and market pricing.