Announcement PDF HM1 AGM Results 26 November 2025 Hearts and Minds Investments Limited ACN 628 753 220 A: 12.04A, Chifley Tower, 2 Chifley Square, Sydney NSW 2000. | W: HM1.com.au | E: ir@hm1.com.au | P: 1300 737 760 or +61 2 9290 9600 Wednesday 26 November 2025 The Manager ASX Market Announcements ASX Limited Exchange Centre Level 27, 39 Martin Place Sydney NSW 2000 Dear Shareholders, Results of 2025 Annual General Meeting In accordance with Listing Rule 3.13.2, Hearts and Minds Investments Limited (ASX: HM1) advises the results of its 2025 Annual General Meeting. All resolutions were carried on a poll. Details of the resolutions, the proxies received, and the votes cast on the poll in respect of each resolution are set out in the attached results. The Board notes the first strike against the Remuneration Report. This is largely the result of a negative vote from one US based activist shareholder. Whilst the Board takes its obligations seriously, we find the activist protest vote as somewhat surprising given the following: • All of the Non-Executive Directors of HM1 provide their services on a pro-bono basis. The Prospectus states that “the maximum remuneration payable to Non-Executive Directors shall be set at zero”. • The majority of our small team of highly skilled executives work on a part time basis for HM1 on terms that are materially below their market value. • There are no outstanding executive options and never have been any executive options in HM1. -ENDS- This announcement was authorised for release by the Managing Director. The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2. Resolution Result If s250U applies Resolution Resolution Type For Against Proxy's Discretion Abstain For Against Abstain* Carried / Not Carried 37,924,282 20,320,679 2,515,599 592,864 40,480,316 20,320,679 592,864 62.42% 33.44% 4.14% 66.58% 33.42% 40,665,208 20,385,436 2,594,407 121,575 43,300,050 20,385,436 121,575 63.89% 32.03% 4.08% 67.99% 32.01% 40,795,404 20,274,600 2,616,907 79,715 43,452,746 20,274,600 79,715 64.06% 31.83% 4.11% 68.19% 31.81% 40,699,084 20,286,820 2,641,907 138,815 43,381,426 20,286,820 138,815 63.98% 31.88% 4.15% 68.14% 31.86% 40,953,030 20,139,043 2,616,907 57,646 43,610,372 20,139,043 57,646 64.28% 31.61% 4.11% 68.41% 31.59% * Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll. Carried NA 5. Election of Director – Mr Richard Howes Ordinary Carried NA 3. Re-election of Director – Ms Lorraine Berends Ordinary Carried NA 4. Re-election of Director –Mr David Wright Ordinary 1. Adoption of the Remuneration Report Ordinary Carried NO 2. Re-election of Director – Mr Gary Weiss Ordinary Carried NA Hearts and Minds Investments Limited Annual General Meeting Wednesday, 26 November 2025 Results of Meeting Resolution details Instructions given to validly appointed proxies (as at proxy close) Number of votes cast on the poll (where applicable)