Announcement PDF BPH Global Ltd | ASX: BP8 | Date: 6 May 2026 BPH Global Ltd | www.bphglobal.com BPH Global Executes Binding MoU with ITBM to Progress Commercial Development of Makassar Coastal Site HIGHLIGHTS • BPH Global’s Indonesian subsidiary, PT BPH Global Indonesia, has executed a binding Memorandum of Understanding (MoU) with the Maritime Institute of Technology and Business (ITBM) Balik Diwa Makassar. • The MoU establishes a cooperation framework to explore commercial collaboration opportunities, including potential project-level participation, investment and joint development activities. • The collaboration is intended to support the development and operation of the Company’s coastal seaweed cultivation site in Takalar Regency, South Sulawesi. • Student engagement will form the initial operational foundation, with ITBM students expected to support cultivation, processing and R&D activities at the site under supervision of the Company’s Chief Scientific Officer. • The MoU functions as a general framework agreement, with specific commercial arrangements to be governed by separate implementing agreements. • The MoU has a term of four (4) years from execution. The Board of BPH Global Ltd (ASX: BP8) (BP8, BPH Global or Company) a leading commercial seaweed supply and export Company, is pleased to advise that its Indonesian operating subsidiary, PT BPH Global Indonesia, has executed a binding Memorandum of Understanding (MoU) with the Maritime Institute of Technology and Business (ITBM) Balik Diwa Makassar. The MoU establishes a general cooperation framework under which the parties will collaborate across education, research, development, innovation and operational activities, including human resource development, internships, training and applied research programs. The collaboration is intended to support the development, utilisation and industrial down streaming of R&D outputs, including work on emerging seaweed species such as Ulva lactuca and Caulerpa species. BPH Global Ltd | ASX: BP8 | Date: 6 May 2026 BPH Global Ltd | www.bphglobal.com The MoU operates as a non-exclusive, overarching framework agreement, with ITBM acting as an academic, operational and potential strategic partner. Each specific activity, project or commercial engagement—including any investment, joint development or operational arrangements—will be subject to separate implementing agreements, which will define scope, funding, responsibilities and timelines. Managing Director of BPH Global Ltd, Matthew Leonard, commented: “This Memorandum of Understanding with ITBM represents an important step in the development of our Takalar coastal site, with student engagement expected to form the initial foundation of our on-site operating model. The integration of ITBM students across cultivation, processing and research activities—under the supervision of our newly appointed Chief Scientific Officer [ASX: BP8 Announcement 27.03.2026]—provides a scalable, locally aligned workforce while embedding research capability directly within our operations. Importantly, the MoU also establishes a framework to explore broader commercial collaboration opportunities with ITBM, including potential participation in project development and site expansion.” Strategic Context – Supporting Development of Takalar Coastal Site The MoU is intended to support the commercial development and operation of the Company’s recently secured coastal site in Takalar Regency, located approximately 40–50 km south of Makassar. As previously announced [ASX: BP8 Announcement 22.04.2026], the site comprises approximately 3.4 hectares and is being developed as an integrated seaweed cultivation and processing hub, supporting: • Sea grape (Caulerpa) cultivation • Multi-species seaweed tank cultivation (including Ulva spp.) • Processing, drying and handling infrastructure • Downstream applications across food, nutraceutical and agricultural inputs. Strategic and Rationale and Operational Model This MoU enhances the Company’s ability to: • Progress commercial development of its Takalar coastal asset; • Establish a scalable, student-supported operating model; • Introduce potential local project partners and co-investment pathways; • Strengthen its operational execution capability in Indonesia; • Integrate research, workforce and commercial development activities; and • Support long-term downstream product and value-added strategy BPH Global Ltd | ASX: BP8 | Date: 6 May 2026 BPH Global Ltd | www.bphglobal.com Initial engagement with ITBM will be implemented through structured student participation pursuant to a specific engagement agreement. ITBM students will be expected to: • Undertake internships, training and applied research placements • Support day-to-day site operations, including: o Maintenance of aquaculture ponds and tank systems o Seaweed cultivation and harvesting activities o Processing and handling operations • Participate in research and development activities, under supervision of the Company’s Chief Scientific Officer Key Terms • Parties: PT BPH Global Indonesia and ITBM Balik Diwa Makassar. • Term: 4 years from execution. • Implementation: Subject to separate agreements. • Funding: To be agreed on a project-by-project basis. • Intellectual Property: Owned by PT BPH Global Indonesia. • Governance: Subject to Indonesian law and periodic evaluation. The Company will continue to update the market as specific project agreements and commercial activities are progressed under the MoU framework. – ENDS – Authorised for release by: The Board of BPH Global Ltd Paul Stephenson Media and Investor Relations Chairman Peter Taylor BPH Global Ltd peter@nwrcommunications.com.au bphglobal.com.au