ACROW LIMITED — Capital/Financing Update 2018

Mar 25, 2018

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ASX Release

26 March 2018

Completion of Capital Raising

The Board of NMG Corporation Limited (which has now changed its name to “Acrow Formwork and Construction Services Limited”) is pleased to advise that the Public Offer and Invitation Offer under the Prospectus dated 26 February 2018 have successfully closed, raising $27.2m (before costs) via the issue of:

• 98,000,000 new shares under the Public Offer at an issue price of 20 cents per share; and

• 38,000,000 new shares under the Invitation Offer at an issue price of 20 cents per share.

The Board extends its warm welcome to the new shareholders of the Company.

Separately, the Conversion Offer has also successfully closed, resulting in the issue of 6,316,122 shares at a deemed issue price of 20 cents per share.

The Incentive Securities Offer will close tomorrow.

Following completion of the capital raising, the parties are working towards completion of the Proposed Transaction, which will result in the Company acquiring 100% of the issued capital of Acrow Holdings Pty Limited.

Contact for further information

For further information please contact:

Andrew Whitten Company Secretary +61 2 8072 1400