ADISYN LTD — Major Shareholding Notification 2025

Jan 23, 2025

603 Page 1 of 3 15 July 2001

Form 603

Corporations Act 2001

Section 671B

Notice of initial substantial holder

To Company Name/Scheme

Adisyn Ltd

ACN/ARSN 155 473 304

1. Details of substantial holder (1)

Name Senvest Management, LLC and its advisory clients as detailed below

ACN/ARSN (if applicable)

The holder became a substantial holder on 09 / 01 / 2025

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4)	Number of securities	Person's votes (5)	Voting power (6)
Fully paid ordinaryshares(ORD)	32,880,935 ORD	32,880,935	5.33%

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest	Nature of relevant interest (7)	Class and number of securities
	Power to control the exercise of
Senvest Technology PartnersMaster Fund, LP	a right to vote attached tosecurities and/or the power to	24,660,701
	dispose of the securities
	Power to control the exercise of
Senvest Technology (KY), LP	a right to vote attached tosecurities and/or the power to	8,220,234
	dispose of the securities

4. Details of present registered holders

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

Holder of relevant	Registered holder of	Person entitled to be	Class and number of securities
interest	securities	registered asholder(8)
Senvest Technology	Senvest Technology	Senvest Technology
Partners Master	Partners Master	Partners Master	24,660,701
Fund, LP	Fund, LP	Fund, LP
Senvest Technology(KY), LP	Senvest Technology(KY), LP	Senvest Technology(KY), LP	8,220,234

5. Consideration

The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

Holder of relevant	Date of acquisition	Consideration (9)	Consideration (9)		Class and number of securities
interest
		Cash		Non-cash

603 Page 2 of 3 15 July 2001

			Shares
			issued
Senvest TechnologyPartners MasterFund, LP	09/01/2025	-	pursuantto 2DGShareSale and	24,660,701
			Purchase
			Agreement
			Shares
			issued
			pursuant
Senvest Technology(KY), LP	09/01/2025	-	to 2DGShare	8,220,234
			Sale and
			Purchase
			Agreement

6. Associates

The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable)	Nature of association
Senvest TechnologyPartners Master Fund, LP	Pooled investmet vehicle of Senvest Management LLC
Senvest Technology (KY),LP	Pooled investmet vehicle of Senvest Management LLC

7. Addresses

The addresses of persons named in this form are as follows:

Name	Address
Senvest TechnologyPartners Master Fund, LP	Senvest Technology Partners Master Fund, LPC/O Senvest Management LLC540 Madison Avenue, 32nd Floor, New York, NY 10022
Senvest Technology (KY),LP	Senvest Technology (KY), LPC/O Senvest Management LLC540 Madison Avenue, 32nd Floor, New York, NY 10022

Signature

print name	Bobby Trahanas	capacity	Chief Compliance Officer
sign here		date	/ / January 21, 2025

DIRECTIONS

• (1) If there are a number of substantial holders with similar or related relevant interests (eg. a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the form. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the form as a specifically named group if the membership of each group, with the names and addresses of members is clearly set out in paragraph 7 of the form.

• (2) See the definition of "associate" in section 9 of the Corporations Act 2001.

• (3) See the definition of "relevant interest" in sections 608 and 671B(7) of the Corporations Act 2001.

• (4) The voting shares of a company constitute one class unless divided into separate classes.

• (5) The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant interest in.

• (6) The person's votes divided by the total votes in the body corporate or scheme multiplied by 100.

• (7) Include details of:

  • (a) any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 671B(4) applies, a copy of any document setting out the terms of any relevant agreement, and a statement by the person giving full and accurate details of any

603 Page 3 of 3 15 July 2001

contract, scheme or arrangement, must accompany this form, together with a written statement certifying this contract, scheme or arrangement; and

• (b) any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, the voting powers or disposal of the securities to which the relevant interest relates (indicating clearly the particular securities to which the qualification applies).

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

• (8) If the substantial holder is unable to determine the identity of the person ( eg. if the relevant interest arises because of an option) write "unknown".

• (9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition. Details must be included even if the benefit is conditional on the happening or not of a contingency. Details must be included of any benefit paid on behalf of the substantial holder or its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired.