AMA GROUP LIMITED — Capital/Financing Update 2023

Sep 26, 2023

Not for release to US wire services or distribution in the United States

ASX Announcement

27 September 2023

AMA Group announces successful retail entitlement offer

AMA Group Limited (ASX:AMA) (“ AMA Group” , the “ Group” ) is pleased to announce the completion of the retail component of its 1 for 2.15 accelerated non-renounceable entitlement offer (“ Entitlement Offer ”) of new shares in AMA Group (“ New Shares ”), details of which were announced to the ASX on Thursday, 7 September 2023.

The retail component of the Entitlement Offer (“ Retail Entitlement Offer ”) closed at 5.00pm (Sydney time) on Monday, 25 September 2023 and raised a total of approximately $15.8m. The total amount raised under the placement and Entitlement Offer is approximately $55.0m.

The Retail Entitlement Offer received a total of 79 valid applications for retail entitlements which included over subscriptions up to 200% of an eligible shareholder’s entitlement. Approved valid applications were received for approximately 4.0 million New Shares equating to approximately $0.3m.

The approximately 207.2 million New Shares that were not taken up by eligible retail shareholders under the Retail Entitlement Offer will be allotted to sub-underwriters of the Retail Entitlement Offer.

Approximately 211.2 million New Shares to be issued under the Retail Entitlement Offer are expected to be allotted on Monday, 2 October 2023 and will trade on the ASX on a normal settlement basis on Tuesday, 3 October 2023. New Shares issued under the Retail Entitlement Offer will rank equally with existing AMA Group shares as at their date of issue. Holding statements are expected to be despatched on or around Wednesday, 4 October 2023.

Eligible retail shareholders should confirm the actual number of New Shares allocated and issued to them before trading in New Shares and the sale by any eligible retail shareholder of New Shares prior to receiving their holding statement is at their own risk.

Further Information

Further details of the market update and the Equity Raising are set out in the FY23 Results Presentation which has also been provided to the ASX yesterday, 7 September 2023. The FY23 Results Presentation contains important information including key risks and foreign selling restrictions with respect to the Equity Raising.

Nothing in this announcement constitutes investment, legal, tax or other advice. You should seek appropriate professional advice before making any investment decision. All dollar amounts are in Australian dollars unless otherwise indicated.

This announcement has been authorised by the Board of AMA Group Limited.

ENDS.

AMA Group Limited Level 13, 484 St Kilda Road, Melbourne, VIC 3004 ABN 50 113 883 560 +61 3 7066 5022 info@amagroupltd.com amagroupltd.com

Investors and Media:

Alexandra Holston, Director Investor Relations and Corporate Affairs

E: alexandra.holston@amagroupltd.com M: +61 418 312 837

IMPORTANT NOTICE

Not an offer in the United States

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

FORWARD-LOOKING STATEMENTS

This announcement contains certain “forward-looking statements”. The words “expect”, “anticipate”, “estimate”, “intend”, “believe”, “guidance”, “should”, “could”, “may”, “will”, “predict”, “plan” and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance are also forward-looking statements. Forward-looking statements, opinions and estimates provided in this announcement are based on assumptions and contingencies that are subject to change without notice and involve known and unknown risks and uncertainties and other factors that are beyond the control of AMA Group, its directors and management. This includes statements about market and industry trends, which are based on interpretations of current market conditions.

Investors are strongly cautioned not to place undue reliance on forward-looking statements, particularly in light of the current economic climate and the significant volatility, uncertainty and disruption caused by the outbreak of COVID-19. Forward-looking statements are provided as a general guide only and should not be relied upon as an indication or guarantee of future performance. Actual results, performance or achievements may differ materially from those expressed or implied in such statements and any projections and assumptions on which these statements are based. These statements may assume the success of AMA Group’s business strategies. The success of any of those strategies will be realised in the period for which the forwardlooking statement may have been prepared or otherwise. Readers are cautioned not to place undue reliance on forward-looking statements and except as required by law or regulation, none of AMA Group, its representatives or advisers assumes any obligation to update these forward-looking statements. No representation or warranty, express or implied, is made as to the accuracy, likelihood of achievement or reasonableness of any forecasts, prospects, returns or statements in relation to future matters contained in this announcement. The forward-looking statements are based on information available to AMA Group as at the date of this announcement. Except as required by law or regulation (including the ASX Listing Rules), none of AMA Group, its representatives or advisers undertakes any obligation to provide any additional or updated information whether as a result of a change in expectations or assumptions, new information, future events or results or otherwise. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements.

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