AMOTIV LIMITED — Capital/Financing Update 2021

Nov 30, 2021

GUD Holdings Limited A.B.N. 99 004 400 891

t4UJ,

29 Taras Avenue, Altona North, Vic 3025 Australia.

PO Box 62 Sunshine, Vic 3020 Australia.

1 December 2021

Telephone: +61 3 9243 3311 Facsimile: +61 3 9243 3300 Email: gudhold@gud.com.au Internet: www.gud.com.au

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

GUD HOLDINGS SUCCESSFULLY COMPLETES THE INSTITUTIONAL ENTITLEMENT OFFER AND PLACEMENT

GUO Holdings Limited (ASX: GUO) ("GUD" or the "Group") is pleased to announce the successful completion of its fully underwritten institutional placement ("Placement") and the accelerated institutional component ("Institutional Entitlement Offer") of its 1 for 3.46 pro rata accelerated non­renounceable entitlement offer ("Entitlement Offer") of new fully paid GUO ordinary shares ("New Shares") announced on 30 November 2021 (the Placement and Entitlement Offer collectively, the "Offer").

KEY HIGHLIGHTS

• Completion of the Placement raised gross proceeds of approximately $120 million

• Completion of the Institutional Entitlement Offer raised gross proceeds of approximately $170 million

• Strong support shown by both existing and new institutional shareholders

• Retail offer component of the Entitlement Offer ("Retail Entitlement Offer") opens on Monday, 6 December 2021

The Placement and the Institutional Entitlement Offer attracted strong support from both existing and new institutional shareholders, together raising approximately $290 million at an offer price of $10.40 per New Share ("Offer Price") representing:

• 10.0% discount to TERP[1 ]

• 13.5% discount to last close of $12.03 as at Monday, 29 November 2021.

Under the Placement, GUO has agreed to issue approximately 11.5 million New Shares at the Offer Price to raise approximately $120 million. No shareholder approval is required for the Placement, as GUO will utilise available placement capacity under Listing Rule 7.1. GUO has been granted a waiver from ASX Listing Rule 7.1 to enable it to use expanded placement capacity by reference to the New Shares to be issued under the fully underwritten Entitlement Offer.

1 Theoretical ex-rights price ("TERP") includes shares issued under the Placement, Institutional Entitlement Offer and the Retail Entitlement Offer. TERP is a theoretical calculation only and the actual price at which GUD shares trade immediately following the ex-date for the Entitlement Offer may be different from TERP.