APPEN LIMITED — Capital/Financing Update 2023

Apr 4, 2023

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ASX Announcement

5 April 2023

Appen completes debt facility extension agreement

Appen Limited (ASX: APX) today announced the successful completion of the extension agreement for its debt facility of A$20 million in line with its FY22 results announcement on 27 February 2023. The facility expires on 3 January 2024.

As announced with its FY22 results, Appen plans to proceed with a full debt refinance in the second half of FY23 to ensure it has an appropriate debt structure to support the current and future needs of the business.

Authorised for release by Mr Armughan Ahmad, Chief Executive Officer, President and Managing Director.

For further information, please contact:

Rosalie Duff Head of Investor Relations +61 421 611 932 rduff@appen.com

About Appen

Appen is the global leader in data for the AI Lifecycle. With over 25 years of experience in data sourcing, data annotation, and model evaluation by humans, we enable organisations to launch the world’s most innovative artificial intelligence systems.

Our expertise includes a global crowd of more than 1 million skilled contractors who speak over 235 languages, in over 70,000 locations and 170 countries, and the industry’s most advanced AI-assisted data annotation platform. Our products and services give leaders in technology, automotive, financial services, retail, healthcare, and governments the confidence to launch world-class AI products.

Founded in 1996, Appen has customers and offices globally.

Appen Limited, 9 Help Street, Chatswood, NSW 2067, Australia – ACN 138 878 298