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ASSOCIATE GLOBAL PARTNERS LIMITED Capital/Financing Update 2025

Nov 17, 2025

64401_rns_2025-11-17_6ae74df5-e94d-43ea-9aaa-b4d362ec1da5.pdf

Capital/Financing Update

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ASX Announcement 18 November 2025

Update on Strategic Initiatives

Associate Global Partners Limited ( the Company ) ( ASX:APL ) is pleased to announce it has signed a Memorandum of Understanding ( MoU ) with Muzinich & Co. ( Muzinich ), a leading global credit manager, to progress the launch of a global private credit fund designed to offer daily liquidity to investors.

The proposed arrangement remains subject to the execution of an Investment Management Agreement ( IMA ) between the Company and Muzinich.

Further details of the proposed arrangement are expected to be released by the end of the current quarter.

Mark Licciardo Company Secretary

This announcement has been approved by the board of APL.

Associate Global Partners Limited AGP Investment Management Limited ABN 56 080 277 998 ABN 26 123 611 978 T 1300 052 054 AFSL 312 247 W associateglobal.com Level 12, 2 Chifley Square, Sydney NSW 2000 Level 12, 2 Chifley Square, Sydney NSW 2000 E [email protected]