ATTURRA LIMITED — M&A Activity 2022

Aug 4, 2022

Atturra Limited ABN 34 654 662 638

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ASX Announcement 5 August 2022

All cash offer to Acquire MOQ Limited increased to $0.06 per MOQ Share

Sydney, 5 August 2022 – Atturra Limited (ASX: ATA) ( Atturra ), a leading technology services business in designing, implementing, and maintaining IT solutions, advises that its wholly owned subsidiary, Atturra Holdings Pty Limited ( Atturra Holdings ), has increased the scheme consideration announced to the ASX on the 30 June 2022 from an all cash offer of $0.05 per MOQ share to an all cash offer of $0.06 per MOQ share, representing an increase in the value of the offer by 20%.

This increase is made under the matching right provision in accordance with clause 11.4(a) of the Scheme Implementation Deed dated 30 June 2022 between Atturra Holdings and MOQ Limited, in response to an MOQ Competing Proposal made by third-party bidder of $0.06 per MOQ share.

Atturra believes its offer is superior in that it provides a more certain outcome for MOQ shareholders. Atturra also believes its offer is a better fit for MOQ employees, with plans for Atturra to substantially invest into the business of MOQ to focus on sustainable growth and a return to profitability and stabilisation.

The MOQ Directors (who collectively hold or control approximately 34.1% of the MOQ shares on issue as at the date of this announcement) have carefully considered Atturra's revised offer and unanimously recommend that MOQ shareholders vote in favour of the scheme as amended by the revised offer ( Revised Scheme ) in the absence of a Superior Proposal (as that term is defined in the SID) and provided that the Independent Expert concludes (and continues to conclude) that the Revised Scheme is in the best interests of MOQ shareholders. Subject to those same qualifications, each Director of MOQ intends to vote all MOQ shares they hold or control in favour of the Revised Scheme.

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This announcement has been authorised for release by the Board of Atturra Limited.

About Atturra:

Atturra is an ASX-listed technology business providing a range of enterprise advisory, consulting, IT services and solutions with a focus on local government, utilities, education, defence, federal government, financial services, and manufacturing industries. Atturra has partnerships with leading global providers including Microsoft, Boomi, Software AG, OpenText, Smartsheet, QAD, Infor and Solace and its clients are some of the largest public and private-sector organisations in Australia. For more information visit: www.atturra.com

Contacts:

Investors Stephen Kowal CEO Atturra M: +61 2 8241 1725 E: stephen.kowal@atturra.com