AUSSIE BROADBAND LIMITED — Capital/Financing Update 2024

Feb 14, 2024

Appendix 3B - Proposed issue of securities

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Announcement Summary

Entity name

AUSSIE BROADBAND LIMITED

Announcement Type

New announcement

Date of this announcement

15/2/2024

The Proposed issue is:

A placement or other type of issue

Total number of +securities proposed to be issued for a placement or other type of issue

		Maximum Number of
ASX +security code	+Security description	+securities to be issued
ABB	ORDINARY FULLY PAID	16,533,733
Proposed +issue date
28/2/2024

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

AUSSIE BROADBAND LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

ACN

Registration Number

132090192

1.3 ASX issuer code

ABB

1.4 The announcement is

New announcement

1.5 Date of this announcement

15/2/2024

1.6 The Proposed issue is:

A placement or other type of issue

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

7A.1a Conditions Yes
Approval/Condition	Date for determination	Is the date estimated or	** Approval
Court approval	16/2/2024	actual?	received/condition met?
		Estimated	No

Comments

The new ABB shares, which are the subject of this Appendix 3B, are being issued pursuant to a scheme of arrangement under Part 5.1 of the Corporations Act 2001 (Cth) between Symbio Holdings Ltd (SYM) and its shareholders (Scheme) under which all of the fully paid ordinary shares on issue in SYM will be transferred to ABB in return for a combination of cash and scrip consideration. No ABB shareholder approval is required in connection with the proposed issue of new ABB shares. SYM shareholders approved the Scheme on 7 February 2024. Court approval of the Scheme is expected at the second court hearing on 16 February 2024.

Approval/Condition	Date for determination	Is the date estimated or	** Approval
Lodgement of court order	19/2/2024	actual?	received/condition met?
with +ASIC		Estimated	No

Comments
Approval/Condition	Date for determination	Is the date estimated or	** Approval
Other (please specify in	16/2/2024	actual?	received/condition met?
comment section)		Estimated	No

Comments

Various other conditions precedent to the Scheme, all of which are expected to be satisfied or waived (other than lodgement of the court order with ASIC) as at 8:00am on 16 February 2024.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

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Appendix 3B - Proposed issue of securities

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Details of +securities proposed to be issued

ASX +security code and description

ABB : ORDINARY FULLY PAID

Number of +securities proposed to be issued

16,533,733

Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

The new ABB shares are to be issued as the scrip component of the scheme consideration offered in respect of the acquisition of SYM pursuant to the scheme of arrangement.

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities

64,812,231.300000

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 7C - Timetable

7C.1 Proposed +issue date

28/2/2024

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1?

No 7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No 7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? No 7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No 7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

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Appendix 3B - Proposed issue of securities

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Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Fees and costs incurred by ABB in connection with the scheme of arrangement include financial and legal adviser fees and share registry costs.

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

The new ABB shares are being issued to pay for the scrip component of the scheme consideration for the acquisition of SYM by way of a scheme of arrangement.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

The figure provided in response to Question 7B is based on the results of elections made by SYM shareholders, which remain subject to change including as a result of trading in SYM shares up to the effective date of the scheme of arrangement.

The final outcome of elections will not be known until after the record date of the scheme, which is currently expected to be 21 February 2024.

The total number of new ABB shares that will be issued may therefore be different to the figure provided in Question 7B.

Please see the scheme booklet issued by SYM dated 22 December 2023 for more information in relation to the scheme of arrangement.

7F.3 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: An applicable ASIC instrument or class order

Appendix 3B - Proposed issue of securities

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