AUSSIE BROADBAND LIMITED — M&A Activity 2023

Oct 24, 2023

Symbio Holdings Limited (ASX:SYM) ABN: 37 118 699 853 Level 4, 580 George St, Sydney NSW 2000 Australia

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ASX Announcement

25 October 2023

Aussie Broadband proposal – Due diligence status and exclusivity extension

Symbio Holdings Limited (ASX:SYM, or “ Symbio ”) refers to its announcement on 29 September 2023 advising the receipt of a non-binding indicative conditional proposal from Aussie Broadband Limited (ASX:ABB, or “ Aussie Broadband ”) to acquire all of Symbio’s shares via a scheme of arrangement, along with the commencement of a 15 NSW business day period of exclusivity to undertake confirmatory due diligence.

Discussions and due diligence are continuing and the parties have agreed to extend the Exclusivity End Date under the Exclusivity Deed (a copy of which was annexed to Symbio’s 29 September 2023 announcement) to 11:59pm on Tuesday 31 October 2023.

There is no certainty at this stage that any agreement will be reached or that a transaction will eventuate. At the current time, shareholders do not need to take any action and the Board will update shareholders as appropriate.

This announcement has been authorised for release by the Board.

ENDS

Media and investor contact: Michelle Loh, Cannings Strategic Communications Phone: +61 497 834 937 Email: mloh@canningscomms.com.au