CAR GROUP LIMITED — Capital/Financing Update 2023

Mar 7, 2023

Market Announcement

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8 March 2023

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carsales Limited (ASX: CAR) – Trading Halt (2+1)

Description

The securities of carsales Limited (‘CAR’) will be placed in trading halt at the request of CAR, pending it releasing an announcement regarding the outcome of the institutional component of the accelerated entitlement offer. Unless ASX decides otherwise, the securities will remain in trading halt until the commencement of normal trading on Monday, 13 March 2023.

Issued by

Dean Litis

Principal Adviser, Listings Compliance

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

8 March 2023 ASX Limited

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Wednesday, 8 March 2023

By E-mail: dean.litis@asx.com.au Copy to tradinghaltsmelbourne@asx.com.au

Mr Dean Litis Principal Adviser, Listings Compliance ASX Limited Level 4, Rialto North Tower 525 Collins Street Melbourne VIC 3000

Dear Dean

carsales.com Limited – Request for Trading Halt under ASX Listing Rule 17.1

carsales.com Limited (ACN 074 444 018) (ASX: CAR) ( CAR ) requests its securities be placed in a trading halt from the commencement of trading today, Wednesday, 8 March 2023, pursuant to ASX Listing Rule 17.1.

The trading halt is requested pending an announcement by CAR in connection with a material transaction and a fully underwritten accelerated pro-rata renounceable entitlement offer (with retail rights trading) ( Entitlement Offer ).

CAR requests the trading halt remains in place until the earlier of:

• (a) an announcement being made by CAR about the completion of the institutional component of the Entitlement Offer; or

• (b) the commencement of trading on Monday, 13 March 2023.

CAR is not aware of any reason why the trading halt should not be granted or any other information necessary to inform the market about the trading halt.

Please contact me if you require any additional information.

Yours sincerely

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Nicole Birman Company Secretary carsales.com Limited

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