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DTI GROUP LTD M&A Activity 2026

May 21, 2026

64790_rns_2026-05-21_74c826c1-d5b8-43de-b31c-43bdc37715f5.pdf

M&A Activity

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Morris Group

22 May 2026

Market Announcements Office
ASX Limited
Level 27, 39 Martin Place
SYDNEY NSW 2000

FINICO PTY LTD OFFER FOR DTI GROUP LIMITED

NOTICE OF BIDDER'S INTENTION TO NOT EXTEND OFFER PERIOD

Finico Pty Ltd as trustee for The Morris Family Trust (Bidder) provides notice that it will not elect to extend the period for which its unconditional cash offer to acquire shares in DTI Group Limited (ACN 069 791 091) (DTI) remains open (Offer Period), and that accordingly, the Offer Period will end at the close of trading on ASX on 29 May 2026.

The Bidder currently holds in excess of 75%, but less than 90% of the fully paid ordinary shares in DTI (DTI Shares). If this remains the situation at the end of the Offer Period, then, as set out in its Bidder's Statement as published on 14 April 2026 (Bidders Statement), the Bidder intends to (among other things):

  • replace all current members of the board of directors of DTI (DTI Board) with its own appointments; and
  • request that the DTI Board review the benefits and suitability of remaining to be listed on ASX, and if it were to determine that it is in the best interest of DTI to cease to be listed on ASX, the Bidder would support a resolution to delist DTI.

As at the date of this notice, the Bidder has no plan to pursue a further on-market offer in relation to the DTI Shares in the future, but it has not ruled out doing so at its discretion (and therefore preserves the right to do so). However, the Bidder notes that its ability to otherwise increase its holdings of DTI Shares is limited by the operation of the Corporations Act 2001 (Cth) (Corporations Act).

If, at the end of the Offer Period, the Bidder has acquired 90% or more of the DTI Shares and at least 75% of the DTI Shares that it offered to acquire, and is entitled to proceed with compulsory acquisition of the outstanding DTI Shares, the Bidder intends to (among other things):

  • replace all current members of the DTI Board with its own appointments
  • proceed with compulsory acquisition of the remaining DTI Shares on issue in accordance with the Corporations Act; and

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Morris Group

  • arrange for DTI to be removed from the Official List of ASX following the conclusion of the compulsory acquisition process.

Further information on the intentions of the Bidder following the Offer Period is set out in section 7 of the Bidder's Statement.

Yours faithfully

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Chris Morris

Chairman

Morris Group

Finico Pty Ltd