EVION GROUP NL — Share Issue/Capital Change 2026

May 11, 2026

Appendix 3B - Proposed issue of securities

Update Summary

Entity name
EVION GROUP NL

Announcement Type
Update to previous announcement

Date of this announcement
12/5/2026

Reason for update to a previous announcement
Update to include total deferred consideration shares for the acquisition announced on 12 May 2026

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

Part 1 - Entity and announcement details

1.1 Name of +Entity

EVION GROUP NL

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

Registration Number

ABN

66610168191

1.3 ASX issuer code

EVG

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Update to include total deferred consideration shares for the acquisition announced on 12 May 2026

1.4b Date of previous announcement to this update

12/5/2026

1.5 Date of this announcement

12/5/2026

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

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

Approval/Condition	Date for determination	Is the date estimated or actual?	** Approval received/condition met?
+Security holder approval	18/6/2026	Estimated

Comments

Corporate advisory fee of 18 million shares on the same terms as the Placement announced on 12 May 2026, and total deferred consideration shares for the acquisition announced on 12 May 2026, estimated based on the 20-day VWAP from the last closing share price on 7 May 2026. Both subject to shareholder approval.

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

Details of +securities proposed to be issued

ASX +security code and description
EVG : ORDINARY FULLY PAID

Number of +securities proposed to be issued
18,000,000

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
Corporate advisory fee of 18 million shares for the acquisition announced on 12 May 2026

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
540,000.000000

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

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

Details of +securities proposed to be issued

ASX +security code and description
EVG : ORDINARY FULLY PAID

Number of +securities proposed to be issued
83,636,364

Reason for the update of 'Number of +securities proposed to be issued'

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
Total deferred consideration shares for the acquisition announced on 12 May 2026

Please provide an estimate of the AUD equivalent of the consideration being provided for the +securities
2,760,000.000000

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
30/6/2026

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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?
Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1
18/6/2026

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

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

Part 7F - Further Information

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

Corporate advisory fee of 18 million shares on the acquisition announced on 12 May 2026 (Acquisition) on the same terms as the Placement announced on the same date, and total deferred consideration shares for the Acquisition.

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

Refer to ASX announcement dated 12 May 2026 for further information

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:
The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

Appendix 3B - Proposed issue of securities