FLEXIROAM LIMITED — Capital/Financing Update 2025

Feb 5, 2025

6 February 2025

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RESULTS OF ENTITLEMENT OFFER

Flexiroam Limited (ASX:FRX) ( Flexiroam or the Company ) is pleased to announce the results of its partially underwritten, non-renounceable, pro rata entitlement offer announced on 8 January 2025 ( Entitlement Offer ), which closed on 30 January 2025.

Eligible shareholders were invited to participate in the Entitlement Offer on the basis of (1) new fully paid ordinary share in the Company ( New Share ) for every (1) share held at 5.00pm (WST) on 13 January 2025, at an issue price of $0.005 per New Share to raise up to $3.928M before costs.

In addition to their entitlements, Eligible Shareholders were also able to apply for New Shares for which applications were not received under the Entitlement Offer, at the same issue price of $0.005 per New Share ( Shortfall ). However, no applications were received under the Shortfall.

The Entitlement Offer was partially underwritten by founder & interim CEO Jef Ong ( Underwriter ), for the amount of $ 908,027.06 (being equal to 181,605,412 New Shares).

Results of the Entitlement Offer are as follows:

Total number of New Shares offered under Entitlement Offer	785,643,781 New Shares
Valid applications received under the Entitlement Offer	311,908,801 New Shares
Additional acceptances under the Top-up Facility	238,240,600 New Shares
Valid application received from the Underwriter	181,605,412 New Shares
TotalShortfallto the Entitlement Offer	53,888,968 New Shares
Total New Shares on issue following close of theEntitlement Offer	731,754,813 New Shares

Raising a total of $3,658,774.06 (before costs).

Normal trading of New Shares on the ASX is expected to commence on Friday, 7 February 2025. The New Shares rank equally with existing shares on issue.

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Further Information

For all enquiries concerning the Entitlement Offer, please contact the Company Secretary by telephone on +61 2 8072 1400 or Automic Group on 1300 288 664 (within Australia) or +61 2 9698 5414 (outside Australia) at any time between 9:00 am and 5:00 pm (WST), Monday to Friday.

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AUTHORISED BY THE BOARD OF DIRECTORS

Corporate enquiries

Jef Ong, CEO Telephone: +60163289941 Email: investor@flexiroam.com

ABOUT FLEXIROAM

Flexiroam Limited (ASX: FRX) is the connectivity solution for a new era of travel. Globally, travellers are seeking a more flexible, spontaneous travel experience, facilitated by seamless data at competitive rates. Flexiroam’s versatile network spans 520 network operators in over 200 countries and regions, making it the preferred service for consumers and businesses worldwide. Our ability to provide a trusted global communications network for Partners to add solution value within key sectors. And with a ‘Customer at the Heart’ ethos we live and breathe our purpose, ‘to open-up global connectivity so that every person can experience the joy of flexible travel’.

For further information, please visit https://www.flexiroam.com/

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Level 5, 126 Phillip Street, Sydney NSW 2000 www.flexiroam.com