GENUSPLUS GROUP LTD — Capital/Financing Update 2025

Jul 22, 2025

ASX Release 23 July 2025 For immediate release to the market

GENUSPLUS AWARDED ADDITIONAL WORK UNDER CONTRACT FOR WESTERN POWER CLEAN ENERGY LINK – NORTH PROJECT

HIGHLIGHTS:

• Genus has been awarded additional works under its contract for Western Power’s Clean Energy Link – North Region project which was awarded in January 2025

• Additional works valued at approximately $60 million

National essential power and communications infrastructure provider GenusPlus Group Ltd (ASX: GNP) ( Genus or the Company ) has been awarded additional works under a variation of its contract with Western Power for the Clean Energy Link – North Region project ( CELN Project ) which was announced on 10 January 2025.

As announced on 10 January 2025, the CELN Project will:

• strengthen Western Australia’s largest electricity network to ensure it can connect and transport a greater supply of renewable energy from the Mid West region – an ideal location to harness the power of wind and solar energy as WA moves towards net zero[1] ; and

• include new 330kV & 132kV terminal builds within the existing network footprint to significantly increase transmission capacity and enable new energy sources to come online, as well as existing line conversions and reinforcement work to significantly improve the flow of renewable energy to and from the area.

The variation for the additional works is approximately $60 million and includes 330kV Regans Terminal reinforcement works, 330kV Northern Terminal - augmentation of 132kV transmission lines and the provision for augmentation of existing distribution assets. The scheduled completion of the contract under which the additional works will be performed remains unchanged and is expected to be mid-2027.

Genus Managing Director, David Riches, said Genus was very pleased with the award of the additional works as it continues to develop its long-standing relationship with Western Power.

“ Genus is very pleased to have been awarded these additional works for the CELN Project by Western Power, and is looking forward to delivering them safely, on time and on budget as it continues to deliver quality work for Western Power as a trusted delivery partner .

Western Power Chief Executive Officer, Sam Barbaro, said “ Western Power is working at pace to help ensure that our network continues to grow and transition to cater for increased volumes of renewable energy to facilitate government, the community and industry reach their decarbonisation goals.

We are working with suppliers, including Genus, to ensure that infrastructure components are sourced locally in line with our commitment to building WA’s capability and maximising local economic benefits.”

The Board of the Company has authorised the release of this announcement to the market.

1https://www.westernpower.com.au/resources-education/our-network-the-grid/future-of-the-grid/clean-energy-link-program/

08 9390 6999 Level 1, 63-69 Abernethy Road, Belmont WA 6104 www.genus.com.au

GenusPlus Group Ltd | ABN 86 620 283 561

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ASX Release 23 July 2025 For immediate release to the market

For more information:

INVESTOR ENQUIRIES

David Riches investors@genus.com.au +61 8 9390 6999

Damian Wright investors@genus.com.au +61 8 9390 6999

ABOUT GENUSPLUS

GenusPlus Group Ltd is a specialist power and communications infrastructure and services provider operating across Australia. With years of practical experience across Australia, we design, build and maintain electrical transmission and distribution networks, substations and battery systems.

We enable customers to integrate new generation technology into traditional networks and support emerging networking solutions, meeting the demands of a carbon neutral economy.

Capitalising on our expertise in power networks and using the world’s best knowledge and technology, we also specialise in delivering integrated, efficient and scalable communication network solutions, including network design, and fixed and wireless infrastructure supported by real time network management expertise and capability.

Further information is available at www.genus.com.au.

08 9390 6999 Level 1, 63-69 Abernethy Road, Belmont WA 6104 www.genus.com.au

GenusPlus Group Ltd | ABN 86 620 283 561

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