GENUSPLUS GROUP LTD — Capital/Financing Update 2026

May 19, 2026

ASX Release

20 May 2026

For immediate release to the market

Not for release to US wire services or distribution in the United States

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GENUS

A$200M PLACEMENT FOR ACQUISITION OF MPK

HIGHLIGHTS:

• A$200m Placement strongly supported by existing institutional and sophisticated investors
• Issue price of A$9.25 per New Share representing a 5.0% discount to last closing price on 15 May 2026 and a 1.5% discount to 5 day VWAP (up to and including 15 May 2026)
• Proceeds will be used to partly fund the transformational and highly accretive acquisition of MPC Kinetic Holdings Pty Ltd

National essential power and communications infrastructure provider GenusPlus Group Ltd (ASX: GNP) ("Genus" or the "Company") is pleased to announce that it has received firm commitments from institutional and sophisticated investors for a $200 million (before costs) single-tranche placement ('Placement') via the issue of approximately 21.6 million fully paid ordinary shares ('New Shares') at a price of $9.25 per New Share.

The issue price of $9.25 per New Share represents:

• a 5.0% discount to the last closing price on 15 May 2026 of $9.74 per share
• a 1.5% discount to the 5 trading day VWAP (up to and including 15 May 2026) of $9.39 per share

As announced on 18 May 2026, Genus has entered into a binding agreement to acquire MPC Kinetic Holdings Pty Ltd ("MPK"). Proceeds from the Placement will be used to fund a portion of the acquisition consideration for MPK. Refer to the investor presentation released with this announcement for further details.

The Placement was undertaken within Genus' Listing Rule 7.1 capacity. New Shares will rank pari passu with existing Genus shares. Bell Potter Securities Limited and Euroz Hartleys Limited acted as Joint Lead Managers and bookrunners to the Placement. MA Moelis Australia acted as Co-Manager to the Placement.

Timetable

The indicative timetable for the Placement is set out below. This timetable is indicative only and subject to change without notice.

Event	Date
Announcement of results of Placement	Wednesday, 20 May 2026
Genus resumes trading on ASX
Settlement of Placement	Friday, 22 May 2026
Allotment and expected commencement of normal trading of New Shares	Monday, 25 May 2026
Estimated Completion of MPK acquisition	1 July 2026

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

P: (08) 9390 6999

www.genusplusgroup.com.au

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ASX Release
20 May 2026
For immediate release to the market
Not for release to US wire services or distribution in the United States

GENUS

For more information:

INVESTOR ENQUIRIES

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

Damian Wright
investors@genusplusgroup.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.

Not an offer of securities

This announcement has been prepared for publication in Australia and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration requirements of the US Securities Act and applicable US state securities laws.

P: (08) 9390 6999
www.genusplusgroup.com.au