GENUSPLUS GROUP LTD — Share Issue/Capital Change 2026

May 24, 2026

ASX Release

25 May 2026

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

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GENUS

ASX Market Announcements Office

ASX Compliance Pty Ltd

Level 40, Central Park

152-158 St Georges Terrace

Perth WA 6000

Dear Sir/Madam,

NOTICE UNDER SECTION 708A(5)(E) OF THE CORPORATIONS ACT 2001 (CTH)

GenusPlus Group Ltd (ABN 86 620 283 561) (ASX:GNP) (Genus or the Company) advises that it has today issued 21,621,622 new fully paid shares (New Shares) at an issue price of $9.25 each to professional and sophisticated investors under the institutional placement announced by the Company on 19 May 2026.

The Company hereby provides notification under section 708A(5)(e) of the Corporations Act 2001 (Cth) (Act) of the issue of the New Shares. The Act restricts the on-sale of securities issued without disclosure unless the sale is exempt under section 708 or 708A of the Act. By the Company giving this notice (Notice), a sale of the New Shares will fall within the exemption in section 708A(5) of the Act and they will be able to be traded immediately.

For the purposes of section 708A(6) of the Act, the Company gives notice that:

(a) the Company issued the New Shares without disclosure to investors under Part 6D.2 of the Act;
(b) this Notice is being given under section 708A(5)(e) of the Act;
(c) as at the date of this Notice, the Company has complied with:

(i) the provisions of Chapter 2M of the Act as they apply to the Company; and
(ii) sections 674 and 674A of the Act; and

(d) as at the date of this Notice, there is no 'excluded information', within the meanings of section 708A(7) and 708A(8) of the Act.

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

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

P: (08) 9390 6999

www.genusplusgroup.com.au

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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.