HUMM GROUP LIMITED — Capital/Financing Update 2022

Jun 16, 2022

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17 June 2022

humm Consumer Finance Sale termination group

In light of the current major disruption in financial markets, humm group limited (ASX: HUM) ( Humm ) and Latitude Group Holdings Limited ( Latitude ) have mutually agreed to terminate the proposed sale of Humm Consumer Finance ( HCF ) to Latitude. Accordingly, the general and scheme of arrangement meetings scheduled to occur on Thursday, 23 June 2022 will be cancelled.

The Board of Humm continues to believe that HCF is a high-quality business and intends to review HCF’s strategic direction to focus on its core products and markets in order to restore profitability.

The Board and Management remain excited about flexicommercial ’s prospects.

Humm remains in a strongly capitalised position with surplus unrestricted cash and no drawn corporate debt.

-ENDS-

Authorised for release by the Majority Directors.

Investor Contact

Media Contact

Morrow Sodali - Humm Shareholder Lauren Thompson – Domestique Consulting Information Line +61 438 954 729 1300 237 569 (within Australia) OR Hayley Ashburner – Domestique Consulting +61 2 9066 4054 (outside Australia) +61 497 554 588

humm group limited ACN 122 574 583 Level 1, 121 Harrington St, The Rocks, NSW 2000 Tel.+61-2-8905-2000