MAGONTEC LIMITED — Proxy Solicitation & Information Statement 2025

Jan 2, 2025

Suite 2.01, Level 2 139 Macquarie Street Sydney NSW 2000 Australia Ph: +61 2 8084 7813

Company Announcements Office Australian Securities Exchange Limited 20 Bridge Street Sydney, NSW, 2000

3 January 2025

Dear Sir, Madam

Magontec Limited – Extraordinary General Meeting Wednesday 5 February 2025

1. Dispatch of EGM Material

The 2025 Extraordinary General Meeting (EGM) of Magontec Limited will be held on Wednesday 5 February 2025 at 11:00am (AEST). Material pertaining to the EGM will be dispatched to shareholders according to their nominated preference (physical post or electronic mail).

The EGM material being dispatched to shareholders comprises –

• the Notice of Extraordinary General Meeting (NoM); and

• a pro-forma proxy voting form.

2. Meeting Attendance

Shareholders will be able to participate in the EGM by attending in person at our offices at “Domain House “, Suite 2.01, Level 2, 139 Macquarie Street, Sydney NSW 2000.

3. Material Now Released to the Market

In accordance with ASX Listing Rule 3.17 the Company has released via the ASX announcements platform (under separate cover) the NoM and a pro forma proxy voting form. The NoM includes an Independent Expert’s Report prepared by Grant Thornton Corporate Finance who provided an opinion on whether the substance of the MoS, being the selective share buy-back, was fair and reasonable to non-associated shareholders.

4. Voting Process

Shareholders will be able to, and are encouraged to, cast their votes prior to the meeting by –

• physically completing and mailing to Boardroom Pty Limited the individualised proxy voting form they will receive in the next few days.

• voting online; or

• voting via “Smartphone”.

Instructions as to how shareholders can cast their votes electronically are contained on the front page of the proxy voting form.

Yours Sincerely

==> picture [96 x 49] intentionally omitted <==

Dean Taylor Company Secretary

Dean Taylor, Company Secretary of Magontec Limited has authorised the release of this document to the market on 3 January 2025