MITCHELL SERVICES LIMITED — Capital/Financing Update 2021

Aug 15, 2021

Market Announcement

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16 August 2021

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Mitchell Services Limited (ASX: MSV) – Trading Halt

Description

The securities of Mitchell Services Limited (‘MSV’) will be placed in trading halt at the request of MSV, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Wednesday, 18 August 2021 or when the announcement is released to the market.

Issued by

Alex Sutton

Compliance Adviser, Geology, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

16 August 2021 ASX Limited

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16 August 2021

The Manager Company Announcements Office Australian Securities Exchange Level 4, 20 Bridge Street Sydney NSW 2000

Attention: Alex Sutton Adviser, Listings Compliance (Sydney) By email: tradinghaltssydney@asx.com.au Alex.Sutton@asx.com.au

Request for Trading Halt – Mitchell Services Limited (ASX:MSV)

Mitchell Services Limited (ACN 149 206 333) ( Mitchell Services ) requests the implementation of a trading halt in its ordinary shares (ASX Code: MSV) pursuant to Listing Rule 17.1 from the commencement of trading today, 16 August 2021.

For the purposes of ASX Listing Rule 17.1, Mitchell Services provides the following information:

• (a) Mitchell Services is seeking the trading halt as Mitchell Services expects to make an announcement to the ASX in connection with a capital raising comprising a fully underwritten pro rata accelerated non-renounceable entitlement offer (the Offer ). Mitchell Services considers it appropriate that it enter into a trading halt:

  • (i) given the materiality of the Offer;

  • (ii) in order for the bookbuild processes in respect of the institutional component of the Offer to be conducted in an orderly manner; and

  • (iii) so that, upon recommencement of trading, the market can trade on a fully informed basis.

• (b) Mitchell Services requests that the trading halt remain in place until the earlier of:

  • (i) Mitchell Services making an announcement to the market regarding the outcome of the institutional component of the Offer; or

  • (ii) the commencement of trading on 18 August 2021;

• (c) Mitchell Services expects that the trading halt will be ended by it making an announcement to the market in relation to the completion of the institutional component of the Offer.

• (d) Mitchell Services is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Please contact me if you require any further information.

Yours sincerely

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Greg Switala

CFO & Company Secretary Mitchell Services Limited