Move Logistics Group Limited — Capital/Financing Update 2021

Oct 29, 2021

Company Announcement 29 October 2021

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MOVE INSTITUTIONAL BOOKBUILD HEAVILY OVERSUBSCRIBED AT CLEARING PRICE

Following the successful completion of the Institutional Entitlement Offer and Bookbuild, and by way of clarification to MOVE’s earlier announcement today, MOVE Logistics Group Limited advises that the Institutional Bookbuild which closed on 28 October 2021 was more than two times oversubscribed at the clearing price of $1.48, being the highest price at which the available entitlements in the bookbuild were fully cleared.

As advised, the Institutional Bookbuild was well supported with a number of new Australian and New Zealand institutions joining the share register.

ENDS

For further information, please contact:

Chris Dunphy Lee Banks Executive Director Chief Financial Officer Phone: +61 417 888 930 Phone: +64 27 525 2876 Email: Chris@movelogistics.com Email: Lee.Banks@movelogistics.com

For media assistance, please contact: Jackie Ellis t: + 64 27 246 2505 e: jackie@ellisandco.co.nz

About MOVE Logistics Group Limited (MOV)

MOVE is one of the largest domestic freight and logistics businesses in New Zealand, with a nationwide network of branches, depots and warehouses.