Move Logistics Group Limited — Capital/Financing Update 2021

Nov 8, 2021

Company Announcement 9 November 2021

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

REMINDER OF MOVE RETAIL ENTITLEMENT OFFER CLOSING DATE

MOVE Logistics Group Limited (NZX: MOV), would like to remind eligible retail shareholders of the opportunity to subscribe for new ordinary shares in MOVE (New Shares) through the Retail Entitlement Offer.

The Retail Entitlement Offer is part of the capital raising announced on 27 October 2021, under which MOVE is seeking to raise approximately $40 million of new capital via a fully underwritten 1 for 3.06 accelerated renounceable entitlement offer (Offer).

The Retail Entitlement Offer closes at 5.00pm (NZ time) on Friday, 12 November 2021.

Under the Retail Entitlement Offer, eligible retail shareholders may apply for 1 New Share for every 3.06 existing MOVE shares held at 6.00pm (NZ time) on the Record Date (being Friday, 29 October 2021), at an application price of NZ$1.40 per New Share.

Eligible retail shareholders can participate in the Offer online at move.capitalraise.co.nz. To complete the online application, eligible retail shareholders will need their Holder Number and the unique Entitlement Number found in the email sent to eligible retail shareholders by the registrar, Link Market Services Limited, or on their personalised Entitlement and Acceptance Form (for shareholders that receive postal communications). Eligible retail shareholders should complete their application allowing sufficient time for it to be received by 5.00pm (NZ time) on Friday, 12 November 2021 . Given the present uncertainties with respect to postal timing, all eligible retail shareholders that wish to do so, are encouraged to apply online.

If shareholders have completed an application already, no further action is required.

Further details about the Offer, including the terms of the Offer and an explanation of how shareholders can participate, are included in the Offer Document which is available to view online at move.capitalraise.co.nz. Shareholders are encouraged to read the Offer Document carefully and seek financial, investment or other profession advice from a qualified profession adviser before deciding whether to participate.

The Offer is fully underwritten by Craigs Investment Partners and Bell Potter Securities Limited.

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.

Additional Information

This announcement has been prepared for publication in New Zealand and may not be released to US wire services or distributed in the United States. This announcement does not constitute an offer of securities for sale in the United States or any other jurisdiction. Any securities described in this announcement may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration.