Move Logistics Group Limited — Capital/Financing Update 2021

Nov 15, 2021

Company Announcement 16 November 2021

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

COMPLETION OF RETAIL ENTITLEMENT OFFER

Transport and logistics company, MOVE Logistics Group Limited (NZX: MOV), is pleased to advise that it has successfully completed the retail entitlement offer component (Retail Entitlement Offer) of its fully underwritten 1 for 3.06 pro rata accelerated renounceable entitlement offer (Offer) of new ordinary shares (New Shares), as part of the approximately $40 million capital raise announced on 27 October 2021.

The Retail Entitlement Offer closed at 5pm (NZ time) on Friday 12 November 2021 and raised gross proceeds of approximately $9.6 million.

The pro-rata nature of the Retail Entitlement Offer provided existing eligible retail shareholders with the opportunity to maintain their percentage shareholding in the company. It received strong support with approximately 74% of MOVE’s existing eligible retail shareholders electing to take up their entitlements.

Retail Bookbuild

MOVE will offer for sale under the retail bookbuild (Retail Bookbuild) approximately 2.4 million entitlements, being those entitlements not taken up or which would have been issued to ineligible shareholders had they been entitled to participate.

The Retail Bookbuild will be conducted by the Joint Lead Managers, Craigs Investment Partners and Bell Potter Securities Limited today, Tuesday 16 November 2021.

Any premium achieved above the application price of $1.40 per share for the entitlements in the Retail Bookbuild will be shared between those retail shareholders who did not exercise their entitlements or who were ineligible to do so, in proportion to their holdings of unexercised entitlements. There is no guarantee that any premium will be achieved, and any premium achieved through the Retail Bookbuild may be different from the premium achieved in the bookbuild conducted in respect of the institutional component of the Offer.

MOVE’s shares are expected to resume normal trading on the NZX on Wednesday 17 November 2021. The New Shares to be issued under the Retail Entitlement Offer and Retail Bookbuild are expected to be allotted and commence trading on the NZX on Thursday 18 November 2021 and will rank on issue equally with existing ordinary shares.

Holding statements for New Shares issued under the Retail Entitlement Offer and Retail Bookbuild are expected to be dispatched by the Registrar, Link Market Services Limited, on Wednesday 24 November 2021.

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.

Important Notices and Disclaimer

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.