NEXTED GROUP LIMITED — Director's Dealing 2022

Dec 19, 2022

NextEd Group Limited

ASX ANNOUNCEMENT

20 December 2022

Sale of Shares by Director

NextEd Group Limited (ASX:NXD) ( Company or NextEd ) (formerly iCollege Limited) advises that its nonexecutive director, Simon Tolhurst, sold an indirect interest in 1,431,092 shares in NextEd which were held by Midwicket Pty Ltd and purchased 222,124 shares as registered holder in on-market trades on 14 December 2022 as detailed in the attached Appendix 3Y.

The share trades were conducted as a consequence of a divorce and pending property settlement. In addition to Mr Tolhurst purchasing shares during his term as a director, for the first three years of his tenure, Mr Tolhurst’s directors’ fees were paid in shares rather than cash. Mr Tolhurst has not sold any shares previously. The proceeds from the share sale will be used by Mr Tolhurst to acquire a property to reside in, clear current debt on the matrimonial home, meet CGT and income tax liabilities that crystallise upon the sale and distribution of proceeds and to make a small investment in a Supply Nation business.

These transactions were approved by the Company’s Chair in accordance with NextEd’s Share Trading Policy.

This announcement has been approved for release by the Company Secretary.

For further information:

Glenn Elith Lisa Jones Chief Executive Officer Company Secretary glenn.elith@icollege.edu.au lisa.jones@icollege.edu.au

ABOUT NEXTED GROUP LIMITED

NextEd is a leading vocational education and higher education provider comprised of businesses delivering accredited and non-accredited courses and services across Australia. NextEd also operates an international student recruitment agency with operations in Europe, South America and Australia.

NextEd Group Limited Level 2, 7 Kelly Street, Ultimo, NSW, 2007

T +612 8355 3820 | E investors@icollege.edu.au | W www.icollege.edu.au

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity	NextEd Group Limited
ABN	75 105 012 066

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director SIMON TOLHURST Date of last notice 11 December 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest		Indirect and direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.		Securities held by Midwicket Pty Ltd, ofwhich Mr Tolhurst is a director andshareholder.
Date of change		14 December 2022
No. of securities held prior to change		Indirect: 1,431,092 (pre consolidationnumber was 7,155,467)**Direct:**Nil
Class		Ordinary Shares and Options
Number acquired		Indirect: NilDirect:222,124 Ordinary Shares67,858 Options to acquire Ordinary Shares
Number disposed		Indirect: 1,431,092**Direct:**Nil

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation		**Indirect (sell):**1,431,092 @ $1.12 pershare (total $1,602,823.04)Direct (buy):Ordinary Shares: 10,700 @ $1.121359 pershare ($11,998.54)Ordinary Shares: 211,424 @ 1.120200 pershare ($236,837.16)Options to acquire Ordinary Shares: Nil
No. of securities held after change		Ordinary Shares:Indirect: NilDirect: 222,124Options to acquire Ordinary Shares:67,858
Nature of changeExample: on-market trade, off-market trade, exercise of options, issueof securities under dividend reinvestment plan, participation in buy-back		(a) Issue of Director Options as approvedby shareholders at the 2022 AnnualGeneral Meeting and the terms ofwhich are set out in Schedule 1 to theNotice of Meeting.(b) Purchase and sale of shares in on-market trades.

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract Nature of interest Name of registered holder (if issued securities) Date of change No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed Interest acquired

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest disposed Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation Interest after change

Part 3 –[+] Closed period

Were the interests in the securities or contracts detailed No above traded during a[+] closed period where prior written clearance was required? If so, was prior written clearance provided to allow the trade to proceed during this period? If prior written clearance was provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011

Appendix 3Y Page 3