NEXTED GROUP LIMITED — M&A Activity 2021

Aug 17, 2021

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Level 28, Waterfront Place 1 Eagle Street Brisbane QLD 4000 Australia

GPO Box 169 Brisbane QLD 4001

T +61 7 3338 7500 F +61 7 3338 7599

Our ref MDR:

18 August 2021

Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

iCollege Limited Off-Market Takeover Bid for RedHill Education Limited: Notice freeing the Offer of Regulatory Condition

We act for iCollege Limited ACN 105 012 066 ( ICT ) in relation to its off-market takeover bid ( Offer ) to acquire up to 100% of the ordinary shares in RedHill Education Limited ACN 119 952 493 ( RedHill ) pursuant to its bidder's statement dated 25 March 2021 and as replaced by its replacement bidder's statement dated 9 April 2021.

On behalf of ICT, we attach a formal notice under section 650F of the Corporations Act 2001 (Cth) freeing ICTs Offer of the Regulatory Condition.

Yours faithfully THOMSON GEER

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Matthew Reynolds

Partner T +61 7 3338 7922 M +61 434 361 245

E mreynolds@tglaw.com.au

encl

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Legal/76455500_1

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18 August 2021

ICT Limited 205 North Quay Brisbane QLD 4000

Takeover offer by ICT Limited ACN 105 012 066 ( ICT ) for RedHill Limited ACN 119 952 493 ( REDHILL )

NOTICE OF DECLARING TAKEOVER OFFERS FREE OF A DEFEATING CONDITION UNDER SECTION 650F OF THE CORPORATIONS ACT 2001 (CTH)

To : RedHill Limited; and

ASX Limited.

For the purposes of section 650F of the Corporations Act 2001 (Cth) , and under clause 6.6 of Schedule 1 (Terms of the Offer) to the Bidder's Statement dated 25 March 2021 and as replaced by its replacement bidder's statement dated 9 April 2021 ( Bidder's Statement ), ICT gives notice declaring that:

Its Offers under its off-market takeover bid for all the Shares in RedHill are free from condition 6.1(b) ( Regulatory Approvals ) of the Bidder's Statement; and

Its voting power in RedHill is 0.08%.

Signed for an on behalf of ICT Limited by

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Simon Tolhurst Director

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