OPENLEARNING LIMITED — Capital/Financing Update 2022

Nov 17, 2022

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ASX Announcement | 18 November 2022

Unlisted Options Expiring

Sydney, Australia, 18 November 2022: Global lifelong learning platform OpenLearning Limited ( OpenLearning or the Company ) (ASX: OLL) advises that the following unlisted options are due to expire on 9 December 2022:

ASX Unquoted Securities	Number of Options	Exercise Price
OLLAAG	5,000,000	$0.30
OLLAAH	2,793,333	$0.20

Any participant wishing to exercise their options must forward a completed option exercise form and payment prior to 5.00pm (AEDT) on 9 December 2022. The Company will despatch an option exercise form to each holder of these options, if requested, should they wish to exercise their options.

Ends.

Authorised by:

Group CEO & Managing Director

Stay up to date with OpenLearning news as it happens:

Visit the Investor section of the OpenLearning website at: https://solutions.openlearning.com/investorhome/. There you can download the Company’s Prospectus and see recent ASX Announcements and press coverage.

In addition to signing up for OpenLearning news directly from the Company, we also encourage shareholders to register to receive electronic communications from our share registry, Automic. To sign up for e-communications from Automic, please visit https://www.automicgroup.com.au/.

Thanks for your ongoing support. We look forward to sharing OpenLearning news with you.

For further information, please contact:

Company

Nova Taylor Joint Company Secretary P: +61 3 8678 4091 E: investors@openlearning.com

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----- Start of picture text ----- OpenLearning Limited (ASX: OLL) 1ACN 635 890 390 • Phone: +61 2 8294 9686 • Web: www.openlearning.comAddress: Suite 1803, 227 Elizabeth Street, Sydney, NSW 2000, Australia----- End of picture text -----

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About OpenLearning

OpenLearning Limited is a higher education technology company that provides a scalable online learning platform to education providers and a global marketplace of world-class courses for learners of all levels.

OpenLearning’s platform enables the delivery of project-based, social learning to encourage interaction among users and foster a community of collaborative learners. The Company’s unique service provides a complete learning environment for all types of online education - from short courses through to microcredentials and online degrees.

With more than 3 million learners worldwide across over thousands of courses provided by hundreds of education providers, OpenLearning is at the forefront of a new wave of online education delivery.

To learn more, please visit: https://solutions.openlearning.com/

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----- Start of picture text ----- OpenLearning Limited (ASX: OLL) 2ACN 635 890 390 • Phone: +61 2 8294 9686 • Web: www.openlearning.comAddress: Suite 1803, 227 Elizabeth Street, Sydney, NSW 2000, Australia----- End of picture text -----