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OPENLEARNING LIMITED Capital/Financing Update 2024

Dec 16, 2024

65492_rns_2024-12-16_a6929df0-19b0-46aa-b9b4-8bcb4ff3da7e.pdf

Capital/Financing Update

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ASX Announcement | 17 December 2024

Cleansing Notice under Section 708A(5)(e) of the Corporations Act

Sydney, Australia, 17 December 2024: OpenLearning Limited (ASX: OLL), the AI powered SaaS platform for lifelong learning (‘ OpenLearning’ or ‘ Company’ ), refers to the Appendices 2A released to the ASX today detailing the allotment of 58,823,529 fully paid ordinary shares ( Shares ) under the institutional placement announced on 10 December 2024 ( Placement ) and 782,353 Shares issued to the lead manager of the Placement.

The Company gives this notice in accordance with section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) and states the following:

the Shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act;
as at the date of this notice, the Company has complied with:
- a. the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and
- b. sections 674 and 674A of the Corporations Act;
as at the date of this notice, there is no "excluded information" for the purposes of sections 708A(7) and 708A(8) of the Corporations Act.

Ends.

Authorised by:

Adam Brimo

Group CEO & Managing Director