OPENLEARNING LIMITED — Capital/Financing Update 2024

Dec 5, 2024

Market Announcement

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6 December 2024

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OpenLearning Limited (ASX: OLL) – Trading Halt

Description

The securities of OpenLearning Limited (‘OLL’) will be placed in trading halt at the request of OLL, pending it releasing an announcement. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Tuesday, 10 December 2024 or when the announcement is released to the market.

Issued by

ASX Compliance

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

6 December 2024 ASX Limited

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6 December 2024

ASX Listings Compliance Home Branch Perth

Attention: Ms Vanessa Nevjestic (Senior Adviser, Listings Compliance) By email: tradinghaltsperth@asx.com.au

Dear Vanessa

OpenLearning Limited (ASX: OLL) - Trading Halt Request

OpenLearning Limited ( Company or OLL ) requests an immediate trading halt be granted by the Australian Securities Exchange ( ASX ) with respect to the Company’s securities quoted on the ASX.

The trading halt is requested pending an announcement by the Company to the market regarding a proposed capital raising (Purpose).

In accordance with ASX Listing Rule 17.1, the Company advises that:

• Reasons for trading halt - The trading halt is necessary to assist the Company in managing its continuous disclosure obligations as the Company expects to make an announcement to the market in relation to the above stated Purpose.

• Duration of trading halt – the Company requests that the trading halt remain in place until the earlier of the Company making an announcement regarding the stated Purpose and the commencement of normal trading on Tuesday, 10 December 2024.

• Event that will end trading halt – It is expected that the trading halt will end once the Company makes an announcement regarding the stated Purpose (which is expected no later than the commencement of trading on Tuesday, 10 December 2024).

• No reason and further information – The Company is not aware of any reason why the trading halt should not be granted or of any further information necessary to inform the market about the trading halt.

This trading halt request has been approved by the CEO of OLL.

Yours sincerely

Maria Clemente & Sally Greenwood, Joint Company Secretaries

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