OPENLEARNING LIMITED — Director's Dealing 2024

Nov 11, 2024

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 becomes ASX's property and may be made public.

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

Name of entity	OpenLearning Limited
ABN	18 635 890 390

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	Matthew Reede
Date of last notice	3 July 2024

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	Direct or indirect interest	Direct or indirect interest	Direct or indirect interest	Indirect	Indirect	Indirect	Indirect	Indirect	Indirect
Nature of indirect interest(including registered holder)				Euphrates Capital Pty Ltd <Euphrates SuperfundA/C> - Mr Reede is a director of Euphrates CapitalPty Ltd and a beneficiary of Euphrates SuperfundA/C.
Date of change				a) 5 November 2024b) 7 November 2024
No. of securities held prior to change				Direct:1,000,000 Ordinary Fully Paid Shares1,000,000 Unlisted Options, exercisable at $0.05and expiring on 28/6/2029
				,,and expiring		nse pons,on 28/6/2029	exercsa	e a .
Clas	s			Ordinary Ful		ly Paid Shares
Num	b	id		37100
	er ac	qure		a) ,b) 151,319
				Total: 188,4		19
Num	ber di	sposed		NIL
Valu
	e/Con	sideration		$0.015 per s		hare
No.	of secu	rities held after	change	Direct:
				1,000,000 O1,000,000 Uand expiring		rdinary Fully Panlisted Options,on 28/6/2029	id Sharesexercisabl	e at $0.05
				Indirect:
				188,419 Ord		inary Fully Paid	Shares
Natu
	re of c	hange		N/A

Part 2 - Change of director's relevant 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.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director's Interest Notice

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder(if issued securities)	N/A
Date of change	N/A
No. and class of securitiesto which interest relatedprior to change	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Interest after change	N/A

Part 3 -[+] Closed period

Part 3 -+Closed period
Were the interests in the securities orcontracts detailed above traded during a+closed period where prior written clearancewas required?	No
If so, was prior written clearance provided toallow the trade to proceed during this period?	N/A
If prior written clearance was provided, onwhat date was this provided?	N/A

• See chapter 19 for defined terms. 01/01/2011 Appendix 3Y Page 2