OPENLEARNING LIMITED — Director's Dealing 2025

Jun 22, 2025

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Appendix 3Y – Rupesh Singh

Sydney, Australia, 23 June 2025: OpenLearning Limited (ASX: OLL), the AI powered SaaS platform for lifelong learning (‘ OpenLearning’ or ‘ Company’ ) attaches an Appendix 3Y in respect of a change in the indirect interests held by Non-Executive Director, Rupesh Singh, following an on-market purchase of OLL shares through his superfund, Aria Assets Superfund Pty Ltd.

The attached Appendix 3Y also includes the following shares acquired by Aria Assets Superfund Pty Ltd ( Prior On-Market Purchases )

Number of OLL Shares	Date of Acquisition	Consideration
25,000	14 January 2025	$500.00
10,377	1 May 2025	$166.03
128,354	13 May 2025	$1,796.96

The above Prior On-Market Purchases were discovered in the process of preparing the Appendix 3Y for the June trades. The Prior On-Market Purchases were not notified to the market via an Appendix 3Y within the requisite timeframe under Listing Rule 3.19A as a result of administrative oversight.

The Company considers that it has adequate arrangements in place to ensure compliance with Listing Rule 3.19A and the failure to notify the market of the above Prior On-Market Purchases was an isolated incident. In any event, all Directors will be re-briefed at the forthcoming board meeting on their obligations pertaining to their dealings in the Company’s securities (either personally or through an associate) and the Company’s continuous disclosure obligations specifically under Listing Rules 3.19A and 3.19B.

Ends.

Authorised by: Maria Clemente Joint Company Secretary

OpenLearning Limited (ASX: OLL) ACN 635 890 390 • Phone: +61 2 8294 9686 • Web: www.openlearning.com Address: The Cooperage, Level 2, Suite 9, 56 Bowman Street, Pyrmont, NSW 2009

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Stay up to date with OpenLearning news as it happens:

Visit the Investor section of the OpenLearning website at: https://investors.openlearning.com/ 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:

Investor Relations

Company Investor Relations Maria Clemente/ Sally Greenwood Matthew Reede Company Secretary Dominion Partners P: +61 2 8072 1426/ +61 2 8072 1431 P: +61 414 483 054 E: investors@openlearning.com E: matt@dominion.partners

About OpenLearning

OpenLearning is an Artificial Intelligence (AI) powered SaaS platform for lifelong learning.

The platform enables education providers to manage all aspects of online learning, harnessing the power of Generative AI to streamline course design, content authoring and education delivery for short courses, micro-credentials and online degrees.

OpenLearning is a trusted partner to more than 220 leading education providers, who have delivered tens of thousands of courses to over 3.5 million learners through its platform.

With a strong position in the Australian and Malaysian higher education sectors, and a growing presence in Indonesia and India, OpenLearning is revolutionising the way education is accessed and delivered globally.

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

OpenLearning Limited (ASX: OLL) ACN 635 890 390 • Phone: +61 2 8294 9686 • Web: www.openlearning.com Address: The Cooperage, Level 2, Suite 9, 56 Bowman Street, Pyrmont, NSW 2009

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 become 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	Rupesh Singh
Date of last notice	13 June 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	Indirect
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.	Aria Assets Superfund Pty Ltd (atf R & A Singh Superfund A/C> Mr Singh is a Director of Aria Assets Superfund Pty Ltd and a beneficiary of the Aria Assets Superfund Pty Ltd.
Date of change	(c) 16 June 2025 (d) 13 May 2025 (e) 01 May 2025 (f) 14 January 2025
No. of securities held prior to change	ECA Investments Group Pty Ltd (atf the ECA Investments Group Trust) (ECA) (a) 208,505,630 Fully Paid Ordinary Shares ECA Investments Group Pty Ltd (b) 36,379,929 Fully Paid Ordinary Shares Aria Assets Superfund Pty Ltd (atf R & A Singh Superfund A/C> (c-f) 0 Fully Paid Ordinary Shares
Class	(c-f) Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1 ME_211884830_1

Appendix 3Y Change of Director’s Interest Notice

Number acquired	(c) 115,081 (d) 128,354 (e) 10,377 (f) 25,000
Number disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation	(c) $0.017 per share (d) $0.014 per share (e) $0.016 per share (f) $0.02 per share
No. of securities held after change	ECA Investments Group Pty Ltd (atf the ECA Investments Group Trust) (ECA) (a) 208,505,630 Fully Paid Ordinary Shares ECA Investments Group Pty Ltd (b) 36,379,929 Fully Paid Ordinary Shares Aria Assets Superfund Pty Ltd (atf R & A Singh Superfund A/C> (c-f) 278,812 Fully Paid Ordinary Shares
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy-back	On Market Purchase

Part 2 – Change of director’s 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.

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 securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 2 ME_211884830_1

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Interest after change N/A

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	N/A
If prior written clearance was provided, on what date was this provided?	N/A

• See chapter 19 for defined terms.

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