OPENLEARNING LIMITED — Director's Dealing 2025

Sep 22, 2025

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	11 September 2025

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 relevantinterest.	Aria Assets Superfund Pty Ltd (atf R & A SinghSuperfund A/C)Mr Singh is a Director of Aria Assets SuperfundPty Ltd and a beneficiary of the Aria AssetsSuperfund Pty Ltd.
Date of change	(c) 17 September 2025
No. of securities held prior to change	ECA Investments Group Pty Ltd (atf the ECAInvestments Group Trust) (ECA)(a) 208,505,630 Fully Paid Ordinary SharesECA Investments Group Pty Ltd(b) 36,379,929 Fully Paid Ordinary SharesAria Assets Superfund Pty Ltd (atf R & A SinghSuperfund A/C)(c) 1,759,322 Fully Paid Ordinary Shares
Class	Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Number acquired	(c) 550,000
Number disposed	N/A
Value/Consideration	(c) $0.019 per share
Note: If consideration is non-cash, provide details and estimated
valuation
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) 2,309,322 Fully Paid Ordinary Shares
Nature of change	On-Market Purchase
Example: on-market trade, off-market trade, exercise of options, issue of
securities under dividend reinvestment plan, participation in buy-back

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	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and
an estimated valuation
Interest after change	N/A

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

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Appendix 3Y Page 3