OPENLEARNING LIMITED — Director's Dealing 2025

Aug 10, 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	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	Adam Brimo
Date of last notice	28 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	Direct
Nature of indirect interest(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.
Date of change	8 August 2025

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	Adam Brimo1.6,631,117 Fully Paid Ordinary Shares2.2,000,000 Unlisted Options, exercisable at$0.05 and expiring on 28/06/20293.4,000,000 Performance Rights which vest inthree tranches as follows:3.1 Tranche 1 (400,000 rights)Subject to continued employment:(i)133,334 Performance Rightsto vest one year after the dateof allotment;(ii)133,333 Performance Rightsto vest two years after the dateof allotment; and(iii)133,333 Performance Rightsto vest three years after thedate of allotment.3.2 Tranche 2 (1,600,000 rights)Share price target: $0.06 and continuedemployment:(i)533,334 Performance Rightsto vest one year after the dateof allotment;(ii)533,333 Performance Rightsto vest two years after the dateof allotment; and(iii)533,333 Performance Rightsto vest three years after thedate of allotment.3.3 Tranche 3 (2,000,000 rights)Share price target: $0.12 and tocontinued employment:(i)666,667 Performance Rightsto vest one year after the dateof allotment;(ii)666,667 Performance Rightsto vest two years after the dateof allotment; and(iii)666,666 Performance Rightsto vest three years after thedate of allotment.Strong Alliance Pty Ltd <Day Day Up SuperfundA/C>4.700,000 Fully Paid Ordinary SharesMelissa Ran5.126,358 Fully Paid Ordinary Shares
Class	3.1(i) Ordinary Fully Paid Shares3.2(i) Performance Rights3.3(i) Performance Rights
Number acquired	3.1(i) 133,334
Number disposed	3.2(i) + 3.3(i) 1,200,001

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Value/ConsiderationNote: If consideration is non-cash, provide details and estimatedvaluation

Nil consideration paid.Estimated price per share of $0.011390.

No. of securities held after change

Adam Brimo1.6,764,451 Fully Paid Ordinary Shares2.2,000,000 Unlisted Options, exercisable at$0.05 and expiring on 28/06/20293.2,666,665 Performance Rights which vest inthree tranches as follows:3.1 Tranche 1 (266,666 rights)Subject to continued employment:(i)133,333 Performance Rightsto vest two years after the dateof allotment; and(ii)133,333 Performance Rightsto vest three years after thedate of allotment.3.2 Tranche 2 (1,066,666 rights)Share price target: $0.06 and continuedemployment:(i)533,333 Performance Rightsto vest two years after the dateof allotment; and(ii)533,333 Performance Rightsto vest three years after thedate of allotment.3.3 Tranche 3 (1,333,333 rights)Share price target: $0.12 and tocontinued employment:(i)666,667 Performance Rightsto vest two years after the dateof allotment; and(ii)666,666 Performance Rightsto vest three years after thedate of allotment.Strong Alliance Pty Ltd <Day Day Up SuperfundA/C>4.700,000 Fully Paid Ordinary SharesMelissa Ran5.126,358 Fully Paid Ordinary Shares

• See chapter 19 for defined terms.

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Appendix 3Y Change of Director’s Interest Notice

Nature of change 3.1(i) Exercise of Performance Rights; and Example: on-market trade, off-market trade, exercise of options, issue 3.2(i) + 3.3(i) Lapse of Performance Rights of securities under dividend reinvestment plan, participation in buyback

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 whichinterest related prior to changeNote: Details are only required for a contract inrelation to which the interest has changed	N/A
Interest acquired	N/A
Interest disposed	Nil
Value/ConsiderationNote: If consideration is non-cash, provide detailsand an estimated valuation	N/A
Interest after change	N/A

Part 3 –[+] Closed period

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

• See chapter 19 for defined terms.

Appendix 3Y Page 4

01/01/2011