Opthea Ltd — Capital/Financing Update 2024

Jun 11, 2024

Market Announcement

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12 June 2024

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Opthea Limited (ASX: OPT) – Trading Halt

Description

The securities of Opthea Limited (‘OPT’) will be placed in trading halt at the request of OPT, pending it releasing an announcement regarding the outcome of the institutional component of the accelerated entitlement offer. Unless ASX decides otherwise, the securities will remain in trading halt until the commencement of normal trading on Friday, 14 June 2024.

Issued by

ASX Compliance

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

12 June 2024 ASX Limited

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12 June 2024

Mr Jonathan Bisset Senior Adviser, Listings Compliance (Melbourne) ASX Compliance Pty Ltd 525 Collins Street North Tower Level 4 Melbourne VIC 3000

By email : jonathan.bisset@asx.com.au tradinghaltsmelbourne@asx.com.au

Dear Jonathan

Opthea Limited (ASX: OPT)

Request for Trading Halt

Pursuant to Listing Rule 17.1, Opthea Limited (ACN 006 340 567) ( Opthea ) requests an immediate trading halt in its quoted securities (ASX Code: OPT), to apply from the open of trading today, Wednesday, 12 June 2024.

The trading halt is requested for the purposes of undertaking a proposed equity raising comprising a prorata accelerated non-renounceable entitlement offer ( Entitlement Offer ) and a placement to institutional investors ( Placement ).

In accordance with Listing Rule 17.1, Opthea provides the following information:

• the trading halt is requested pending the release of an announcement by Opthea in relation to the proposed equity raising;

• Opthea requests that the trading halt remain in place until the earlier of a further announcement to the market by Opthea in relation to completion of the institutional component of the Entitlement Offer and Placement or the commencement of trading on Friday, 14 June 2024; and

• Opthea is not aware of any reason why the trading halt should not be granted or of any other information necessary to inform the market about the trading halt.

Yours sincerely

Karen Adams

Company Secretary

Opthea Limited, Suite 0403, Level 4, 650 Chapel Street, South Yarra, Victoria 3141, Australia A.C.N. 006 340 567 l Telephone: +61 3 9826 0399 l Website: www.opthea.com