PLAYSIDE STUDIOS LIMITED — Capital/Financing Update 2025

Sep 4, 2025

PlaySide Studios Limited ACN 154 789 554 75 Crockford Street Port Melbourne VIC 3207 Ph +61 407 880 693

==> picture [69 x 21] intentionally omitted <==

5 September 2025

The Manager Company Announcements Office ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000

PlaySide Completes Share Purchase Plan

PlaySide Studios Limited (ASX: PLY) ( PlaySide or Company ) is pleased to confirm the completion of its Share Purchase Plan ( SPP ) (as announced on 28 July 2025 and extended on 12 August 2025).

The SPP offer closed on 2 September 2025 and raised $1.825 million and will result in 9,125,000 fully paid ordinary shares being issued on 8 September 2025. The SPP Shares will rank equally with existing PLY shares on issue from their date of issue, with the proceeds from the SPP to be used to strengthen the balance sheet and help fund marketing activities associated with its planned gaming launches in FY26.

This followed the successful completion of a $6.47 million (gross) private placement to sophisticated and professional investors on 25 July 2025 and a further conditional placement of $0.13 million to two of the Directors of PLY (or entities they control), subject to approval at the Annual General Meeting of the Company to be held on 22 October 2025 (together, the Placement).

The issue price under both the SPP and the Placement was consistent at $0.20 per share.

The trading of New Shares issued under the SPP is expected to commence on 8 September 2025 and holding statements are expected to be despatched to participating eligible shareholders on 11 September 2025.

Authorised by the Company Secretary

Darren Briggs Company Secretary