PPK GROUP LIMITED — M&A Activity 2025

Jul 9, 2025

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ASX ANNOUNCEMENT

FOR IMMEDIATE RELEASE TO THE MARKET

PPK Group Limited – ASX Code: PPK

Thursday, 10 July 2025

Merger of White Graphene Limited and BNNT Technology Pty Ltd

PPK Group Limited (ASX: PPK) is pleased to announce the successful merger of two of its subsidiaries White Graphene Limited ( WGL ) and BNNT Technology Pty Ltd ( BNNT ) into a single nanomaterials business.

As part of the transaction, WGL has acquired 100% of the shares in BNNT in exchange for shares in WGL. Following completion of the merger, PPK now directly holds 49.32% of the shares on issue in WGL, versus 48.91% prior to the merger.

The merger was implemented to improve commercial efficiency and obtain operational synergies. Engagements with prospective partners and customers often involve the full suite of boron nitride nanomaterials, and a single point of entry into the group’s nanomaterials capability allows for more streamlined and coordinated discussions. The combination will also deliver governance, audit and overhead efficiencies.

Marc Fenton, Managing Director of PPK, said:

“The merger was a logical step given the complementary nature of the two businesses and the overlap in partner and prospect engagement.”

Authorised by the Board.

For further information contact:

Marc Fenton Managing Director of PPK Group Limited On 07 3054 4500

PPK GROUP LIMITED

ABN: 65 003 964 181

Level 13, 120 Edward St, Brisbane QLD 4000 GPO Box 754, Brisbane Qld 4001 Tel: +61 7 3054 4500 Fax: +61 7 3054 4599