SERVICE STREAM LIMITED — Capital/Financing Update 2021

Aug 11, 2021

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ASX Announcement

12 August 2021

SERVICE STREAM COMPLETES RETAIL COMPONENT OF ENTITLEMENT OFFER

Leading essential network services company Service Stream Limited (ASX: SSM ) is pleased to announce the successful completion of the retail component of its 1 for 3 pro rata accelerated non-renounceable entitlement offer ( Entitlement Offer ) of new shares in Service Stream ( New Shares ), details of which were announced to the ASX on Wednesday, 21 July 2021.

The retail component of the Entitlement Offer ( Retail Entitlement Offer ) closed at 5.00pm (Sydney time) on Monday, 9 August 2021 and raised a total of approximately $55 million. The total amount raised under the placement and the Entitlement Offer (together, the Offer ) is approximately $185 million.

The Retail Entitlement Offer saw strong support. A total of 3,002 valid applications for retail entitlements were received for approximately 22.8 million New Shares equating to approximately $20.5 million, representing a take up rate by eligible retail shareholders of approximately 38%. In addition, applications accepted under the retail oversubscription facility totaled approximately $7.5 million, increasing the total take-up from eligible retail shareholders to approximately $28.0 million (representing a total take up rate by eligible retail shareholders of 51%).

The approximate 29.7 million New Shares that were not taken up under the Retail Entitlement Offer will be allotted to sub-underwriters of the Retail Entitlement Offer.

Approximately 60.8 million New Shares to be issued under the Retail Entitlement Offer are expected to be allotted on Monday, 16 August 2021 and will trade on the ASX on a normal settlement basis on Tuesday, 17 August 2021. New Shares issued under the Retail Entitlement Offer will rank equally with existing Service Stream shares as at their date of issue. Holding statements are expected to be despatched on Tuesday, 17 August 2021.

Investor Enquires

The Retail Entitlement Offer opened on Tuesday, 27 July 2021 and closed at 5.00pm (Sydney time) on Monday, 9 August 2021.

Further information regarding the Retail Entitlement Offer is contained in the investor presentation released to the ASX on Wednesday, 21 July 2021 ( Investor Presentation ) and the Retail Entitlement Offer booklet released to the ASX on Tuesday, 27 July 2021 ( Retail Offer Booklet ).

For and on behalf of Service Stream

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Chris Chapman Company Secretary

This document has been authorised for release by the Board of Directors.

SERVICE STREAM LIMITED ABN 46 072 369 870

HEAD OFFICE Level 4, 357 Collins Street, Melbourne VIC 3000 | Mailing Address: PO Box 14570 Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E info@servicestream.com.au | www.servicestream.com.au

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Important notices

This announcement has been prepared for publication in Australia and may not be released or distributed in the United States. This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933 and may not be offered or sold in the United States except in transactions exempt from, or not subject to, the registration of the US Securities Act and applicable US state securities laws.

This announcement is not financial product or investment advice, a recommendation to acquire SSM shares or accounting, legal or tax advice. It has been prepared without taking into account the objectives, financial or tax situation or needs of individuals. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial and tax situation and needs and seek appropriate legal and taxation advice.

About Service Stream Limited:

Service Stream is a public company listed on the Australian Securities Exchange (Code: SSM). Service Stream is a provider of essential network services to the telecommunications and utility sectors. Service Stream operates across all estates and territories, has a workforce in excess of 2,200 employees and access to a pool of over 3,000 specialist contractors. For more information visit www.servicestream.com.au

SERVICE STREAM LIMITED ABN 46 072 369 870

HEAD OFFICE Level 4, 357 Collins Street, Melbourne VIC 3000 | Mailing Address: PO Box 14570 Melbourne VIC 8001 T +61 3 9677 8888 | F +61 3 9677 8877 | E info@servicestream.com.au | www.servicestream.com.au