SGH LIMITED — Capital/Financing Update 2021

May 19, 2021

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NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

20 May 2021

Seven Group Holdings announces successful completion of share purchase plan

Seven Group Holdings Limited (ASX: SVW) (" SGH ") SGH is pleased to announce that the Share Purchase Plan (“ SPP” ) announced on 19 April 2021 has successfully completed today, raising approximately $33.14 million. A total of 1,680,710 new fully paid ordinary shares are expected to be issued (“ SPP Shares ”). This follows SGH’s successful $500 million underwritten institutional placement, the outcome of which was announced on 20 April 2021 (“ Placement ”)

SGH received valid applications from 2,164 shareholders. The average application amount was $15,314.

The issue price for the SPP Shares is $19.73, being a 2.5% discount to the volume weighted average price of SGH's shares traded on ASX during the five trading days up to, and including, the SPP closing date of Monday 17 May 2021, rounded to the nearest cent.

In total, SGH has raised approximately $533.14 million, consisting of $500 million through the Placement and approximately $33.14 million through the SPP. The funds will enable SGH to reduce overall net debt, restore balance sheet flexibility to allow SGH to support portfolio growth opportunities and improve liquidity.

The SPP Shares are expected to be issued on Tuesday, 25 May 2021 and to commence trading on ASX on Wednesday, 26 May 2021. Holding statements are expected to be dispatched to successful applicants on Thursday, 27 May 2021. Once issued, SPP Shares will rank equally with existing ordinary shares in SGH.

Shareholders with questions in relation to the SPP may contact the SGH Registry from 8.30am to 5.00pm (Sydney time) Monday to Friday on 1800 655 443 (callers within Australia) or +61 2 9290 9897 (callers outside Australia).

This release has been authorised to be given to ASX by the Board of Seven Group Holdings Limited.

Ends.

For more information:

Media contacts and details: Lauren Thompson +61 438 954 729 / Courtney Howe +61 404 310 364

Important notice

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES

The distribution of this announcement in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws. In particular, this announcement may not be distributed or released in the United States.

This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction to which such an offer would be illegal. The SPP Shares have not been, and will not be, registered under the U.S. Securities Act of 1933 as amended or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States or to any person acting for the account or benefit of a person in the United States (to the extent such person is acting for the account or benefit of a person in the United States).

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Seven Group Holdings Limited | A BN 46 142 003 469 Level 30, 175 Liverpool Street, Sydney NSW 2000 | Postal Address: PO Box 745, Darlinghurst NSW 1300| T elephone +61 2 8777 7574