SSH GROUP LTD — Capital/Financing Update 2025

Jul 29, 2025

Appendix 3B - Proposed issue of securities

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Update Summary

Entity name

SSH GROUP LTD

Announcement Type

Update to previous announcement

Date of this announcement

30/7/2025

Reason for update to a previous announcement

The Company is now seeking quotation for the class of options proposed to be issued, pursuant to the Options Prospectus lodged on 4 July 2025.

Refer to next page for full details of the announcement

Appendix 3B - Proposed issue of securities

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Appendix 3B - Proposed issue of securities

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Part 1 - Entity and announcement details

1.1 Name of +Entity

SSH GROUP LTD

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

If the +securities are being offered under a +disclosure document or +PDS and are intended to be quoted on ASX, we also apply for quotation of all of the +securities that may be issued under the +disclosure document or +PDS on the terms set out in Appendix 2A of the ASX Listing Rules (on the understanding that once the final number of +securities issued under the +disclosure document or +PDS is known, in accordance with Listing Rule 3.10.3C, we will complete and lodge with ASX an Appendix 2A online form notifying ASX of their issue and applying for their quotation).

1.2 Registered Number Type

Registration Number

ABN 79140110130

1.3 ASX issuer code

SSH

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

The Company is now seeking quotation for the class of options proposed to be issued, pursuant to the Options Prospectus lodged on 4 July 2025.

1.4b Date of previous announcement to this update

12/6/2025

1.5 Date of this announcement

30/7/2025

1.6 The Proposed issue is:

A placement or other type of issue

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Appendix 3B - Proposed issue of securities

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 Do any external approvals need to be obtained or other conditions satisfied before the placement or other type of issue can proceed on an unconditional basis? Yes 7A.1a Conditions

Approval/Condition Date for determination Is the date estimated or ** Approval actual? received/condition met? +Security holder approval 31/7/2025 Actual

Comments

Approval for free-attaching placement options and broker options as detailed in the ASX release dated 12 June 2025.

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? New class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ISIN Code (if Issuer is a foreign company and +securities do not have +CDIs issued over them)

Have you received confirmation from Will the entity be seeking quotation ASX that the terms of the proposed of the 'new' class of +securities on +securities are appropriate and ASX? equitable under listing rule 6.1? No No ASX +security code +Security description New class-code to be confirmed OPTION EXPIRING 2 YEARS FROM ISSUE EX $0.25

+Security type

Options

Number of +securities proposed to be issued

18,095,238

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Appendix 3B - Proposed issue of securities

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Offer price details

Are the +securities proposed to be issued being issued for a cash consideration? No

Please describe the consideration being provided for the +securities

13,095,238 free-attaching options to the placement shares and 5,000,000 lead manager options to be issued to GTT Ventures Pty Ltd and Taurus Capital for facilitating the placement.

Ventures Pty Ltd and Taurus Capital for facilitating the placement.
Please provide an estimate of the AUD equivalent of the consideration being
provided for the +securities
0.000010
Will all the +securities issued in this class rank equally in all respects from
their issue date?
Yes
Options details
+Security currency Exercise price	Expiry date
AUD - Australian Dollar AUD 0.2500	15/8/2027
Details of the type of +security that will be issued if the option is exercised
SSH : ORDINARY FULLY PAID
Number of securities that will be issued if the option is exercised
1 option to 1 fully paid ordinary shares
Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities
proposed to be issued or provide the information by separate announcement.

Part 7C - Timetable

7C.1 Proposed +issue date

6/8/2025

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the entire issue under listing rule 7.1? Yes

7D.1a Date of meeting or proposed meeting to approve the issue under listing rule 7.1 31/7/2025

7D.2 Is a party referred to in listing rule 10.11 participating in the proposed issue? Yes

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules?

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No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? Yes

7E.1a Who is the lead manager/broker?

GTT Ventures Pty Ltd and Taurus Capital.

7E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

A placement fee of 6% and, subject to shareholder approval, 5,000,000 lead manager options on the same terms and conditions as the Placement Options.

7E.2 Is the proposed issue to be underwritten? No

7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue

Part 7F - Further Information

7F.01 The purpose(s) for which the entity is issuing the securities

13,095,238 free-attaching options to the placement shares and 5,000,000 lead manager options to be issued to GTT Ventures Pty Ltd and Taurus Capital for facilitating the placement.

7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No

7F.2 Any other information the entity wishes to provide about the proposed issue

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