TOUCH VENTURES LIMITED — AGM Information 2025

May 28, 2025

29 May 2025

ASX ANNOUNCEMENT

2025 Annual General Meeting Presentation

Touch Ventures Limited ( Touch Ventures or the Company ) attaches a presentation given by Director Glenn Poswell at the Company's 2025 Annual General Meeting, in relation to the Company's investments in Tixel and Reshop.

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This announcement has been authorised for release to the ASX by the Touch Ventures Board of Directors.

Contact details

For further information, please visit our investor website https://investors.touchventures.com or contact Investor Relations at investors@touchventures.com

Important Notice

Touch Ventures Limited ACN 612 559 958 (ASX: TVL) has prepared the information in this announcement. This announcement has been prepared for the purposes of providing general information only. It does not constitute an offer, invitation, solicitation or recommendation regarding the purchase or sale of any securities in TVL, nor does it constitute a financial product or investment advice, nor take into account your investment, objectives, taxation situation, or financial situation or needs. Any investor must not act based on any matter contained in this announcement in making an investment decision but must make its own assessment of TVL and conduct its own investigations and analysis. Past performance is not a reliable indicator of future performance.

8 O'Brien Street Bondi Beach NSW 2026 ABN 96 612 559 95 8

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ANNUAL GENERAL MEETING May 2025

NET TANGIBLE ASSET (NTA)

• At 30 April 2025 Touch Ventures had a net asset value of $83.6m (11.8c per share)[1] , comprising of:

• $44.9m cash and other assets (6.3c per share)[2] ; and

• $38.7m portfolio value (5.5c per share)

• $15.5m capital deployed over the past 9 months

• New investments in Reshop and Tixel

NTA break-down (April 2025)

NTA per share break-down (April 2025)

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1. NTA figures are unaudited and no adjustments have been made for future exercises of options or performance rights, future tax liabilities/benefits or end of period accounting adjustments.

2. Cash and other includes $44.7 million in cash and term deposits, and $0.2 million of other working capital items.

3. Closing TVL share price as at 30 April 2025

COLLABORATION & PARTNERSHIP WITH GANNET CAPITAL

Following a highly collaborative ~15 months, Touch Ventures Limited has invested in 2 new opportunities

Background

• Gannet Capital is a privately owned, boutique investment management company founded in 2010

• Gannet and associates became a significant shareholder of Touch Ventures Limited (TVL) in January 2024 and currently holds a 19.09% position in the Company

• Shortly after, Glenn Poswell was appointed as a nonexecutive director of TVL

Sourcing & Deal Flow

• A key value proposition that Gannet has brought to the Company has been its ability to source unique and compelling deal flow

• In the second half of 2024, the Company made two exciting new investments:

  • Tixel Pty Ltd

• Over this period, Gannet has been highly engaged and collaborated closely with the Board and investment team

• Reshop Limited

Operations

Management Agreement

• Following his appointment as Director, Mr Poswell undertook a review of the operational structure of the Company, the investment processes and the existing investment portfolio

• In consultation with Mr w ’ B subsequently implemented several changes to the operational structure of the Company

• The TVL Directors who are independent of Gannet unanimously supported the new Management Agreement with Gannet

• w ’ management and expertise of the Gannet team, while better aligning the long-term interests of Gannet with TVL shareholders

• Subsequent to these changes being finalised, 2H24 saw a 49% decrease in operating expenses on the prior year

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PORTFOLIO UPDATE: RESHOP

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Reshop’s refund solution drives incremental revenue to retailers and better outcomes for consumers Business Summary High Quality Merchant Partnerships

• Launched in 2024, Reshop is a US retail technology company on a mission to make returns more valuable for shoppers and retailers

• Backed by Afterpay co-founders Anthony Eisen (announced as Reshop CEO in January) and Nick Molnar, and highly influential US venture investors, including Matrix Partners, Sound Ventures, Mantis VC and Woodson Capital

• Reshop currently offers instant refunds, giving customers greater visibility and confidence to shop again

• ➢ Over time, this will build into a broader platform offering with multiple channels for monetisation

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• Feedback from early partners suggests Reshop is increasing repurchase rates for retailers, reducing customer service costs and reducing time to repurchase, whilst providing a great customer experience

Investment Date	December 2024
Amount Invested	US$6.6m
Carrying Value (30 April 2025)	US$6.6m (12.3% of NAV)
Ownership Interest	9.7%
Stage	Early-stage
Deal Source	Gannet Capital

Authentic Brands Group Partnership Initial Brands

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PORTFOLIO UPDATE: RESHOP (CONT.)

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Reshop’s refund solution drives incremental revenue to retailers and better outcomes for consumers

Investment Thesis

• ✓ Exceptional team with unrivalled track record of hyper-scaling US retail technology companies

Recent Highlights

  - ✓ **Strategic partnership with Authentic Brands Group** announced in May 2025

• Reshop has assembled a top-tier team to support its aggressive go-to-market strategy

• ✓ Solving large and growing problems that other atscale players are not focusing on

• US$685bn in total returns for the retail industry in 2024, with ~13% of all purchases being sent back[1 ]

• 1 reason for customer service calls to a merchant – asking about their refund[2 ]

• Online sales are increasing as a proportion of total retail sales, driving total return rates higher

✓ Unique industry access to top US brands and US

• market playbook provides unparallelled go-to-market advantage

• Leading US-based global lifestyle fashion group with US$32bn+ global retail sales across 50+ brands operating in 150+ countries

• Reshop to be the instant refund provider for brands within the portfolio with a phased rollout

• ✓ Progress in expanding go-to-market strategy and new products

• ✓ In discussions with Return Management Service providers to explore potential integration partners that would enhance merchant distribution strategy

• ✓ Strong balance sheet with the completion of its ~US$17m equity funding round in December

✓ Strong experience building consumer networks ,

• influencing new behaviours and managing consumer risk

• ✓ Encouraging initial traction and feedback – Reshop seeing half of its customers repurchase at the original merchant, and quickly

✓ Two-sided value network drives network effects at

✓ Building talented team

scale, creating large barriers to entry

1. Appriss “ I ”

2. YM ( F b ) “Refunds, Right Now. Reshop Targets Gen Z and Millennial Shopping Pain Points”

PORTFOLIO UPDATE: TIXEL

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Tixel is a live entertainment ticket resale platform, helping fans to buy or sell tickets for live events Business summary Selected Partnered Event Organisers

• F M b ’ leading live entertainment ticket resale platforms

• Led by founders Zac Leigh, Jason Webb, and Denis Mysenko

• Helps fans buy or sell tickets for live events including concerts, music festivals, theatre and sporting matches, ensuring a secure, trusted and fair ticketing experience

• Millions of registered users and counts an impressive b ’ v v v musicians, and promoters amongst its customer roster

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Burning Man

• Tixel partners with event organisers, enabling them to offer a reliable and fan-friendly resale strategy

Quarterly Gross Revenue

Investment Date	December 2024
Amount Invested	$4.9m
Carrying Value (30 April 2025)	$4.9m (5.9% of NAV)
Stage	Growth
Deal Source	Gannet Capital

1Q CY-22

1Q CY-25

PORTFOLIO UPDATE: TIXEL (CONT.)

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Tixel is a live entertainment ticket resale platform, helping fans to buy or sell tickets for live events

Investment Thesis

• ✓ Huge market opportunity to support sustained high growth , with live event ticket sales in the US, UK, and Australia worth ~US$59B annually, growing to ~US$66B by 2028[1]

• ✓ High margin, globally scalable business model with fantastic unit economics

• ✓ Track record of capital efficient growth supported by ecosystem partnerships with event organisers, venues and primary ticketing companies

• ✓ Strong competitive position and brand as the #1 ticket resale platform in Australia, rapidly expanding in the UK and the US

• ✓ Building substantial network effects , demonstrated by majority of repeat users engaging as both buyers and sellers, and inbound demand for services from event organisers

Recent Highlights

  - ✓ Positive UK and EU momentum in Q1 2025, with new partnerships signed and strong inbound momentum with global brands

  - ✓ Progressed US sales pipeline and primary ticketing partnerships

     - Chosen to be the exclusive resale partner for worldrenowned festival, **Burning Man** , in 2025 – a landmark ’  U

  - ✓ Strong balance sheet with the completion of its ~$8m round in 2024

  - ✓ ’                                        v organiser problems, with substantial inbound interest Tixel is fielding from event organisers and artists

• Years of cultivated ecosystem partnerships with organisers, venues, and primary ticketing companies

• ✓ Great customer experience differentiates Tixel from its competitors

• Eliminates scalping and fraud, boosting fan confidence and organiser revenue, while providing a clear value proposition to customers – why Tixel is loved by fans

• Source: Statista

DISCLAIMER

b b (“ ”) B neral background b ’ v v rm and does not purport to be complete. Information in this presentation, including forecast financial information should not be considered as advice or a recommendation to investors or potential investors and does not take into account investment objectives, financial situation or needs of any particular investor. These should be considered, with or without professional advice when deciding if an investment is appropriate. Persons needing advice should consult their stockbroker, solicitor, accountant or other independent financial advisor.

The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about and observe such restrictions.

This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction in contravention of applicable law.

Certain statements made in this presentation are forward-looking statements. These forward-looking statements are not historical facts but b ’ j b w s operates, and b W " ” " ” " " " ” "b v ” " k ” " ” imilar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors, some of which are beyond the control of Touch Ventures, are difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward- looking statements. Touch Ventures cautions investors and potential investors not to place undue reliance on these forward-looking statements, which reflect the view of Touch Ventures only as of the date of this presentation. The forward-looking statements made in this presentation relate only to events as of the date on which the statements are made. Touch Ventures will not undertake any obligation to release publicly any revisions or updates to these forward-looking statements to reflect events, circumstances or unanticipated events occurring after the date of this presentation except as required by law or by any appropriate regulatory authority.

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