VINYL GROUP LTD — Capital/Financing Update 2024

Dec 16, 2024

Appendix 3B - Proposed issue of securities

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Update Summary Entity name VINYL GROUP LTD Announcement Type Update to previous announcement Date of this announcement 17/12/2024 Reason for update to a previous announcement Correction to allotment of retail offer date Refer to next page for full details of the announcement

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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

VINYL 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 15106513580

1.3 ASX issuer code

VNL

1.4 The announcement is

Update/amendment to previous announcement

1.4a Reason for update to a previous announcement

Correction to allotment of retail offer date

1.4b Date of previous announcement to this update

17/12/2024

1.5 Date of this announcement

17/12/2024

1.6 The Proposed issue is:

An accelerated offer

1.6b The proposed accelerated offer is

Accelerated non-renounceable entitlement offer (commonly known as a JUMBO or ANREO)

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Appendix 3B - Proposed issue of securities

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 Do any external approvals need to be obtained or other conditions satisfied before the entitlement offer can proceed on an unconditional basis? No

Part 3B - Offer details

+Class or classes of +securities that will participate in the proposed issue and +class or classes of +securities proposed to be issued

ASX +security code and description

VNL : ORDINARY FULLY PAID

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)? Existing class

Will the proposed issue of this If the entity has quoted company +security include an offer of options, do the terms entitle option attaching +securities? holders to participate on exercise? No No

Details of +securities proposed to be issued

ASX +security code and description

VNL : ORDINARY FULLY PAID

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

ISIN Code for the entitlement or right to participate in the offer (if Issuer is foreign company and +securities do not have +CDIs issued over them)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued) Has the offer ratio been determined? Yes The quantity of additional +securities For a given quantity of +securities to be issued held 10 155 What will be done with fractional Maximum number of +securities entitlements? proposed to be issued (subject to

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Appendix 3B - Proposed issue of securities

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rounding)

Fractions rounded down to the nearest 76,444,994 whole number or fractions disregarded

Offer price details for retail security holders

Has the offer price for the retail offer been determined?

Yes

In what currency will the offer be What is the offer price per +security made? for the retail offer? AUD - Australian Dollar AUD 0.10000

Offer price details for institutional security holders

Has the offer price for the institutional offer been determined?

Yes

In what currency will the offer be What is the offer price per +security made? for the institutional offer? AUD 0.10000

AUD - Australian Dollar

Oversubscription & Scale back details

Will individual +security holders be permitted to apply for more than their entitlement (i.e. to over-subscribe)?

Yes

Describe the limits on over-subscription

Over subscriptions accepted unless they exceed takeover provision levels

Will a scale back be applied if the offer is over-subscribed? Yes

Describe the scale back arrangements

The Company may scale-back Applications for Additional Shares in its absolute discretion. In particular, the Company may scale-back Applications for Additional Shares if the allotment of Additional Shares would result in a Shareholder holding a relevant interest¿ (as that term is defined in the Corporations Act) in 20% or more of the Shares on issue.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 3D - Timetable

3D.1a First day of trading halt

17/12/2024

3D.1b Announcement date of accelerated offer

17/12/2024

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3D.2 Trading resumes on an ex-entitlement basis (ex date)

19/12/2024

3D.5 Date offer will be made to eligible institutional +security holders

17/12/2024

3D.6 Application closing date for institutional +security holders

18/12/2024

3D.8 Announcement of results of institutional offer

(The announcement should be made before the resumption of trading following the trading halt)

19/12/2024

3D.9 +Record date

19/12/2024

3D.10a Settlement date of new +securities issued under institutional entitlement offer

24/12/2024

3D.10b +Issue date for institutional +security holders

27/12/2024

3D.10c Normal trading of new +securities issued under institutional entitlement offer

30/12/2024

3D.11 Date on which offer documents will be sent to retail +security holders entitled to participate in the +pro rata issue

24/12/2024

3D.12 Offer closing date for retail +security holders

15/1/2025

3D.13 Last day to extend retail offer close date

10/1/2025

3D.19 +Issue date for retail +security holders and last day for entity to announce results of retail offer

21/1/2025

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? Yes

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3E.1a Who is the lead manager/broker?

Peloton Capital

3E.1b What fee, commission or other consideration is payable to them for acting as lead manager/broker?

2% Management fee for the total amount of the Entitlements offer. 2 million options exercisable at the Entitlements Offer price

3E.2 Is the proposed offer to be underwritten? Yes

3E.2a Who are the underwriter(s)?

Peloton Capital

3E.2b What is the extent of the underwriting (ie the amount or proportion of the offer that is underwritten)?

The Offer is fully underwritten

3E.2c What fees, commissions or other consideration are payable to them for acting as underwriter(s)?

4% underwriting fee on up to $3.389M of the Offer 3E.2d Please provide a summary of the significant events that could lead to the underwriting being terminated An event of material default under the Engagement as listed in the investor presentation Appendix A. 3E.2e Is a party referred to in listing rule 10.11 underwriting or sub-underwriting the proposed offer? No 3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

Part 3F - Further Information

3F.1 The purpose(s) for which the entity intends to use the cash raised by the proposed issue

To facilitate the acquisition of Concrete Playground Pty Ltd, replenish cash reserves for the acquisitions of Mediaweek and Funkified Entertainment and working capital for the above.

3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No 3F.4 Countries in which the entity has +security holders who will not be eligible to participate in the proposed issue All countries except Australia and New Zealand will not be able to participate. 3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities No

3F.6 URL on the entity's website where investors can download information about the proposed issue

https://investors.vinyl.group

3F.7 Any other information the entity wishes to provide about the proposed issue

3F.8 Will the offer of rights under the rights issue be made under a +disclosure document or product disclosure statement under Chapter 6D or Part 7.9 of the Corporations Act (as applicable)? No

3F.9 Any on-sale of the +securities proposed to be issued within 12 months of their date of issue will comply with

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Appendix 3B - Proposed issue of securities

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the secondary sale provisions in sections 707(3) and 1012C(6) of the Corporations Act by virtue of: The publication of a cleansing notice under section 708A(5), 708AA(2)(f), 1012DA(5) or 1012DAA(2)(f)

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