VINYL GROUP LTD — Capital/Financing Update 2024

Dec 16, 2024

ASX Release

NOTICE UNDER SECTION 708AA(2)(f) OF THE CORPORATIONS ACT 2001 (CTH) (“CORPORATIONS ACT”)

Melbourne, Australia , 17 December 2024: Vinyl Group Ltd (ASX: VNL), Australia’s only ASX-listed music Company, today gives notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth) (“Act”) as modified by Australian Securities and Investments Commission (ASIC) Corporations (Non-Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73.

On Tuesday, 17 December 2024, the Company announced a fully underwritten pro rata accelerated non-renounceable entitlement offer of 1 new share in the Company (New Share) for every 15.5 Shares held by eligible shareholders at 5pm (Perth time) on the record date of Thursday, 19 December 2024 to raise approximately A$7.645 million (before costs) (Entitlement Offer).

In connection with the New Shares to be issued pursuant to the Entitlement Offer, the Company confirms:

• 1) the New Shares will be offered for issue without disclosure to investors under Part 6D.2 of the Act;

• 2) this notice is being given under section 708AA(2)(f) of the Act;

• 3) as at the date of this notice, the Company has complied with:

• a) the provisions of Chapter 2M of the Act as they apply to the Company;

• b) and sections 674 and 674A of the Act;

• 4) there is no 'excluded information of the type referred to in sections 708AA(8) and 708AA(9) of the Act;

• 5) the potential effect that the issue of the New Shares will have on the control of the Company, and the consequences of that effect, will depend on a number of factors, including investor demand and existing shareholdings. However, given:

• a) the size and pricing of the Entitlement Offer (the number of New Shares to be issued pursuant to the Entitlement Offer is ~76.5 million New Shares and the total number of Shares on issue at completion of the Entitlement Offer will be ~1.274 billion Shares;

• b) the structure of the Entitlement Offer as a pro rata issue (for further details, see the Company's announcement dated 17 December 2024 announcing the Entitlement Offer);

• c) and the current level of holdings of substantial holdings,

the Company does not expect that the Entitlement Offer will have a material effect on the control of the Company and, as such, does not expect any material consequences to flow from that.

Vinyl Group Ltd | 11 Wilson Street, South Yarra VIC 3141 | ABN 15 106 513 580 | ASX: VNL

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Authorisation and Additional Information:

This announcement was authorised by the Board of Vinyl Group Ltd

Vinyl Group Investor Relations: E: investors@vinyl.group

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ABOUT VINYL GROUP

Vinyl Group is the heartbeat of an equitable music world, providing tech solutions that connect and give credit to the creator economy. The Company’s diverse portfolio has touchpoints across all corners of the global music ecosystem, empowering everyone from creators to consumers. Vinyl.com offers a world-class ecommerce experience including over 50K titles for fans to support their favourite artists. Vampr is a leading dedicated social-professional networking platform and talent marketplace, allowing 1.3M creators to discover collaborators and monetise their work in over 180 countries. Jaxsta is the world’s largest and only database of official music credits with over 380M verified credits to streamline revenue opportunities for businesses in the music industry. The Brag Media is Australia’s largest creator of premium youth content and events and publishes iconic titles including Rolling Stone AU/NZ, Variety Australia, TheBrag.com, The Music Network, Tone Deaf, and more.

Vinyl Group Ltd | 11 Wilson Street, South Yarra VIC 3141 | ABN 15 106 513 580 | ASX: VNL