VINYL GROUP LTD — Capital/Financing Update 2024

Oct 29, 2024

ASX Release

REALWISE EXERCISES FURTHER $0.4M OF VINYL GROUP OPTIONS

HIGHLIGHTS:

• Following the post-market announcements on October 28, RealWise instructed Vinyl Group to exercise a further $ $ 362,376.73 worth of options at 2.1c a share.

• The company has received a total of $1.8M in cash proceeds from option sales over past two days, with a further $1.2M of option funds possible before expiry

Melbourne, Australia , 30 October 2024: Vinyl Group Ltd (ASX: VNL) (“Company”), Australia’s only ASX-listed music company, today announces that RealWise Group Holdings Pty Ltd (“RealWise”) has issued the Company with instruction to exercise a further 17,256,035 options to their maximum allowed creep position of 37.30%, following Monday afternoon’s instruction from Songtradr, Inc (“Songtradr”) to exercise options that resulted in them maintaining their 19.99% ownership position, consistent with the prior conversions by Songtradr in May and July of 2024.

The above conversion and exercise increases the RealWise holding to 441,311,907 ordinary shares or 37.298% of the issued capital of the Company. This increase is in line with item 9 of section 611 of the Corporations Act. After the conversion and exercise, RealWise has retained a principal convertible note balance of $10.08, 52,360,284 vested options and 480 unvested options, that can be converted/exercised for a total of $1,099,586.

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 music creators, fans and brands. 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 1.4M 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. Serenade is a Web3 pioneer of physical and digital collectibles that has served over 200+ global artists. Vinyl Group’s media arm includes Mediaweek, the leading media trade publication in Australia, having built its readership and industry respect over its 33 year history, and The Brag Media, Australia’s largest creator of premium youth content and events and

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

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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