WISEWAY GROUP LIMITED — Capital/Financing Update 2022

Jun 7, 2022

8 June 2022

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Wiseway Group Limited ABN 26 624 909 682

Registered office: 39-43 Warren Avenue BANKSTOWN NSW 2200 T: +612 9790 7888

ASX Announcement: Close of Entitlement Offer & Subscriptions

Wiseway Group Limited (ACN 624 909 682) ( ASX:WWG ) ( Wiseway or the Company ) refers to the pro-rata non-renounceable offer of four (4) fully paid ordinary shares in the capital of the Company ( Shares ) for every twenty-five (25) Shares held by eligible shareholders ( Entitlement Offer ) made pursuant to the prospectus dated 17 May 2022, as supplemented by the supplementary prospectus dated 30 May 2022 ( Prospectus ).

The Company advises that the Entitlement Offer closed at 5.00pm (AEST) on Friday, 3 June 2022.

The Company received applications to subscribe for 12,244,307 new Shares from eligible shareholders under the Entitlement Offer and 295,056 additional new Shares under the Shortfall Facility[1] to raise a total of approximately $2.1 million. This represents approximately 54% of all the Shares offered under the Entitlement Offer.

The Company advises that the results of the Entitlement Offer are as follows:

Total number of Shares offered under the Entitlement Offer	23,075,103 Shares
Total number of Shares applied for by eligible shareholders under	12,539,363 Shares
the Entitlement Offer (including those Shareholders subscribing for
additional Shares in excess of their entitlements under the Shortfall
Facility as defined in the Supplementary Prospectus2)
Shortfall	10,535,740 Shares

The Entitlement Offer is partially underwritten subject to certain terms and conditions by Regnans Capital Pty Ltd ( Regnans ) and SG Hiscock & Company Limited ( SG Hiscock ) pursuant to the underwriting agreement dated 17 May 2022 ( Underwriting Agreement ). Regnans will subscribe for a total of 10,535,740 ( Underwritten Shares ) in accordance with the Underwriting Agreement, the terms of which are summarised in section 7.7 of the Prospectus. The Underwritten Shares are expected to be issued to Regnans on 10 June 2022 and will commence trading on a normal settlement basis on 13 June 2022.

This announcement has been authorised for release by the Board of Directors.

Enquiries

Any enquiries regarding the Entitlement Offer should be directed to:

Investor Inquiries	Media Enquiries
Florence Tong	Richard Martin
Executive Chair & Managing Director	Symbol Strategic Communications
E: admin@wiseway.com.au	E: Wiseway@symbolstrategic.com.au

1 This excludes the applications of 336,604 new Shares under the Shortfall Facility from a related party of the Company regarding which no new Shares will be issued due to the restrictions under Listing Rule 10.11.

2 See note 1 above.

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