WISEWAY GROUP LIMITED — Capital/Financing Update 2024

Nov 13, 2024

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14th November 2024

ASX Announcement

Wiseway Group Limited ABN 26 624 909 682

Registered office: 39-43 Warren Avenue BANKSTOWN NSW 2200 T: +61 2 9790 7888

Facility Increase and Extension

Wiseway Group Limited (ASX: WWG, “ Wiseway ’’, or “ the Group ”), one of Australia’s leading integrated freight and logistics operators, is pleased to announce an extension of its financing arrangement with National Australia Bank, with an additional $3 million term facility now made available on top of the existing $8 million facility. This brings the total facility to $11.1 million.

Reflecting Wiseway’s continued improvement in financial performance, the interest rate on the full facility has been reset to a lower rate, approximately 90 bps below the previous level. This adjustment demonstrates the confidence our financing partner has in Wiseway’s strengthening position and long-term stability.

The maturity date of the facility has also been extended to the end of October 2028, providing the Company with enhanced financial flexibility to support ongoing growth.

The facility is secured against the Group’s assets and it’s Chipping Norton property that was purchased in 2019 for $10.75m and carried at cost in the financial statements. Bank valuation indicate a current market value of $18.6m.

The additional funding will be directed toward working capital requirements, particularly in support of the Group’s Imports division, which is projected to achieve over 50% revenue growth for the first half of FY2025. Imports services are currently focused on handling and customs clearance, and presents further potential expand into arranging incoming freight.

This facility extension and favorable terms mark another step forward in Wiseway’s strategy to support its growth trajectory, enabling the Company to capitalize on emerging opportunities and continue delivering value for shareholders.

Authorised for release by the Board of Directors of Wiseway Group Limited.

Ends

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For further information, please contact:

Investor enquiries Media enquiries Ken Tong Ken Tong Chief Operating Officer E: Chief Operating Officer investors@wiseway.com.au E: media@wiseway.com.au

About Wiseway Group Limited (the Company)

Wiseway (ASX: WWG) is a leading provider of integrated logistics solutions, with a global network of strategically located warehouses and facilities and a large modern fleet of trucks, aircraft and delivery vehicles.

Established in 2005 to serve the growing Australia-Asia Pacific trade industry, Wiseway has grown to become one of the top three outbound air freight logistics providers in Australia. With multiple strategically located operation hubs in Australia, the US, and the Asia Pacific, the Company provides its large base of domestic and international customers with specialist cross-border logistics services including air freight, sea freight, import, domestic transportation, warehousing, and customs clearance.

For more information, please visit www.wiseway.com.au

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