Capital RaisingThe capital raising has been structured as a...

Capital Raising
The capital raising has been structured as a fully underwritten pro rata accelerated renounceable
entitlement offer with retail rights trading; which is consistent with Costa’s 2019 equity raising
structure. The “PAITREO” structure provides all eligible shareholders a pro rata opportunity to
participate and the potential to realise value for their entitlement.
Under the Entitlement Offer, eligible shareholders are invited to subscribe for 1 New Share for every
6.33 existing shares held on the record date of 7.00pm on Monday, 28 June 2021, at a price of $3.00
per New Share (the “Offer Price”).
The Offer Price represents a 10.3% discount to the theoretical ex rights price (“TERP”) of $3.35.
The total number of New Shares to be issued under the Entitlement Offer is estimated to be
approximately 63 million, representing 15.8% of existing shares on issue.
The Entitlement Offer includes two components, an Institutional Entitlement Offer and Retail
Entitlement Offer. The key dates of each component of the Entitlement Offer are set out in the
below timetable.
New Shares issued will rank pari passu with existing shares on issue.
All directors have expressed their intention to take-up their entitlements.