Ann: Redflow undertakes capital raising to deliver on growth, page-5

Entitlement Offer details

Under the Entitlement Offer, eligible Redflow shareholders may apply for one new share for every two fully paid ordinary shares in the Company held at 7.00pm AEST on Wednesday 14 June 2023 (the Record Date), at an issue price of $0.21 per New Share, to raise up to approximately $18.9 million before costs if fully subscribed (Entitlement Offer).

The Entitlement Offer price represents a discount of:

• 9% to the last price at which the shares traded on Monday, 5 June 2023 (being $0.23 per share);
• 16% to the 5 day WWAP of shares traded on ASX up to and including Monday, 5 June 2023 (being $0.25 per share); and
• 14% to the 10 day WWAP of shares traded on ASX up to and including Monday, 5 June 2023 (being AUD$0.24 per share).

Shareholders who are registered as shareholders at the Record Date with a registered address in Australia, New Zealand, the United Kingdom, Hong Kong or Singapore (Eligible Shareholders) will be eligible to participate in the Entitlement Offer.