Ann: Trading Halt, page-29

The fully underwritten A$161 million Offer comprises the following:
 An institutional placement of approximately 65 million new fully paid ordinary shares in Galaxy (“New Shares”)
to raise A$111 million (“Placement”); and
 A 1-for-14 pro-rata accelerated non-renounceable entitlement offer of approximately 29 million New Shares to
raise approximately A$50 million (“Entitlement Offer”).
All New Shares will be issued at a price of A$1.70 per New Share under the Offer, which represents a:
 15.0% discount to the last traded price of A$2.00 on 24 November 2020;
 12.5% discount to the Theoretical Ex-Rights Price2
(“TERP”) of A$1.94; and
 8.1% discount to the 10-day Volume Weighted Average Price (“VWAP”) of A$1.85.
Eligible retail shareholders will have the ability to apply for additional new shares up to 33% of their entitlement under a
"Top-up Facility" (subject to scale back, at Galaxy's discretion).
The Entitlement Offer provides eligible shareholders the opportunity to subscribe for 1 New Share for every 14 existing
shares held as at 7.00pm Sydney Time on Friday, 27 November 2020 (“Record Date”).