ASX:APX Equity Raising Presentation

Highlights:

• Fully underwritten ~A$30 million Equity Raising comprised of:
• A 1 for 3.65 pro rata accelerated non-renounceable entitlement offer (“Entitlement Offer”) to existing eligible shareholders to raise ~A$23.6 million
• An institutional placement (“Placement”) to raise ~A$6.4 million
• 54.5 million fully paid ordinary shares (“New Shares”) to be issued, representing ~34.8% of the existing shares on issue

• Unaudited FY23 financial update for the ten months ending 31 October 2023

Milestones:

• Announcement of the Equity Raising Tuesday, 21 November
• Placement and Institutional Entitlement Offer bookbuild Tuesday, 21 November – Wednesday, 22 November
• Announcement of results of the Placement and Institutional Entitlement Offer Thursday, 23 November
• Appen shares recommence trading Thursday, 23 November
• Entitlement Offer Record Date (7.00pm Sydney time) Friday, 24 November
• Retail Entitlement Offer opens (Retail Offer Booklet made available to eligible retail shareholders) Wednesday, 29 November
• Settlement of New Shares issued under the Placement and Institutional Entitlement Offer Friday, 1 December
• Allotment and trading of New Shares issued under the Placement and Institutional Entitlement Offer Monday, 4 December
• Retail Entitlement Offer closes (5.00pm Sydney time) Friday, 8 December
• Settlement of New Shares issued under the Retail Entitlement Offer Thursday, 14 December
• Allotment of New Shares issued under the Retail Entitlement Offer Friday, 15 December
• Commencement of trading of New Shares issued under the Retail Entitlement Offer Monday, 18 December