Investor webinar presentation
Released
Released
Announcement PDF
Neurizon Therapeutics Limited
ABN 35 094 006 023
www.neurizon.com
Suite 2, Level 11, 385 Bourke Street, Melbourne, VIC 3000 Tel: +61 3 9692 7222
Investor webinar presentation
15 January 2026 – Melbourne Australia: Neurizon® Therapeutics Limited (ASX: NUZ & NUZOA; OTCQB: NUZTF)
("Neurizon" or "the Company"), a clinical-stage biotech company dedicated to advancing innovative treatments for
neurodegenerative diseases, is pleased to provide the attached presentation which will be delivered by the Company
during an investor webinar at 1:00pm AEDT (10:00am AWST) on Thursday, 15 January 2026.
The presentation provides shareholders with an update on the Company’s recent strategic and operational progress,
including its strengthened funding position, regulatory developments, and preparation for commencement of patient
enrolment in the HEALEY ALS Platform Trial. It also outlines Neurizon’s clinical strategy for lead asset NUZ-001, key
near-term milestones, and the Company’s broader execution priorities for CY2026.
Anyone wishing to attend the webinar must register via the link below:
• Registration: https://bit.ly/15012026
• Date and time: 1:00pm AEDT (10:00am AWST) on Thursday, 15 January 2026
For investors who are unable to attend the webinar, a recording will be made available on the Company’s website at
www.neurizon.com.
-ENDS-
This announcement has been authorised for release by Michael Thurn, Managing Director and CEO on behalf of the
Board of Neurizon Therapeutics Limited.
For further information, please contact:
Neurizon Therapeutics
Lidija Damjanovic
Marketing & Corporate Affairs
Email: lidija@neurizon.com
Phone: +61 (0) 425 700 504
Australia Investor Relations
Henry Jordan
Six Degrees Investor Relations
Email: henry.jordan@sdir.com.au
Phone: +61 (0) 431 271 538
U.S. Investor Relations
Matthew Selinger
Integrous Communications
Email: mselinger@integcom.us
Phone: +1 415-572-8152
About Neurizon Therapeutics Limited
Neurizon Therapeutics Limited (ASX: NUZ) is a clinical-stage biotechnology company dedicated to advancing
treatments for neurodegenerative diseases. Neurizon is developing its lead drug candidate, NUZ-001, for the
treatment of ALS, which is the most common form of motor neurone disease. Neurizon’s strategy is to accelerate
access to effective ALS treatments for patients while exploring the potential of NUZ-001 for broader
neurodegenerative applications. Through international collaborations and rigorous clinical programs, Neurizon is
dedicated to creating new horizons for patients and families impacted by complex neural disorders. NUZ-001 is an
investigational product and is not approved for commercial use in any jurisdiction.
Neurizon Investor Hub
We encourage you to utilise our Investor Hub for any enquiries regarding this
announcement or other aspects concerning Neurizon.
This platform offers an opportunity to submit questions, share comments, and view
video summaries of key announcements.
To access Neurizon Investor Hub please scan the QR code or visit
https://investorhub.neurizon.com
Neurizon® is a registered trademark of Neurizon Therapeutics Limited
ABN 35 094 006 023
Neurizon Shareholder Webinar
“Funding, Execution and Path
Forward”
Dr Michael Thurn,
Managing Director & Chief Executive Officer
January 2026
Disclaimer
This disclaimer applies to this presentation and the information contained in it (This presentation has been
prepared by Neurizon Therapeutics Limited (ASX: NUZ) (the “Company”)). It does not purport to contain all the
information that a prospective investor may require in connection with any potential investment in the Company.
You should not treat the contents of this presentation, or any information provided in connection with it, as
financial advice, financial product advice or advice relating to legal, taxation or investment matters.
No representation or warranty (whether express or implied) is made by the Company or
any of its officers, advisers, agents or employees as to the accuracy, completeness or reasonableness of the
information, statements, opinions or matters (express or implied) arising out of, contained in or derived from this
presentation or provided in connection with it, or any omission from this presentation, nor as to the attainability
of any estimates, forecasts or projections set out in this presentation.
This presentation is provided expressly on the basis that you will carry out your own independent inquiries into
the matters contained in the presentation and make your own independent decisions about the affairs, financial
position or prospects of the Company.
The Company reserves the right to update, amend or supplement the information at any time in its absolute
discretion (without incurring any obligation to do so).
Neither the Company, nor its related bodies corporate, officers, their advisers, agents and employees accept any
responsibility or liability to you or to any other person or entity arising out of this presentation including pursuant
to the general law (whether for negligence, under statute or otherwise), or under the Australian Securities and
Investments Commission Act 2001, Corporations Act 2001, Competition and Consumer Act 2010 or any
corresponding provision of any Australian state or territory legislation (or the law of any similar legislation in any
other jurisdiction), or similar provision under any applicable law. Any such responsibility or liability is, to the
maximum extent permitted by law, expressly disclaimed and excluded.
Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell
securities. It does not include all available information and should not be used in isolation as a basis to invest in
the Company.
Shareholder Webinar January 2026 2
Future Matters
This presentation contains reference to certain intentions, expectations, future plans, strategy and prospects
of the Company. Those intentions, expectations, future plans, strategy and prospects may or may not be
achieved. They are based on certain assumptions, which may not be met or on which views may differ and
may be affected by known and unknown risks. The performance and operations
of the Company may be influenced by a number of factors, many of which are outside the control of the
Company. No representation or warranty, express or implied, is made by the Company, or any of its
directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved
either totally or partially or that any particular rate of return will be achieved.
Given the risks and uncertainties that may cause the Company’s actual future results, performance or
achievements to be materially different from those expected, planned or intended, recipients should not
place undue reliance on these intentions, expectations, future plans, strategy and prospects. The Company
does not warrant
or represent that the actual results, performance or achievements will be as expected, planned or intended.
US Disclosure
This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any
securities in the United States or to, or for the account or benefit of any “US person” as defined in
Regulation S under the US Securities Act of 1993 (“Securities Act”). The Company’s shares have not been,
and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of
the United States, and may not be offered or sold in the United States or to any US person without being so
registered or pursuant to an exemption from registration including an exemption for qualified institutional
buyers.
To lead the
development of
neurodegenerative
treatments towards a
promising new horizon
for patients.
Our Vision
Accelerating Patient
Hope and Access to
Innovative ALS
Treatment
Our Promise
Driving
Clinical
Progress
Unlocking the potential
of Neurizon to address
high unmet need in
neurodegenerative
diseases
Delivering commercial
readiness and
stakeholder
value
Corporate Overview
5
Current Share Price (NUZ/NUZOA) $0.82/ $0.012
52 Week Low / High (NUZ) $0. 079/$0.175
No. of Shares (NUZ) 1 615,119,964
Listed Options (NUZOA) 116,705,765
Market Capitalisation $50.4m
Cash (as at 30-Sep-25) $6.6m
Debt (as at 30-Sep-25)2 ($1.5m)
Net Cash $5.1m
Enterprise Value $45.3m
Unlisted Options
(10c/15c/17.5c/20c/26c/33.25c)
26.501m
Enterprise Value (fully diluted) $57.1m
Capital Structure (AUD$) 9 January 2026
Share Price Performance
Board & Management
Top Shareholders (at 9 January 2026)
Mid-stage biotechnology company targeting human neurodegenerative diseases
Mr Sergio Duchini Chairman & Non-Executive Director
Dr Michael Thurn Chief Executive Officer & Managing Director
Mr Marcus Hughes Non-Executive Director
Dr Katie MacFarlane Non-Executive Director
Mr Dan O’Connell Chief Financial Officer
Mr Stefan Ross Company Secretary
Closing Price (AUD$) Volume (m)
1 Excludes 9,500,000 shares allocatedto Directors that are subject to approval, planned for the General Meeting in February 2026..
2 Debt is a A$1.5m loan from Radium Capitalsecured against Australian R&D Rebate. SeeASX:NUZ “R&D Tax Incentive Advance & Overseas Finding Approval” 18 September 2025
-
1
2
3
4
5
6
0.00
0.10
0.20
0.30
0.40
0.50
9-Jan-25 9-Mar-25 9-May-25 9-Jul-25 9-Sep-25 9-Nov-25 9-Jan-26
Volume
SP
Mr Chek Loon Tan 6.34%
Other Top 10 Shareholders 20.04%
Board & Management1 3.60%
Shareholder Webinar January 2026
Phase 1
Access to manufacturing at scale critical
to future commercialisation
Access to animal safety data and manufacturing data critical to
support future trials and potential regulatory approvals
Strongly Positioned with Regulatory and Commercialisation Requirements for Realisation
Derisked regulatory
approval process
Drug /
Dosage Form
NUZ-001
Oral Tablets
NUZ-001
Oral Tablets
or Liquid
Partnerships & Licensing
HEALEY ALS
Platform
Trial
Elanco
Licensing
Agreement
Preclinical &
research
partners
Amyotrophic
Lateral Sclerosis
(Motor Neurone Disease)
Neurodegenerative
DIseases
• Identify Next
Target Indication
• Preclinical Data
• First Patient In
• 100% Enrolment
Complete
HEALEY ALS Platform Trial
Indication Preclinical Phase 2 Phase 3
Approved/
Marketed
Next Major
Catalysts
Accelerated
approval possible
on Phase 2 data
and enabled
through Elanco
licensing
Pivotal registration adaptive
Phase 2/3 clinical study
6
Our Strategic Progress
Focus remains on advancing ALS clinical program by commencing enrolment in the HEALEY ALS Platform
Trial (Phase 2/3)
Shareholder Webinar January 2026
Demonstrating Meaningful Progress: FY 2026 Milestones
Successfully raised
$7.1m through a
share placement
7
Executed
Global License
Agreement
with Elanco
NUZ-001 IND
Opened, clearing
the path to
HEALEY
First
registration
batch of
NUZ-001
Preliminary
R&D Funding
received
Top-line
results from
OLE study
JP Morgan Health
Conference
Partnering and
Participation
R&D Tax
Incentive Advance
& Overseas Finding
Approval
Established a
$20m strategic
con note facility
with Obsidian
Australian
Patent granted
for NUZ-001 –
Expiry 2041
Shareholder Webinar January 2026
Entering The Next Phase Of
Value Creation:
HEALEY ALS Platform Trial
HEALEY ALS Platform Trial
NUZ-001 cleared for entry into the HEALEY ALS Platform Trial
HEALEY ALS Platform Trial is a competitive process led by a group of expert ALS scientists and members of the Healey Science Advisory Committee
9
HEALEY ALS Platform Trial Design
Patient Enrolls
in Platform
Trial
Active
Active
Active
Placebo
Placebo
Placebo
Placebo
Active
Active
Active
Placebo
Active
Active
Active
Placebo
Regimen H
Regimen I
Regimen J
Shared Placebo
Shared infrastructure and common protocol, allowing sharing of placebo participants
Randomization
Randomization
Randomization
Randomization
FDA approved Master Protocol
Design
• Shared master protocol
• >70 clinical sites across the US
• 3:1 active drug to placebo ratio
• 160 participants per regimen
• 7 regimens completed
• 2 regimens progressing to Phase 3
Innovative Trial Structure
NUZ-001
30% reduction in research cost
The platform trial tests multiple treatments at once reducing cost of research
50% faster
Trial times are expected to be cut in half due to the established infrastructure and rapid recruitment
67% more participants
The platform’s broad reach recruits more people and brings them faster access to innovative therapies
Completed Regimens
Advantages of Platform Trials over Standard Trials
Shareholder Webinar January 2026
HEALEY ALS Platform Trial Regimen ‘I’ for NUZ-001
10
Screening Period
36-week Double blind Placebo
Controlled Period
36-week Active Treatment
Extension Period
3:1 Randomization
n=160 patients
Primary Endpoint
• Change from baseline through Week 36 in disease severity,
measured by the ALSFRS-R total score and survival
Secondary Endpoints
• Change from baseline through Week 36 in secondary efficacy
measures (e.g., respiratory function via slow vital capacity (SVC))
• Survival through Week 36 (death or equivalent endpoint)
ALSFRS-R
Biomarkers DNA
NUZ-001
10 mg/kg
Placebo
NUZ-001
10 mg/kg
Shareholder Webinar January 2026
Enrollment Complete
Q3-Q4 2026
Q1 2026
4
5
First Patient Randomised
160 patients enrolled in the
trial
First patient screened for
eligibility
Last Patient Dosed
3
Q1 2026
First Patient Screened
6
NUZ-001 entry accepted
Q2-Q3 2027
Last participant receives
final dose
Q4 2025
Database Lock
Q3 2027
FDA Clearance
7
Platform Trial IND submitted to
regulatory authorities
Clinical trial database locked
for analysis
Q4 2025
Topline Data Released
IND Amendment Submission
Topline results of the
trial announced
8 Q3 2027
First participant randomized
into treatment regimen
11
‘Regimen-I’ HEALEY ALS Platform Trial Expected Key Milestones
FDA cleared
NUZ-001 for entry into
HEALEY ALS Platform
Trial.
The first patient in the
trial is expected to be
enrolled in Q1 2026.
Shareholder Webinar January 2026
Regulatory and Market Update
Fast Track Designation – Regulatory Context and Program Continuity
Fast Track Designation Status
Neurizon received correspondence from the
U.S. FDA advising that Fast Track Designation
for NUZ-001 in ALS was not granted at this
time.
The FDA confirmed that ALS is a serious
condition with an unmet medical need.
The FDA provided constructive
feedback outlining the additional clinical data
that could support a future Fast Track request
as NUZ-001 advances through development.
Shareholder Webinar January 2026 13
What This Means for NUZ ALS Program
Fast Track Designation is a procedural
mechanism and is not required to progress
clinical development or pursue regulatory
approval.
The FDA indicated that additional clinical
data are required at this stage to demonstrate
differentiation from approved therapies.
This feedback provides clarity on data
expectations and helps inform future
regulatory planning.
Development and Execution Remain on Track
NUZ-001 has advanced into the next operational
phases of the HEALEY ALS Platform Trial.
IRB submissions, clinical site activation and study
start-up activities are underway.
Secured sufficient funding to complete this
registration-adaptive Phase 2/3 trial.
As additional clinical data becomes available, we will
evaluate the optimal timing for a Fast Track
resubmission.
Regulatory guidance received with clinical execution proceeding as planned
Key Context for Fast Track Designation
• Timing varies across ALS programs and is dependent on data maturity at the time of application
• Designation is not predictive of regulatory approval or clinical success
• Regulatory outcomes are determined by the quality, maturity, and completeness of clinical data, which the HEALEY ALS Platform Trial is designed to
generate
Accelerated & Streamlined Path to NDA and Launch
Elanco License Agreement
14
• Comprehensive non-
clinical safety package
• Complete API GMP documentation of
the manufacturing process for the
FDA
• Improves alignment with
FDA module expectations
• De-risked regulatory approval
process
Sample
Text
Sample
Text
Clinical
5
MODULE 5
MODULE 4
MODULE 3
MODULE 2
MODULE 1
4
3
Non-clinical
Quality
Summary Documents
2
Admin
1 Elanco License
Agreement
• Strengthens NDA readiness
• Reduces development cost
• Supports accelerated timeline &
launch readiness
Future Fast Track Designation
allows for rolling submission
of completed modules
API = Active Pharmaceutical Ingredient; GMP = Good Manufacturing Practices; NDA = New Drug Application Shareholder Webinar January 2026
Major Pharma Investment Validates ALS Commercial Opportunity
Shareholder Webinar January 2026 15
Shionogi transaction represents a meaningful external validation of the ALS market and improves the strategic,
commercial, and partnering backdrop for Neurizon’s NUZ-001 program
• USD $2.5B deal validates ALS
market
• ALS now a strategic pharma priority
• Unmet need persists beyond
Edaravone
• Partnering and M&A optionality
expands
• Established regulatory and
reimbursement precedent lowers
barriers for NUZ-001
Edaravone
FDA approved in 2017
List price US$171,000
~US$1 billion in sales1
1. . Research Reports World 2024.
Strategic Funding
Placement & Entitlement Offer2
• Firm commitments to raise ~A$7.1
million under the Placement,
through issue of New Shares at
A$0.08 per New Share for the
HEALEY ALS Platform Trial
• 2-for-5 Entitlement Offer to raise up
to ~A$17.1 million at A$0.08 per
New Share, with funds allocated to
other working capital.
Research & Development
(R&D) Tax Rebate
• Neurizon’s Advance and
Overseas Finding (AOF) provides
a cash rebate for foreign R&D
spend
• Cash rebate of at least 43.5% on
HEALEY spend
• AOF is binding on Australian Tax
Office and AusIndustry -
providing an important, non-
dilutive source of funds
Convertible Note Facility3
• Convertible Note Facility for up
to A$20 million with Obsidian
Global GP, LLC
• Initial draw of only A$5 million
• Committed facility - option but
no obligation to use
• Includes trading restrictions to
protect shareholder and
optionholder interests
Neurizon’s strategy is to efficiently secure adequate funding for the HEALEY ALS Platform Trial, to enable the Company to commit to it1.
The strategy is focused on protecting shareholders’ interests through flexible funding and minimising dilution.
17
HEALEY Funding Strategy
Focused on flexibly and efficiently securing adequate funding for the HEALEY ALS Platform Trial
1 Existing cash holdings, the Placement, the Research and Development Tax Rebate and the committed funds through the Convertible Note Facility, will provide adequate secured funding for Neurizon to commit to and
commence the HEALEY ALS Platform Trial. The Convertible Note Facility is subject to a number of conditions, including shareholder approval.
2 The issue of Shares to Directors under the Placement is subject to shareholder approval. The Company is also undertaking a 2 for 5 pro-rata Entitlement Offer to eligible shareholders to raise up to ~A$17.1 million, at the
same Offer Price as the Placement. Any funds raised from the Entitlement Offer will be used to for working capital purposes.
Shareholder Webinar January 2026
Offer Overview
18
Offer Structure Up to ~A$24.2 million via the issue of up to ~303.5 million new fully paid ordinary shares in the Company (“New Shares”)
comprising:
• an ~A$7.1 million placement via the issue of ~89.2 million New Shares to certain eligible institutional, sophisticated or
professional investors (“Placement”). Includes ~9.8 million New Shares to raise ~A$0.8 million to Directors and
Management subject to shareholder approval;
• up to ~A$17.1 million (up to ~214.3 million New Shares) 2 for 5 non-renounceable entitlement offer (“Entitlement Offer”,
together with the Placement, the “Offer”).
Offer Price “Offer Price” of A$0.08 per New Share represents:
• 27.3% discount to the last closing price of A$0.11 on 18 December 20251;
• 27.3% discount to the 5-day volume weighted average trading price of A$0.11 to 18 December 2025.1
Use of funds • Funds raised from the Placement will be used to partially fund commencement of the HEALEY ALS Platform Trial.
• Any funds raised from the Entitlement Offer will be used for working capital purposes.
• See slide 32 for further details.
Ranking Shares will rank equally with existing fully paid ordinary shares of the Company (“Shares”) on issue from date of issue.
Lead Manager Morgans Corporate Limited (“Lead Manager”) has been appointed as placement agent (in respect of the Placement) and lead
manager and bookrunner (in respect of the Entitlement Offer).
Underwriting Neither the Placement nor the Entitlement Offer is underwritten.
1 Source IRESS. Shareholder Webinar January 2026
Timetable1
19
Trading Halt Friday, 19 December 2025
Trading Halt Lifted and Return to Trading on the ASX, Announce Results of Placement, Announce Entitlement
Offer
Tuesday, 23 December 2025
Entitlement Offer ‘Ex’ Date Monday, 29 December 2025
Entitlement Offer Record Date Tuesday, 30 December 2025
Placement Settlement Date Wednesday, 31 December 2025
Placement Allotment Date Friday, 2 January 2026
Entitlement Offer Documents Dispatched to Eligible Shareholders, Entitlement Offer Opening Date Monday, 5 January 2026
Last Day to Extend the Entitlement Offer Closing Date Before noon, Friday, 16 January 2026
Entitlement Offer Closing Date 5.00pm, Wednesday, 21 January 2026
Securities Quoted on a Deferred Settlement Basis from Market Open Thursday, 22 January 2026
Announce Results of Entitlement Offer Tuesday, 27 January 2026
Entitlement Offer Settlement Date Wednesday, 28 January 2026
Entitlement Offer Allotment Date Thursday, 29 January 2026
Commencement of Trading of New Shares Issued under the Entitlement Offer on ASX Friday, 30 January 2026
Dispatch of Holding Statements for New Shares issued under the Entitlement Offer Friday, 30 January 2026
General Meeting to approve Director and Management Placement Participation and Convertible Note Facility February 2026
1 Timetable is indicative only and may be subject to change at the sole discretion of the Company, in consultation with the Lead Manager, in compliance with the ASX Listing Rules and
Corporations Act 2001 (Cth).
Shareholder Webinar January 2026
Upcoming Milestones
Near-Term Milestones Objectives
21
Q1 Q2
CY
2026
ONGOING EFFORTS
• Preclinical Updates
• HEALEY Updates
• Liquid Formulation PK Study Initiation
• PDMA Regulatory Consultation
• American Academy of Neurology Meeting, Target ALS, and other
major international conferences and partnering events
✓HEALEY ALS Platform Trial– IRB Approval
✓44th J.P. Morgan Annual Healthcare Conference and other
events
• Australian R&D Refund (net of R&D funding)
• Preclinical Updates
• HEALEY Investigator Meeting
• HEALEY ALS Platform Trial – First Patient Dosed
• Commercial Supply Agreement with Elanco
• Fierce Biotech Webinar with HEALEY
• EMA Scientific Advice meeting
• Ethics Approval for Liquid Formulation PK Study
✓ Work to broaden pipeline to other
neurodegenerative diseases
✓ Partnership expansion opportunities with
patient associations
✓ Targeted engagement with
potential strategic partners
Shareholder Webinar January 2026
Shareholder Webinar January 2026 22
Registration now open!
https://www.fiercebiotech.com/premium/we
binar/1375715
23
Well-characterised Drug
• First-in-class small molecule
• Validated blood brain barrier
penetration
• Established long term safety profile.
Disease-modifying potential
• Phase 1 (n=12) suggests 16-month
survival extension; (SOC 3 month)
• Targets underlying pathology – protein
aggregation
• Favorable biomarker response profile
Phase 2/3 Ready
• FDA Cleared entry into HEALEY ALS Platform Trial
• First Patient in Q1 2026
• Long-term safety profile and efficacy signals in
Phase 1 and OLE studies
Current ALS Treatments
• High unmet need for disease modifying
treatment
• Limited efficacy with current options
NUZ-001 Opportunity
• 15% annual sales growth rate of
ALS market, $1.28B by 2029
• 0.8% annual ALS patient
population growth
• Potential for platform molecule
Strong Market Readiness
• Patent protection in US and AU out to 2041,
with EU and JP pending
• EMA Orphan Medicinal Product Designation
• FDA Orphan Drug Designation
✓ ✓
✓ ✓
✓ ✓
NUZ-001: Orphan Drug Designated Small Molecule Showing Promising Survival Trends in
ALS
Shareholder Webinar January 2026
Registered Address:
Suite 2, Level 11, 385 Bourke Street
Melbourne, VIC 3000 Australia
+61 (3) 9692 7222
enquiries@neurizon.com
THANK YOU
Appendix 1 - International
Offer Restrictions
International Offer Restrictions
This presentation does not constitute an offer of New Shares of the Company in any jurisdiction in which it would be unlawful. In particular, this presentation may not be distributed to any person, and the New Shares may not be
offered or sold, in any country outside Australia except to the extent permitted below.
Hong Kong
WARNING: This presentation has not been, and will not be, registered as a prospectus under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32) of Hong Kong, nor has it been authorised by the
Securities and Futures Commission in Hong Kong pursuant to the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong (the “SFO”). Accordingly, this presentation may not be distributed, and the New Shares may
not be offered or sold, in Hong Kong other than to “professional investors” (as defined in the SFO and any rules made under that ordinance).
No advertisement, invitation or presentation relating to the New Shares has been or will be issued, or has been or will be in the possession of any person for the purpose of issue, in Hong Kong or elsewhere that is directed at, or
the contents of which are likely to be accessed or read by, the public of Hong Kong (except if permitted to do so under the securities laws of Hong Kong) other than with respect to New Shares that are or are intended to be
disposed of only to persons outside Hong Kong or only to professional investors. No person allotted New Shares may sell, or offer to sell, such securities in circumstances that amount to an offer to the public in Hong Kong within
six months following the date of issue of such securities.
The contents of this presentation have not been reviewed by any Hong Kong regulatory authority. You are advised to exercise caution in relation to the offer. If you are in doubt about any contents of this presentation, you should
obtain independent professional advice.
New Zealand
This presentation has not been registered, filed with or approved by any New Zealand regulatory authority under the Financial Markets Conduct Act 2013 (the “FMC Act”).
The New Shares are not being offered or sold in New Zealand (or allotted with a view to being offered for sale in New Zealand) other than to a person who:
• is an investment business within the meaning of clause 37 of Schedule 1 of the FMC Act;
• meets the investment activity criteria specified in clause 38 of Schedule 1 of the FMC Act;
• is large within the meaning of clause 39 of Schedule 1 of the FMC Act;
• is a government agency within the meaning of clause 40 of Schedule 1 of the FMC Act; or
• is an eligible investor within the meaning of clause 41 of Schedule 1 of the FMC Act.
Singapore
This presentation and any other materials relating to the New Shares have not been, and will not be, lodged or registered as a prospectus in Singapore with the Monetary Authority of Singapore. Accordingly, this presentation and
any other presentation or materials in connection with the offer or sale, or invitation for subscription or purchase, of New Shares, may not be issued, circulated or distributed, nor may the New Shares be offered or sold, or be
made the subject of an invitation for subscription or purchase, whether directly or indirectly, to persons in Singapore except pursuant to and in accordance with exemptions in Subdivision (4) Division 1, Part 13 of the Securities
and Futures Act 2001 of Singapore (the “SFA”) or another exemption under the SFA.
This presentation has been given to you on the basis that you are an “institutional investor” or an “accredited investor” (as such terms are defined in the SFA). If you are not such an investor, please return this presentation
immediately. You may not forward or circulate this presentation to any other person in Singapore.
Any offer is not made to you with a view to the New Shares being subsequently offered for sale to any other party in Singapore. On-sale restrictions in Singapore may be applicable to investors who acquire New Shares. As such,
investors are advised to acquaint themselves with the SFA provisions relating to resale restrictions in Singapore and comply accordingly.
26
Shareholder Webinar January 2026
International Offer Restrictions
United Kingdom
Neither this presentation nor any other presentation relating to the offer has been delivered for approval to the Financial Conduct Authority in the United Kingdom and no prospectus (within the meaning of section 85 of the
Financial Services and Markets Act 2000, as amended (“FSMA”)) has been published or is intended to be published in respect of the New Shares.
The New Shares may not be offered or sold in the United Kingdom by means of this presentation or any other presentation, except in circumstances that do not require the publication of a prospectus under section 86(1) of the
FSMA. This presentation is issued on a confidential basis in the United Kingdom to “qualified investors” within the meaning of Article 2(e) of the UK Prospectus Regulation. This presentation may not be distributed or reproduced,
in whole or in part, nor may its contents be disclosed by recipients, to any other person in the United Kingdom.
Any invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) received in connection with the issue or sale of the New Shares has only been communicated or caused to be
communicated and will only b
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