• Swoop's offer of 1 Swoop Share for every 3.8 Vonex Shares is best and final
• Offer will close at 7pm (Sydney time) on 21 February 2025 with no further extensions
• Swoop intends to take up its entitlement in full under Vonex's Entitlement Offer

Swoop Telecommunications Pty Ltd, a wholly-owned subsidiary of Swoop Holdings Limited, has issued a second supplementary bidder's statement in relation to its off-market takeover offer for Vonex Limited. The key points are: 1) The Offer Consideration of 1 Swoop Share for every 3.8 Vonex Shares held (which implies a price of $0.0501 per Vonex Share) is best and final. 2) The Offer will close at 7pm (Sydney time) on 21 February 2025. There will be no further extensions by Swoop to the Offer Period. Vonex Shareholders will not be able to accept the Offer after the Closing Date. 3) Vonex announced a pro-rata non-renounceable entitlement offer on 4 February 2025, and Swoop intends to take up its entitlement in full under this Entitlement Offer. As a result, Swoop's voting power in Vonex will not be materially diluted. However, MaxoTel's shareholding in Vonex may increase by virtue of its partial underwriting of any shortfall under the Entitlement Offer. Given MaxoTel has obtained a majority shareholding in Vonex and may increase its shareholding further, Swoop is continuing to assess all available options with respect to the retention or disposal of its investment in Vonex.