• Indicative proposal from Ideagen to acquire Envirosuite for $0.10 per share
• Proposal is conditional and non-binding, investors should take no action
• Ideagen intends to engage with Envirosuite's major shareholders

Envirosuite Limited (ASX: EVS) has received an unsolicited, non-binding, conditional and indicative proposal from Ideagen Limited ('Ideagen') to acquire 100% of Envirosuite's issued securities by way of a scheme of arrangement for a cash consideration of A$0.10 per share. Ideagen is a global software company that specialises in providing solutions for governance, health and safety, risk management, and compliance. The Indicative Proposal represents a premium of 133% to the closing price of Envirosuite shares on 24 February 2025 and a 120% premium to the one-month volume-weighted average price. The proposal is subject to several conditions, including due diligence, negotiation of a binding Scheme Implementation Deed, unanimous Board recommendation, and shareholder approval. Ideagen has advised that it intends to engage with Envirosuite's major shareholders. The Envirosuite Board has formed the view that it is in the best interests of shareholders to engage further with Ideagen on their Indicative Proposal, while also assessing other value-maximising strategies. Envirosuite shareholders should not take any action at this stage, as there is no certainty that the Indicative Proposal will result in a binding offer or that any transaction will eventuate.