• Executing asset realisation program to de-leverage balance sheet
• Simplifying capital structure and reducing costs
• Finalising FY24 and HY25 financial statements
• Progressing strategic review, including potential sale of business

Elanor Investors Group (ASX: ENN) is continuing to execute its stated strategy to stabilise the business. This includes de-leveraging the balance sheet through an asset realisation program, simplifying the capital structure, reducing costs and controlling working capital, finalising its FY24 and HY25 financial statements, seeking the re-commencement of trading on the ASX, and progressing the Strategic Review. Since 1 July 2024, the Group has transacted approximately $225 million of assets across its managed funds, with a further $250 million in due diligence processes. The Group is also in discussions regarding the potential sale of its co-investment holdings in certain managed funds. The divestment program for the Elanor Hotel Accommodation Fund (EHAF) has transacted hotel assets at a combined realisation value of $53.5 million, with further EHAF assets currently in due diligence or under offer. The Group remains focused on stabilising the balance sheet and closely managing working capital as the asset realisation program progresses. The Group is continuing to engage with its secured financier, Keyview, and the arranger of its $40 million Corporate Notes, FIIG, to support the Group's working capital position and monitor relevant facility covenants. The Group is also working with its auditor to finalise its FY24 results and HY25 results, which are expected to include an emphasis of matter or qualification in respect of risks to the Group's ability to continue as a going concern. Elanor is continuing to work with its advisors to examine a range of options to maximise value for all securityholders, including a potential sale of the business.