• Envirosuite to be acquired by Ideagen for A$0.090 per share, representing a 109.3% premium to last closing price
• Envirosuite Board unanimously recommends the Scheme, in absence of Superior Proposal
• Major shareholders Perennial Value Management and Hitachi Construction Machinery to vote in favour of the Scheme

Envirosuite Limited (ASX: EVS) ('Envirosuite' or the 'Company') has entered into a Scheme Implementation Deed ('SID') with Ideagen Limited ('Ideagen'), to acquire 100% of the fully diluted share capital in Envirosuite by way of a Scheme of Arrangement ('Scheme'). Under the terms of the Scheme, Envirosuite shareholders will be entitled to receive cash consideration of A$0.090 per share, which implies a fully diluted equity valuation of A$132.2 million and represents a premium of 109.3% to the last closing price of A$0.043 per share on 24 February 2025. The Envirosuite Board unanimously recommends that Envirosuite shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of Envirosuite shareholders. Significant shareholders Perennial Value Management and Hitachi Construction Machinery have indicated their intention to vote in favour of the Scheme, subject to certain conditions. Implementation of the Scheme is subject to Foreign Investment Review Board approval and other customary conditions, including Envirosuite shareholder and Court approvals.