• Binding agreement to sell TasmaNet business and assets to Comms Group
• Transfer of TasmaNet business and parts of mainland managed services to Comms Group
• 30 Field Solutions Group employees to transfer to Comms Group

Field Solutions Holdings Pty Ltd and certain of its wholly owned subsidiaries (collectively referred to as 'Field Solutions Group') have announced that at approximately 10:30 PM (AEST) on 15 May 2025, a binding agreement to sell Field Solutions Group's TasmaNet business and assets (the Transaction) was executed with Comms Group Ltd (CCG). The Transaction will result in the transfer of the TasmaNet business and parts of Field Solutions Group's mainland managed services business to CCG on a going concern basis, along with the transfer of 30 Field Solutions Group employees. The Transaction is expected to complete within the coming weeks. The Receivers are also commencing a dual track sale process for Field Solutions Group's Mobile Tower assets and Fixed Wireless business, via expression of interest sale campaigns. Further information regarding the Transaction can be found in CCG's ASX announcement dated 16 May 2025.