Darwin completion delivers immediate benefits

• $2.1 million purchase of SDC Darwin property finalised
• Existing debt paid down, generating $266,000 annual cash flow saving
• Asset base strengthened with SDC Darwin valued at $10 million

DXN Limited, a specialist provider of prefabricated modular data centre solutions, has successfully secured debt funding to complete the purchase of the land and building of Secure Data Centre Pty Ltd as Trustee for SDC Trust (SDC Darwin). The $2.1 million purchase of the SDC Darwin property has been finalised, and the existing debt will be paid down with a new $5 million loan facility from iPartners Pty Ltd. This refinancing is expected to generate an annual net cash flow saving of approximately $266,000, enhancing DXN's financial flexibility. The SDC Property has been independently valued at $10 million, resulting in an immediate uplift to the Company's net assets. Additionally, the refinancing has enabled DXN to pay down $2.0 million of outstanding debt with PURE Asset Management and settle a $550,000 warranty payment owed to the SDC Darwin vendor from the original purchase agreement in 2021. The Managing Director and CEO, Shalini Lagrutta, commented that the finalisation of the Darwin purchase will deliver significant operational and financial benefits over the coming years.