• ALS opens $40M Share Purchase Plan for existing shareholders
• New shares offered at lower of $16.70 or 5-day VWAP less 2% discount
• Proceeds to fund organic investment and maintain balance sheet flexibility

ALS Limited (ASX: ALQ) has announced the opening of a Share Purchase Plan (SPP) to raise up to $40 million. The SPP follows ALS' recent $350 million institutional placement, with proceeds from the SPP to be used to maintain balance sheet flexibility and support future growth initiatives. Eligible shareholders can subscribe for a minimum of $1,000 and up to a maximum of $30,000 worth of new shares (SPP Shares) at the lower of $16.70 per share (the same price as the recent placement) or the 5-day volume weighted average price less a 2% discount, rounded up to the nearest cent. The SPP Shares will rank equally with existing ALS shares and be entitled to the FY25 final dividend.ALS may decide to accept oversubscriptions or scale back applications at its discretion. If scaled back, applicants will receive a refund of the difference between their application monies and the value of SPP Shares allocated.The SPP opens on 3 June 2025 and closes on 20 June 2025, with the new shares expected to commence trading on 30 June 2025.

ALS has not provided any high-importance, price-sensitive forward-looking financial guidance in the announcement.