• Offer Price increased from $0.305 to $0.31 per Engenco Share
• Increased Offer Price is final and will not be increased further
• Offer applies to all Engenco Shareholders, including those who have already accepted

Elph Investments Pty Ltd, the bidder in the off-market takeover offer for Engenco Ltd, has increased the offer price from $0.305 to $0.31 per Engenco share. The increased offer price of $0.31 per share will apply to all Engenco shareholders, including those who have already accepted the offer. Elph Investments has advised that the $0.31 per share offer price is final and will not be increased under any circumstances. A copy of the formal notice under section 650D of the Corporations Act confirming the variation of the offer has been attached to the first supplementary bidder's statement. The maximum amount of cash required by Elph Investments to settle acceptances under the offer as a result of the increased offer price is $30,825,825.26, which is fully funded pursuant to the intragroup loan deed with Elphinstone Holdings disclosed in the bidder's statement.