• Received shareholder notices to remove Chair and Directors
• Board committed to optimal mix of experience, diversity and expertise
• Strategic review ongoing, with updates to be provided to shareholders

Articore Group Limited (Articore or the Group) has received notices from shareholders, including Martin Hosking and members associated with Richard Cawsey and Martin Hosking, who together hold at least 5% of the votes that may be cast at a general meeting. The notices provided intent to move resolutions for the removal of Chair Robin Mendelson, and Directors Robert Sherwin and John Lewis, as well as notice of candidature for election of Andrew Nash, Carole Campbell and Christine Christian as directors. The Board recognizes and values shareholder representation while ensuring a well-functioning, independent and appropriately skilled board is maintained. Following previous shareholder notices, the Board engaged in constructive dialogue and communicated openness to consider the candidates put forward by the requesting shareholders for the announced open Director role. The Board acknowledges shareholders' rights and will facilitate the appropriate governance processes. Articore is a company with more than 75% of its revenue and strategic growth opportunities located in the United States, and the current Board and executive reflects this commercial reality. The Board is committed to ensuring it has the optimal mix of experience, diversity and market-aligned expertise to steward Articore's growth. A strategic review, as announced on 11 June 2025, is progressing, and Articore will keep all shareholders updated on any material developments. The Board is also actively recruiting an additional Australian-based Director and welcomes recommendations of strong, suitably qualified candidates. The Board believes it is vital to allow recent changes at Board and executive level to settle and take full effect, as the current governance structure has already begun to demonstrate positive traction in better aligning Articore's leadership with its global objectives.