Scheme Update and Preliminary Unaudited Financial Results

• APM submits draft Scheme Booklet for review by ASX and ASIC
• APM shareholders to vote on Scheme in September 2024
• Independent Board Committee and Executive Chair recommend Scheme
• Preliminary unaudited results in line with previous announcements

APM Human Services International Limited (ASX: APM) has provided an update on the proposed Scheme of Arrangement with Ancora BidCo Pty Ltd, an entity controlled by Madison Dearborn Partners, LLC (MDP). APM has submitted its draft Scheme Booklet for review by ASX and ASIC, and APM shareholders will be given the opportunity to vote on the Scheme at a meeting expected to be held in September 2024. The APM Independent Board Committee (IBC) unanimously recommends that APM shareholders vote in favor of the Scheme, in the absence of a superior proposal and subject to an Independent Expert concluding that the Scheme is in the best interests of APM shareholders. The IBC makes no recommendation in respect of the scrip alternative. The Scheme remains subject to certain conditions, which must be satisfied or waived before the Scheme can be implemented. The Scheme Booklet includes preliminary unaudited results for the 12 months to 30 June 2024, which are in line with previous announcements. APM's revenue, underlying EBITDA, and underlying NPATA for the period are estimated to be $2,332 million, $281 million, and $95 million, respectively, compared to $1,896 million, $365 million, and $178 million for the 12 months to 30 June 2023. Net Debt at 30 June 2024 is approximately $800.0 million, compared to $774 million at 30 June 2023. The carrying value of intangibles, including goodwill and customer contracts, is being reviewed as part of the year-end audit process, and there is an indicator of impairment which is in the process of being assessed, with a preliminary unaudited impairment range of $250 million to $350 million.

APM's preliminary unaudited results for the 12 months to 30 June 2024 are estimated to be: revenue of $2,332 million, underlying EBITDA of $281 million, and underlying NPATA of $95 million.