Withdrawal of Scrip Offer for Remaining Shares in TTDS

• ARC Funds made an offer for remaining 36.51% shares in TTDS
• Received applications for 10.99% of TTDS shares, taking ARC's holding to 74.48%
• ARC withdraws offer to remaining TTDS minority shareholders

ARC Funds Limited (ASX:ARC) made an offer for all of the remaining shares in The Term Deposit Shop Pty Ltd (TTDS) it does not already own, being 36.51% of all the issued share capital of TTDS. The Company has received applications in respect of 165,000 Target Shares (being 10.99% of the issued capital in TTDS). As a result, once the share swaps have completed, the Company will hold 74.48% of the total issued shares in TTDS. The Company has withdrawn the offer to the remainder of the shareholders in TTDS (TTDS Minority Shareholders). The Company made a share swap offer to the holders of the remaining 36.51% of the remaining total issued share capital of TTDS owned by TTDS Minority Shareholders on 25 July 2025. The Company will, subject to receiving shareholder approval at an upcoming Extra Ordinary General Meeting, issue 3,584,262 fully paid ordinary shares in ARC to the accepting shareholders following the meeting at which the issue of the ARC Shares is approved. The Board of the Company has resolved to withdraw the Offer, and no further acceptances by TTDS Minority Shareholders will be permitted.