• Beam to receive US$9.5M (~A$14.6M) for its 50% stake in Zoleo Inc.
• Independent valuer determined Zoleo's total equity value at US$13.7M
• Beam to undertake capital return, appoints BDO to advise on options

Beam Communications Holdings Ltd (ASX: BCC) has announced the valuation results for the Zoleo Inc. joint venture (JV) by independent valuer, Secretariat Advisors, LLC. Secretariat has determined the total equity value of the JV to be ~US$13.7M (~A$21.1M), with Beam to receive US$6.9M from the sale of its 50% share in the JV to Roadpost Inc. Additionally, Roadpost has agreed to pay Beam a further US$~2.6M under a separate Settlement Agreement. This takes the total amount payable for Beam's exit from Zoleo Inc. to US$~9.5 million (before costs). Beam's Chairman, David Stewart, commented that the independent valuation confirms the significant value that Beam has created in the Zoleo Inc. joint venture, and the company's focus can now turn to restructuring Beam to become a leaner and profitable organisation as it continues to look for other opportunities to unlock more value for shareholders. Beam has engaged BDO Australia to provide advice on available options for the distribution of the proceeds from the Zoleo exit. The company will provide further updates on these issues in due course.

Beam continues to explore other opportunities for its remaining businesses to unlock further value for shareholders.