• Expansion of strategic alliance with Rockworth Capital Partners
• Off-market takeover offer for Elanor Commercial Property Fund
• Corporate governance enhancements and business stabilisation

Elanor Investors Group (ASX: ENN) provides an update on the following business developments: Expansion of the Group's strategic alliance with Rockworth Capital Partners, off-market takeover offer for the Elanor Commercial Property Fund (ECF), corporate governance enhancements, business stabilisation and asset realisation program, and lodgement of FY24 audited financial statements. The Group continues to progress the expansion of its strategic alliance with Rockworth, whereby Rockworth have committed to invest $125 million into Elanor to recapitalise the business and stabilise the balance sheet. Elanor has also received a copy of the Bidder's Statement in relation to LDR Assets Pty Ltd's unsolicited off-market takeover offer to acquire all the stapled securities in ECF. To enhance corporate governance, Elanor is establishing a separate independent trustee and responsible entity board for the Group's managed funds, and is progressing the search for a new CEO. The Group continues to execute its asset realisation program to release Elanor's balance sheet capital and reduce gearing. Elanor has now released its audited FY24 financial results, which include an emphasis of matter in respect of risks to the Group's ability to continue as a going concern if it is not able to execute on the Rockworth recapitalisation and balance sheet stabilisation plans.

Elanor Investors Group reported FY24 Core Earnings of $12.8 million (8.55 cents per security) and Funds Under Management of $5.9 billion as at 30 June 2024. The Group's gearing was 66.9% at 30 June 2024.