• Mad Paws confirms Scheme Booklet registered with ASIC
• Independent Expert concludes Scheme is fair and reasonable
• Mad Paws Board unanimously recommends shareholders vote in favour

Mad Paws Holdings Limited (ASX:MPA) has announced that the Scheme Booklet for the proposed acquisition of 100% of Mad Paws by Rover Group, Inc. has been registered with the Australian Securities and Investments Commission (ASIC). The Scheme Booklet contains a copy of the independent expert's report prepared by Stantons Corporate Finance Pty Ltd, which has concluded that the Scheme is fair and reasonable and in the best interest of Mad Paws shareholders, in the absence of a Superior Proposal. The Mad Paws Board Members continue to unanimously recommend that Mad Paws shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert continuing to conclude that the Scheme is in the best interest of Mad Paws shareholders. Each Mad Paws Board Member intends to vote or cause to be voted all of their Director Mad Paws Shares in favour of the Scheme. The Scheme Booklet and proxy form will be dispatched to Mad Paws shareholders shortly.