• ASX has provided a waiver to Elanor regarding Listing Rule 10.13.5
• The waiver allows Elanor to issue securities to Rockworth within 3 months of the shareholder meeting
• The waiver was sought due to regulatory approvals required for the Firmus Capital acquisition

Elanor Investors Group ('Elanor' or 'Group') has provided an update on the binding terms it had entered into with Rockworth Capital Partners Pte. Ltd. ('RCP') and its wholly-owned subsidiary, Rockworth Investment Holdings Pte. Ltd. ('RIH'), whereby Rockworth will invest up to A$125 million into Elanor to recapitalise the business, stabilise the balance sheet and reduce gearing. ASX Limited ('ASX') has provided the waiver sought by Elanor in relation to the application of ASX Listing Rule 10.13.5 to the Proposed Recapitalisation and the issue of stapled securities in Elanor ('Consideration Securities') to Su Kiat Lim ('SKL') or Laville Pte. Ltd. ('Laville') as consideration for the acquisition of all of the issued share capital of Firmus Capital Pte. Ltd. ('Firmus') held by SKL. The waiver allows Elanor to issue the Consideration Securities to SKL or Laville within 3 months of the meetings of Elanor securityholders ('Meetings') which are convened to seek Elanor securityholder approval for the issue of Consideration Securities to SKL or Laville. Elanor sought and obtained the waiver as the completion of the Firmus acquisition is subject to regulatory approvals, which are beyond Elanor's control and may not be obtained within 1 month of the Meetings. Elanor will proceed with the necessary steps to implement the Proposed Recapitalisation, including to convene the necessary Meetings to seek, among other things, securityholder approval for the issue of Consideration Securities.