Proposed Consolidation of Capital

• Consolidation of shares on a 1-for-10 basis
• Aims to simplify capital structure and reduce volatility
• Shareholder approval required at 2025 AGM

AMA Group Ltd (ASX: AMA) has announced its intention to undertake a consolidation of its issued capital on a 1-for-10 basis, subject to receiving shareholder approval at the Company's Annual General Meeting to be held on 3 November 2025. The Board believes the Consolidation will help reduce the Company's current large number of approximately 4.8 billion shares and 41 million performance rights, resulting in a more simplified and effective capital structure. Additionally, the Consolidation is expected to help reduce short-term share price volatility and offset the effects of short-term share price speculation, thereby reducing fluctuations in the Company's market capitalisation. In accordance with ASX Listing Rules, all performance rights currently on issue will be consolidated in the same ratio as the shares. If approved by shareholders, the Consolidation will be implemented in accordance with the indicative timetable provided in the announcement.