• EDU to renew on-market buyback of up to 14.4 million shares
• Buyback period to commence no earlier than 11 October 2025 and end 10 October 2026
• Board considers buyback an effective capital management initiative

EDU Holdings Limited (EDU or the Company), a leading tertiary education group, has announced its intention to renew its current on-market buyback process. On 24 September 2024, EDU announced its intention to undertake an on-market buyback of up to 16.5 million ordinary shares, over a period of up to 12 months. The buyback period commenced 11 October 2024 and will end on 10 October 2025. As at the date of this announcement, EDU has bought back approximately 6.5 million ordinary shares. The Company intends to renew the on-market buyback process and provide the Company the ability to buy back up to approximately 14.4 million shares, commencing no earlier than 11 October 2025 and ending 10 October 2026 (Second Buyback). The Board considers the continuation of the buyback process to be an effective capital management initiative that is in the interests of all shareholders. The Second Buyback will be conducted within the 10/12 limit under the Corporations Act 2001 (Cth) and trading of shares will not occur during any blackout period.