• LTV Ratio of 21.54% as at 30 September 2025
• Issuer has complied with all terms and obligations under the Convertible Note Trust Deed
• No material changes or events that could prejudice Noteholders' interests

ECP Emerging Growth Limited has released its quarterly report for the period ended 30 September 2025. The report confirms that the company has complied at all times with the terms of the Convertible Notes, the Trust Deed, and relevant sections of the Corporations Act. No circumstances arose during the period that could cause the Notes to become immediately payable or enforceable, or that could materially prejudice the interests of Noteholders. There has also been no substantial change in the nature of the company's business. The report includes details on the Loan-to-Value (LTV) Ratio, which was 21.54% as at 30 September 2025. The company has also confirmed that it has complied with its obligations under the Corporations Act in relation to financial reporting and continuous disclosure. Overall, the quarterly report indicates that ECP Emerging Growth Limited remains in a strong financial position and is meeting all of its obligations to Noteholders.