• Negative cash flow of $110,000 in Q1 FY25
• Cash on hand of over $8 million
• Pursuing recovery of debts owed to company
• Pursuing a confidential non-binding term sheet transaction

The Chairman's Address covers several key points regarding SIV Capital's current status. For the first quarter of FY25, the company experienced a negative cash flow of approximately $110,000 from current operating activities, which included rental asset income, bad debts recovered, and interest earned after incurring administrative and corporate outgoings appropriate to the company's scaled-down operations. As of the date of the address, SIV Capital has cash at bank and interest-bearing deposits on hand totalling just over $8 million. The company continues to pursue the rightful recovery of debts owed, but only where there is a reasonable expectation of a cash-positive position. Regarding corporate activity, the Chairman notes that the company continues to pursue the prospect previously mentioned in which a confidential non-binding term sheet (NBIO) was executed. This NBIO transaction is the only one currently being pursued, as no other previous prospects had been able to satisfy the company's key financial criteria that would result in an upside in shareholder value. The NBIO is subject to various conditions, and there is no certainty that the transaction will proceed. The Directors will continue to pursue other transactions in the event that the current transaction does not proceed.