Implementation of Scheme

• Acquisition of all JLG shares by Sherwood BidCo Pty Ltd, owned by Pacific Equity Partners
• JLG shareholders receive $4.00 per share or 4 Topco shares per JLG share
• Non-executive directors resign, Scott Didier and Nick Carnell remain, Matthew Lunn appointed

Johns Lyng Group Limited (JLG) has announced that the acquisition by Sherwood BidCo Pty Ltd (Bidder), an entity owned and controlled by funds managed or advised by Pacific Equity Partners Pty Limited, of all of the shares in JLG by scheme of arrangement (Scheme), was implemented today. All JLG Shares have been transferred to the Bidder, with JLG Shareholders (other than the Relevant Shareholders who have made a valid Election to receive the Scheme Consideration in the form of Scrip Consideration) receiving $4.00 per JLG Share. Relevant Shareholders who have made valid Elections to receive the Scheme Consideration in the form of Scrip Consideration will be issued 4 Topco Shares for each of those Scheme Shares, subject to rounding. The non-executive directors of JLG have resigned, with Scott Didier and Nick Carnell remaining as directors, and Matthew Lunn being appointed as a new director. JLG has applied for its removal from quotation on the official list of ASX, with the company expected to be delisted on 24 October 2025.