Conclusion of Discussions with The Abercrombie Group

• TAG's non-binding proposal to acquire Humm Group withdrawn
• Proposal intended to provide shareholders opportunity to realize investment at 35% premium
• Lack of support from key shareholders led to conclusion of discussions

Humm Group Ltd (ASX:HUM) has announced the conclusion of discussions with The Abercrombie Group Pty Ltd (TAG) regarding TAG's unsolicited non-binding indicative proposal to acquire Humm Group. TAG's proposal was intended to provide an opportunity for Humm Group shareholders to fully realize their investment in the company at a 35% premium to the undisturbed trading price. However, it has become evident that the proposal does not currently have the support of several key shareholders. As a result, TAG and the Humm Group Independent Board Committee have agreed to conclude discussions, and TAG has withdrawn the proposal. Despite the decision to conclude discussions, TAG remains a supportive, long-term investor in Humm Group. The Humm Group Independent Board Committee's focus going forward is on driving shareholder value through robust operational execution and disciplined capital allocation.