• $138 million retail component of $438 million Reinvestment Plan
• Offset reduction in free-float market capitalization from $3 billion Capital Return
• Increase ownership stake of minority shareholders and enhance trading liquidity

TPG Telecom is pleased to present a Prospectus outlining the details of the retail component of its Reinvestment Plan, which has the potential to raise approximately $138 million. This is part of a broader $438 million Reinvestment Plan, which includes a previously announced $300 million institutional component. The Reinvestment Plan is a key component of TPG Telecom's new Capital Management Plan, which also involves returning approximately $3 billion to all shareholders via a $1.61 per share Capital Return. The Reinvestment Plan is intended to serve three strategic purposes: 1) offset the reduction in TPG Telecom's free-float market capitalization resulting from the Capital Return, 2) increase the ownership stake of minority shareholders, thereby potentially enhancing trading liquidity on the ASX, and 3) support TPG Telecom's position in market indices, which has the potential to positively influence share price and investor interest. The Retail Reinvestment Plan will allow Eligible Retail Shareholders to reinvest some or all of their Capital Return proceeds into new TPG Telecom shares, as well as apply for additional shares subject to a scale-back. The Prospectus provides all the details Eligible Retail Shareholders need to consider in relation to the Retail Reinvestment Plan.