• Leading Philippine publisher C&E Publishing is both a reseller of OpenLearning's LMS and a customer
• CE Nexus Pte Ltd, a division of C&E Publishing, has agreed to invest A$153,037 through a private placement
• Strengthens strategic alignment with a major distribution partner to accelerate OpenLearning's sales and marketing in the Philippines

OpenLearning Limited (ASX: OLL) is pleased to announce that CE Nexus Pte Ltd, a Singapore-registered entity and division of C&E Publishing, has agreed to make a strategic investment in the company. CE Nexus has committed to subscribe for 3,559,000 new fully paid ordinary shares at $0.043 per share, raising A$153,037 (approx. US$100,000). This represents a 4.9% discount to the 15-day volume-weighted average price and a 4.9% premium to the last closing price of $0.041 on 26 November 2025. C&E Publishing is a leading educational publisher and distributor of education technologies in the Philippines with direct relationships across more than 1,000 universities, colleges and schools nationwide. CE Nexus has been established by C&E Publishing to market and distribute innovative LMS and EdTech solutions across Southeast Asia. C&E Publishing already uses OpenLearning's LMS for its own micro-credential programs and is actively integrating the platform into its national sales and distribution capability. The strategic placement formalises and strengthens this partnership, signalling C&E's confidence in OpenLearning's potential to become a leading LMS across the region. OpenLearning is experiencing rapid growth in the Philippines, having signed over A$1.8 million in new SaaS agreements with leading public and private universities since the start of 2025. The company has secured multi-year contracts with UP Manila, CIT University, and SPCF, and established a nationwide reseller partnership with C&E Publishing/CE Logic. These developments position OpenLearning as one of the fastest-growing LMS providers in the Philippines, with a strong pipeline supported by C&E Publishing's sales force, training division, and institutional relationships going into 2026.

OpenLearning remains on track to achieve cash flow breakeven within 18 months, consistent with the Company's guidance from its recent strongly supported placement.