• Raised gross proceeds of $73.4 million through Retail Reinvestment Plan
• Issued 20.6 million new shares at $3.566623 per share
• Total take-up rate of approximately 53%
• Increased free float to 27%, from 23% before the Reinvestment Plan

TPG Telecom Limited (ASX: TPG) has announced the completion of the retail component of its non-underwritten reinvestment plan that opened on 20 November 2025. The Retail Reinvestment Plan closed on 5 December 2025 and raised gross proceeds of approximately $73.4 million, representing approximately 20.6 million new fully paid ordinary shares at an issue price of $3.566623 per share. This represents a total take-up rate of approximately 53%. The purpose of the Reinvestment Plan was to enable minority shareholders to reinvest their share of the Capital Return that TPG Telecom paid on 24 November 2025 in new shares, to offset the impact of the Capital Return on TPG Telecom's free-float market capitalisation and increase minority ownership of the Company. Under the Reinvestment Plan, TPG Telecom has issued approximately 103.7 million new shares, increasing TPG Telecom's free float to 27%, from approximately 23% before the Reinvestment Plan. The new shares issued under the Retail Reinvestment Plan will be issued on 11 December 2025 and will rank equally with all existing fully paid ordinary shares of TPG Telecom.