Humm receives s203D Notice & Non-Binding Indicative Proposal

• Humm Group received a s203D notice to remove 3 directors
• Humm also received a non-binding indicative proposal from Credit Corp to acquire 100% of Humm
• Proposed scheme of arrangement at $0.77 per share or off-market takeover at $0.72 per share

Humm Group Limited (ASX:HUM) ('hummgroup' or 'the Company') announces that it received a notice under section 203D of the Corporations Act from Jeremy Raper and Collins Street Value Fund on 15 December 2025, stating an intention to move resolutions at a general meeting to remove Andrew Abercrombie, Robert Hines and Andrew Darbyshire as Directors of hummgroup, along with any other director appointed after 15 December. Separately, hummgroup also announces receipt of a non-binding indicative proposal from Credit Corp Group Limited (ASX: CCP) ('Credit Corp') to acquire 100% of the Company. Credit Corp's indicative proposal comprises a proposed scheme of arrangement at $0.77 per hummgroup share in cash (less any dividends or distributions declared after 19 November 2025), or alternatively should the scheme be unsuccessful, an off-market takeover offer at $0.72 per share in cash (less any dividends or distributions declared after 19 November 2025), conditional upon Credit Corp achieving acceptances for 50.1% of hummgroup's shares. The hummgroup Board is carefully evaluating Credit Corp's proposal and is prepared to work constructively with Credit Corp to see if a proposal can be developed that it is prepared to recommend for consideration by the shareholders.