Replacement Bidder's Statement

• Embark Early Education Ltd makes off-market takeover bid for all shares of Mayfield Childcare Ltd
• Offer consideration of 1 Embark Share for every 1.24 Mayfield Shares or $0.50 cash per Mayfield Share
• Offer open until 5 March 2026 unless extended or withdrawn

Embark Early Education Limited (Embark) has announced a replacement bidder's statement for its off-market takeover bid for all the shares of Mayfield Childcare Limited (Mayfield). The offer consideration is 1 Embark Share for every 1.24 Mayfield Shares or $0.50 cash per Mayfield Share. The offer is open until 7:00pm (Sydney time) on 5 March 2026, unless extended or withdrawn. Embark has provided detailed information on the terms of the offer, its intentions for Mayfield, funding arrangements, and key risks. The bidder's statement also includes an overview of Embark, Mayfield, and the combined group. Shareholders of Mayfield are advised to read the document carefully and seek professional advice before deciding whether to accept the offer.