• FFG enters $5.67 million refinancing agreement with Arena Investors
• Includes $0.15 million additional drawdown
• Convertible notes to be issued, subject to shareholder and regulator approval

Fatfish Group Limited (FFG) has entered into an agreement with Arena Investors LP (Arena) for the refinancing of an existing $5.67 million debt and an additional drawdown of $0.15 million. The key details are:- Arena will provide FFG with immediate financing of $75,000 by way of issue of Convertible Notes (the First Tranche Convertible Notes).- Subject to shareholder and regulator approval, the existing $5,662,950 owed to Arena by FFG will be applied as a subscription for new Convertible Notes (the Second Tranche Convertible Notes).- Subject to shareholder and regulator approval, Arena will provide a further $75,000 in new financing by way of issue of Convertible Notes (the Third Tranche Convertible Notes).- The floor conversion price under the New Arena Convertible Notes is $0.0035 per Share.- The New Arena Convertible Notes will also be secured against FFG's assets.- Arena are also now entitled to nominate a director to join the Board of FFG.The First Tranche Convertible Notes will be issued within the coming days under FFG's ASX Listing Rule 7.1 capacity. The Second Tranche and Third Tranche Convertible Notes will be issued following shareholder approval to be sought at an Extraordinary General Meeting planned for early 2026.