• Securityholders approve recapitalisation with Rockworth and acquisition of Firmus Capital
• Execution of asset realisation program through sale of co-investment in Elanor Wildlife Park Fund
• Repayment of $21 million of senior secured facility with Keyview

Elanor Investors Group (ASX: ENN) has provided a market update on key business developments, including securityholder approval of the recapitalisation with Rockworth Capital Partners and the acquisition of Firmus Capital. The $125 million Rockworth recapitalisation will facilitate repayment of the existing senior secured finance facility and corporate notes, stabilising Elanor's balance sheet. The Group has also executed its asset realisation program, completing the sale of its co-investment in the Elanor Wildlife Park Fund for $13 million, and has repaid approximately $21 million of its senior secured facility with Keyview. The Group is progressing leadership renewal and strengthening corporate governance, including establishing a separate independent trustee and responsible entity board for its managed funds. Elanor is also engaging a brand strategy firm to reposition the business in line with its strategic objectives of growing funds under management through expanding institutional capital partners and accessing inbound Asian-based capital.

Elanor is targeting completion of the Rockworth recapitalisation and Firmus Capital acquisition on or around 31 March 2026. The Group's HY26 financial results and Appendix 4D are expected to be completed in late March 2026.

The Rockworth recapitalisation and Firmus Capital acquisition are expected to provide a strong foundation for stabilising and growing Elanor's Australian business, while expanding into Asia through targeted capital-led growth opportunities.