• Latitude is considering launching a new Latitude Capital Notes 2 offer
• The offer may include a reinvestment option for holders of existing Latitude Capital Notes (CN1)
• Investors will need to participate through a Syndicate Broker or financial adviser to comply with product design and distribution obligations

Latitude Group Holdings Limited (Latitude) has announced that it is considering the launch of a new Latitude Capital Notes 2 offer (Offer), which may include a reinvestment offer. The reinvestment offer would allow certain eligible holders of Latitude's existing Capital Notes issued in 2021 (CN1) to apply to reinvest all or some of their CN1 in the new Capital Notes 2. Whether the Offer and Reinvestment Offer proceed will depend on market conditions and other approvals. The purpose of the announcement is to provide details on the application process for the Offer if it proceeds. Due to the introduction of the product design and distribution obligations (DDO) regime, investors wishing to participate in the Offer (if it proceeds) will need to do so through a Syndicate Broker or a financial adviser associated with a Syndicate Broker. The Syndicate Brokers are expected to be Commonwealth Bank of Australia, Morgans Financial Limited, Ord Minnett Limited, and Westpac Institutional Bank. Investors interested in participating in the Offer will need to become a client of a Syndicate Broker or a financial adviser associated with a Syndicate Broker, and either qualify as a 'wholesale client' or be a retail investor within the target market for the Capital Notes 2 who has received personal advice from a financial adviser. There may be various costs and time associated with engaging a financial adviser, and not all financial advisers will have access to the Offer if it proceeds.