• Azzurri Concrete, a leading NSW concrete construction company, has subscribed for 4.9% of Parkd Ltd through a strategic placement
• The $220,000 placement represents a 36.4% premium to the last closing price and a 33.2% premium to the 10-day VWAP
• Azzurri's investment reflects confidence in Parkd's modular technology and the significant data-centre and industrial market opportunity in NSW

Parkd Ltd ('Parkd', 'PKD' or the 'Company') has announced that Azzurri Concrete Group Pty Ltd ('Azzurri'), one of New South Wales' leading concrete construction companies, has subscribed for approximately 4.9% of Parkd's issued capital through a strategic placement of new shares at $0.03 per share, raising $220,000 (before costs). The placement price represents a 36.4% premium to the last closing price of $0.022 and a 33.2% premium to the 10-day VWAP of $0.0225. Azzurri, founded in 2004 and headquartered in Wetherill Park, NSW, has grown into one of NSW's leading concrete construction companies with over 100 staff, 500+ completed projects and involvement in more than $1 billion of combined project value. Azzurri operates across commercial, industrial and infrastructure sectors, with notable projects including Lendlease's One Sydney Harbour at Barangaroo, the W Hotel Sydney, and Mirvac's NINE residential development, as well as major industrial and distribution centre projects across Greater Sydney. Azzurri's strategic investment reflects a shared commitment to modern methods of construction, with Parkd's modular structural system being particularly suited to the rapidly expanding data centre and industrial sectors in NSW where significant construction investment is anticipated. The system supports structural loads of up to 25kPa and clear spans of up to 22 metres, critical requirements for data centre floor structures and multi-level industrial facilities. Parkd's prefabricated approach enables floor modules to be assembled off-site or at ground level and lifted into position, significantly reducing time on-site and minimising working at height. These benefits directly address the construction industry's critical challenges around labour availability, safety and productivity and are complementary to Azzurri's operations and pipeline of works in New South Wales.

Azzurri's strategic placement strengthens Parkd's market position in New South Wales and broadens its customer reach on the east coast. Parkd's Penrith prefabrication facility is operational with production capacity of approximately 65,000m² per annum, supporting the Company's ability to service the growing pipeline. The Company looks forward to updating the market on expanded project opportunities in due course.