• Matrix has entered into a Scheme Implementation Deed with Advanced Innergy Holdings (AIH) to acquire 100% of Matrix
• Matrix shareholders will receive $0.40 cash per share, which represents a premium of up to 68% to recent trading levels
• The Matrix Board unanimously recommends the Scheme, subject to no superior proposal and the Independent Expert's conclusion

Matrix Composites & Engineering Ltd (ASX: MCE, 'Matrix') has entered into a binding Scheme Implementation Deed with Advanced Innergy Holdings Ltd (ASX: AIH), under which AIH has agreed to acquire 100% of the issued share capital of Matrix by way of a scheme of arrangement. If the Scheme becomes effective, Matrix shareholders will be entitled to receive $0.40 cash per Matrix share held on the Scheme Record Date. The Scheme Consideration represents a premium of 66.7% to Matrix's undisturbed closing share price on 30 March 2026, and premiums of up to 68.0% to Matrix's recent volume weighted average share prices. The Matrix Board has unanimously recommended that Matrix shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to the Independent Expert concluding that the Scheme is in the best interests of Matrix shareholders. Each Matrix Director also intends to vote all Matrix shares held or controlled by them in favour of the Scheme, subject to the same qualifications. The Scheme is expected to be implemented by the end of July 2026, subject to the satisfaction or waiver of the conditions precedent.