• Matrix shareholders to receive $0.40 cash per share, representing a premium of up to 68% to recent trading levels
• Matrix Board unanimously recommends the Scheme, in the absence of a Superior Proposal
• Scheme expected to be implemented by the end of July 2026

Matrix Composites & Engineering Ltd (ASX: MCE, 'Matrix') has entered into a binding Scheme Implementation Deed with Advanced Innergy Holdings Ltd (ASX: AIH) ('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 up to 68% to Matrix's recent trading levels. The Matrix Board has unanimously concluded that the Scheme represents a compelling outcome for Matrix shareholders, delivering all-cash consideration at an attractive premium and providing shareholders with certainty of value. The Matrix Board unanimously recommends 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. Subject to those same qualifications, each Matrix Director intends to vote all Matrix shares held or controlled by them in favour of the Scheme. The Scheme is expected to be implemented by the end of July 2026, subject to the satisfaction or waiver of the conditions precedent.