ASX waiver received in connection with proposed Scheme

• Qube receives ASX waiver to implement Scheme on alternative timetable
• Waiver allows for payment of special dividend after Scheme becomes effective
• Changes to timetable to facilitate Bidder's drawdown of funds for cash consideration

Qube Holdings Limited (ASX:QUB) has announced that it has received a waiver from ASX Listing Rule 7.40 in connection with the timetable for the proposed acquisition of all of its outstanding ordinary shares by Rubik Australia Pty Limited, by way of a scheme of arrangement. The effect of this waiver is to permit Qube to implement the Scheme on an alternative timetable, which will allow for the payment of a special dividend after the Scheme becomes effective, subject to the Qube Board's discretion. Qube intends to fully frank any special dividend declared and paid in accordance with the Scheme Implementation Deed. Additionally, changes have been made to the standard timetable to facilitate the Bidder's drawdown of funds for the payment of the cash scheme consideration amount. Qube anticipates that it will despatch the notices of meeting for the scheme meetings and a scheme booklet to Qube shareholders, following the first court hearing currently scheduled for 23 April 2026, in advance of the court-convened scheme meetings currently anticipated to be held in June 2026. The Qube Board unanimously recommends that Qube shareholders vote in favour of the Scheme, in the absence of a Superior Proposal and subject to an independent expert concluding that the Scheme is in the best interests of Qube shareholders (other than UniSuper).