Implementation of the Scheme

• Scheme of arrangement implemented, with DUI shareholders receiving 0.47241 new AUI shares per DUI share
• Ineligible shareholders to receive cash proceeds from sale of new AUI shares
• DUI shares to be delisted from ASX on 1 May 2026

Diversified United Investment Limited (DUI) has announced that the scheme of arrangement under which DUI will merge with Australian United Investment Company Limited (AUI) has now been implemented. All DUI shares not already owned by or on behalf of AUI have been transferred to AUI, and eligible DUI shareholders have been issued approximately 0.47241 new AUI shares for each DUI share held on the Scheme Record Date of 7.00 pm on 23 April 2026. DUI shareholders who are Ineligible Shareholders will not receive new AUI shares, but will instead receive their pro-rata share of the net cash proceeds of the sale of such new AUI shares by the sale agent. Trading in DUI shares on the ASX was suspended at the close of trade on 21 April 2026, and DUI intends to apply for the termination of the official quotation of DUI shares on the ASX with effect from close of trade on 1 May 2026.