• 1-for-1 accelerated non-renounceable entitlement offer of shares at $0.15 per share
• Aims to raise approximately $18.6 million before costs
• Offer is jointly lead managed and fully underwritten

Murray Cod Australia Limited (ACN 143 928 625) (Company or MCA) is undertaking a 1 for 1 accelerated non-renounceable entitlement offer of Shares at an issue price of $0.15 per New Share to raise approximately $18.6 million before costs. The Retail Entitlement Offer closes at 4:00pm (Sydney time) on Wednesday, 20 May 2026. The Entitlement Offer is jointly lead managed and fully underwritten by Stralis Capital Partners Pty Limited ABN 42 681 579 515 (Stralis) and Ord Minnett Limited ABN 86 002 733 048 (Ord Minnett) (together, the Joint Lead Managers). The offer is being made pursuant to section 708AA of the Corporations Act (as modified) which allows entitlement offers to be offered without a prospectus. The Retail Offer Booklet and accompanying documents do not constitute an offer or invitation in any place in which, or to any person to whom, it would not be lawful to make such an offer or invitation. The New Shares have not been, and will not be, registered under the US Securities Act of 1933 and may only be offered and sold outside the United States in 'offshore transactions' in reliance on Regulation S under the US Securities Act.