Underwriting of Listed Options

• AnteoTech has entered into an underwriting agreement with MST Financial Services.
• The Underwriter will subscribe for up to 286,628,688 shares.
• The Underwriter has sub-underwriting arrangements with various investors.

AnteoTech Limited (ASX: ADO) has announced that it has entered into an underwriting agreement with MST Financial Services Pty Ltd. The Underwriter will underwrite the exercise of up to 214,285,714 unexercised 'ADOO' options, with each option having an expiry date of 31 May 2026 and an exercise price of $0.035. Under the agreement, the Underwriter will subscribe for up to 286,628,688 shares, raising approximately $10,000,000. The Underwriter has also entered into sub-underwriting arrangements with various sophisticated and professional investors. The Underwriting Agreement may be terminated under certain conditions, including breaches of the agreement, regulatory actions, and changes in political or economic conditions. The fee payable to the Underwriter is 6% of the Underwritten Amount.

Raising up to $10,000,000 from underwriting agreement.

The underwriting agreement is expected to be completed by 5 June 2026, subject to board discretion.