Response to ASX Price Query

• IDP Education Ltd is not aware of any undisclosed information affecting its securities.
• A research analyst's new report with a reduced price target may explain recent trading.
• The company confirms compliance with ASX Listing Rules, particularly Rule 3.1.

IDP Education Ltd responded to an ASX query regarding the recent trading activity in its securities. The company confirmed that it is not aware of any undisclosed information that could explain the price movement. However, a new equity research report issued on 28 May 2026, which reduced the price target, may have contributed to the trading activity. IDP Education Ltd assured the ASX that it is in compliance with the Listing Rules, particularly Listing Rule 3.1. The company's responses were authorized under its Continuous Disclosure Policy.

IDP Education Ltd did not provide any forward-looking outlook in its response.