Update on Potential Change of Control Transaction

• Received non-binding offers from PEP and ISQ
• Board deemed offers inadequate
• Engaged with additional parties, received revised proposals
• Further due diligence expected over six weeks
• No certainty of binding offer or transaction

Ooh!media Limited (ASX: OML) has received revised proposals from multiple third parties, including Pacific Equity Partners (PEP), I Squared Capital (ISQ), and Oaktree Capital Management, regarding a potential change of control transaction. The initial offers were deemed inadequate by the board, prompting further engagement with additional financial sponsors. The revised proposals offer $1.60 per share, subject to conditions. The board intends to provide further due diligence access to these parties over the next six weeks. There is no certainty that any proposal will result in a binding offer or that any transaction will eventuate.