Update on Change of Control Proposals

• Pacific Equity, I Squared, and Oaktree reconfirmed their offers
• Offers range from $1.60 to $1.65 per share
• Board to engage with parties for up to four weeks
• No certainty of a binding offer or transaction

oOh!media Limited has disclosed that Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management have reconfirmed their non-binding indicative offers for a change of control. The offers range from $1.60 to $1.65 per share. The Board intends to continue engaging with all three parties to finalize confirmatory diligence and negotiate binding transaction documentation. This process is expected to take up to four weeks. There is no certainty that any proposal will result in a binding offer or that any transaction will eventuate. The Board recommends that shareholders take no action in relation to any proposal at this time.

The Board is in the process of finalizing confirmatory diligence and negotiating binding transaction documentation with the parties.