Variation of Takeover Bid

• Crimson Consulting Australia increased the offer price for Kip McGrath shares from $0.73 to $0.75
• Kip McGrath directors now recommend shareholders accept the revised offer
• Shareholders can accept the offer online or via a personalized acceptance form

Crimson Consulting Australia Pty Ltd has increased its off-market takeover bid for Kip McGrath Education Centres Limited. The offer price for Kip McGrath shares has been raised from $0.73 to $0.75. The increased offer price applies to all Kip McGrath shareholders who accept the offer, including those who have already accepted. The Kip McGrath board has withdrawn its previous recommendation for shareholders to reject the offer and now recommends acceptance of the revised offer without delay, in the absence of a superior proposal.