Scheme Booklet registered with ASIC

• ASIC has registered the Scheme Booklet for the proposed acquisition by Starboard BidCo.
• The Independent Expert's Report concludes the Scheme is in the best interests of shareholders.
• Steadfast Board recommends shareholders vote in favor of the Scheme.

Steadfast Group Limited (ASX: SDF) announced that the Supreme Court of New South Wales has approved the convening of a meeting of Steadfast shareholders to consider and vote on the proposed acquisition by Starboard BidCo, an entity indirectly owned by Dragoneer Investment Group and KKR. The Scheme Booklet, providing information about the Scheme, has been registered with the Australian Securities and Investments Commission (ASIC). The Scheme Booklet contains the Independent Expert's Report, which concludes that the Scheme is in the best interests of Steadfast shareholders in the absence of a superior proposal. The Independent Expert assessed the value of a Steadfast share on a controlling interest basis to be between $5.44 and $6.09 per share, with the Scheme Consideration falling within this range. The Steadfast Board unanimously recommends that shareholders vote in favor of the Scheme, subject to certain conditions.