• Increased offer price represents a 31.7% premium to CYB's last closing price
• Offer is unconditional and provides immediate cash exit for CYB shareholders
• 5GN will not extend the offer period beyond 6 February 2025 or increase the offer price

5G Networks Ltd (5GN) has issued a first supplementary bidder's statement to increase its unconditional on-market cash offer to acquire all of the ordinary shares in AuCyber Ltd (CYB) that it does not already own. The increased offer price is 13.5 cents per CYB share, up from the original offer of an unspecified amount. This increased offer price represents a 31.7% premium to the closing price of CYB shares on 19 December 2024, the last trading day prior to the announcement of the original offer. It also represents a 23.9% premium to the 5-day volume-weighted average price of CYB shares up to 19 December 2024. 5GN states that the increased offer price is compelling for CYB shareholders and provides them with an immediate opportunity to realize value for their investment. The offer is unconditional, allowing CYB shareholders to sell their shares on-market and receive the cash consideration within 2 trading days. 5GN highlights that if shareholders do not accept the offer, they may be exposed to risks such as reduced liquidity in CYB shares and potential compulsory acquisition if 5GN acquires more than 50% of the company. Importantly, 5GN announces that it will not extend the offer period beyond 4pm (Melbourne time) on 6 February 2025, unless required to do so by law, and that the 13.5 cents per share offer price is its last and final price.