• 5GN's revised offer represents a 22.7% increase in bid consideration
• Offer is unconditional and certain, providing cash funds in T+2 days
• No superior proposal has emerged, and AUCyber's financial viability remains uncertain

AUCyber Limited has issued a first supplementary target's statement in response to 5G Networks Limited's (5GN) revised on-market takeover bid to acquire all shares in AUCyber for $0.135 (13.5 cents) cash per share, representing a 22.7% increase in bid consideration. The AUCyber Board now unanimously recommends that all shareholders accept 5GN's revised offer in the absence of a superior proposal. The key reasons are: 1) The revised offer represents a 31.7% premium to the share price prior to the initial offer announcement; 2) The cash consideration is unconditional and certain, with funds to be received in T+2 days; 3) No superior proposal has emerged, with the previous competing proposal from Brennan being withdrawn; and 4) AUCyber's financial viability remains uncertain, with the company withdrawing its FY25 guidance, reporting weaker than expected performance, and having no permanent CEO. The AUCyber Directors intend to accept the revised offer for any shares they hold, in the absence of a superior proposal. Shareholders are advised to accept the offer before the closing date of 6 February 2025, unless the offer period is extended.