• Svava Pte Ltd has made a non-binding indicative proposal to acquire 100% of SelfWealth Ltd for $0.28 per share
• Svava has also acquired a 18.8% stake in SelfWealth
• SelfWealth Board is reviewing the Svava Proposal to determine if it is superior to the existing Bell Offer

SelfWealth Ltd (ASX:SWF) has announced that it has received a non-binding indicative proposal from Svava Pte Ltd ('Svava') to acquire 100% of the shares in SelfWealth for $0.28 cash per share by way of a scheme of arrangement. Svava has also notified SelfWealth that it has acquired beneficial ownership of approximately 43.4 million SelfWealth shares, representing approximately 18.8% of shares on issue. Svava, through its Syfe brand, operates wealth management platforms in Singapore, Australia, and Hong Kong. The Svava Proposal values SelfWealth at approximately $65 million on a 100% equity basis and represents a 133% premium to the last close share price of SelfWealth of $0.120 as at 12 November 2024, prior to the announcement of Bell's initial public proposal for SelfWealth. The SelfWealth Board, having reviewed the Svava Proposal with the assistance of its financial and legal advisers, has determined that the Svava Proposal, while indicative and non-binding, could reasonably be considered to become a Superior Proposal (as defined in the Bell SID). As such, SelfWealth is permitted under the Bell SID to engage further with Svava to establish whether the Svava Proposal is reasonably capable of being valued and completed, and would be likely to be more favourable to SelfWealth shareholders than the Bell Offer. The SelfWealth Board continues to unanimously recommend that SelfWealth shareholders vote in favour of the Bell Offer, in the absence of a Superior Proposal and subject to an independent expert concluding that the Bell Offer is in the best interests of SelfWealth shareholders.