Announcement PDF ASX: 5GG | ASX ANNOUNCEMENT 22 MARCH 2024 PENTANET SECURES PLACEMENT TO SUPPORT CLOUD GROWTH HIGHLIGHTS: • Pentanet has received binding commitments to raise $4.28 million (before costs), $4.0m after costs. • The Placement was supported by multiple international and domestic institutional and high-net worth investors, several of which have a focus on high-growth technologies. • Proceeds of the Placement will be applied towards: o CAPEX for NVIDIA cloud servers and infrastructure: $3.0m o General working capital & costs of the Placement: $1.28m Pentanet Limited (ASX:5GG) (Pentanet or Company) is pleased to announce that it has received binding commitments for a placement of shares to multiple international and domestic institutional and high-net worth investors (Placement). The Company will issue 59,444,445 new fully paid ordinary shares under the Placement at an issue price of $0.072 per share (Issue Price). The Placement bookbuild saw strong demand from Australian brokers with commitments from both existing and new investors providing an endorsement of the Company’s growth plans. Demand for the placement exceeded the total amount the Company sought to raise. Proceeds of the Placement will be used by Pentanet to invest in NVIDIA cloud servers and infrastructure, working capital for growth and the costs of the Placement. Under the amended terms of the NVIDIA GeForce NOWTM Alliance Partner Agreement (GFNA Agreement or Agreement), Pentanet will continue being the exclusive distributor for GeForce NOW in Australia, with New Zealand included as a serviceable territory, and a pathway to Indonesia on a non-exclusive basis. Pentanet Limited has announced that the Company has also worked with NVIDIA on the upgrade of its Gen 3 cloud infrastructure with NVIDIA L40 GPUs to bring Pentanet into the NVIDIA Graphics Delivery Network (GDN). The strategic direction is expected to drive additional growth and expand Pentanet’s cloud gaming market share, whilst opening new revenue streams. Commenting on the Placement, Pentanet Managing Director, Stephen Cornish, said: “The recent updates to our NVIDIA GeForce NOW opportunities abroad, as well as becoming a part of the global NVIDIA GDN puts us in a unique position as a Company to be further positioned in the supply ecosystem of a growing industry. We are grateful to existing shareholders and welcome the addition of new institutional investors into the Company who are aligned with our future growth opportunities.” Placement Details The Issue Price of $0.072 per share under the Placement represents a 19.6% discount to the 15-day volume weighted average price of Pentanet shares up to and including 19 March 2024 and a 12.2% discount to the last traded price of Pentanet shares (as at 19 March 2024). Shares under the Placement will be issued under the Company’s available ASX Listing Rule 7.1 (22,071,724 shares) and 7.1A (37,372,721 shares) placement capacity and will rank equally with existing shares on issue. Settlement of the Placement is expected to occur on or about 2 April 2024. PAC Partners Securities Pty Ltd acted as lead manager. investors@pentanet.com.au +61 8 9466 2672 Unit 2, 8 Corbusier Place, Balcatta WA 6021 ABN: 29 617 506 279 Use of Funds Proposed Use of Funds $M CAPEX for NVIDIA cloud servers and infrastructure 3.0 General working capital & costs of the Placement 1.28 Total 4.28 The proposed use of funds may be subject to modification on an ongoing basis depending on the results obtained from the Company's activities. Due to market conditions, the development of new opportunities and/or any number of other factors, actual expenditure levels may differ from that disclosed above. Further Information Nothing contained in this announcement constitutes investment, legal, tax or other advice. Investors should seek appropriate professional advice before making any investment decision. An Appendix 3B for the proposed issue of shares under the Placement will follow this announcement. This announcement has been authorised for release by the Managing Director of Pentanet Limited, Mr Stephen Cornish. FOR FURTHER INFORMATION, PLEASE CONTACT: Mr. Stephen Cornish Managing Director Mr. Arron Canicais Joint Company Secretary Ms. Mart-Marie Derman Chief Financial Officer About Pentanet Pentanet is a Perth-based, growth-focused telco delivering high-speed internet to a growing number of subscribers by providing nextgeneration internet speeds. This is achieved through Pentanet's market-leading private wireless network, the largest in Perth, as well as reselling fixed-line services such as nbn® and Opticomm. The Company’s flagship wireless network has benefits for both customers and investors, offering an outstanding customer experience and a fixed wireless product that is technically superior to most of the nbn with attractive margins for investors. This sets Pentanet apart from most broadband providers, which typically only resell the nbn. Pentanet is also part of the rollout of the next wave of subscription-based entertainment services – cloud gaming. The Company's Alliance Partner Agreement with NVIDIA allowed Pentanet to be the first to bring their GeForce NOW technology to Australia in 2021. Since launch, the platform has amassed over 530,000 users. Pentanet invites existing and prospective shareholders to join the conversation within the Company’s interactive Investor Hub at investorhub.pentanet.com.au/ . investors@pentanet.com.au +61 8 9466 2672 Unit 2, 8 Corbusier Place, Balcatta WA 6021 ABN: 29 617 506 279