Announcement PDF ASX: 5GG | ASX ANNOUNCEMENT 15 MARCH 2024 PENTANET EXTENDS GEFORCE NOW ALLIANCE AGREEMENT WITH NVIDIA FOR CLOUD GAMING IN AUSTRALIA & NEW ZEALAND. Pentanet Limited (ASX:5GG, Pentanet or Company) is pleased to confirm the execution of an amendment to the GeForce NOWTM Alliance Partner Agreement (GFNA Agreement or Agreement) with NVIDIA. The Agreement now formally recognises New Zealand as a serviceable territory, with a pathway to add neighbouring territories. It also allows Pentanet to continue being the exclusive distributor of GeForce NOW in Australia. Since launch, Pentanet has amassed 530,000+ GeForce NOW Powered by CloudGG members, serviced by infrastructure located in Perth and Sydney. The Company now also has a solid base of paid memberships, effectively covering the fixed monthly recurring costs incurred in the early stages when the service was launched. The cloud gaming market in Australia is projected to experience significant growth in the coming years. Pentanet Managing Director, Mr Stephen Cornish, said, “Now that we have demonstrated success with Nvidia, we are moving to a Capex deployment model more in-line with our requirements, and retain a first right of refusal to continue being the sole distributor for GFN in Australia. With over half a million members now part of the CloudGG ecosystem, Pentanet continues to demonstrate the growing appetite for cloud gaming in our territory.” Phil Eisler, Vice President of GeForce NOW at NVIDIA, said, “Pentanet has fostered a deeply engaged cloud gaming community in Australia with GeForce NOW Powered by CloudGG. Its commitment to delivering GeForce RTX 3080-level performance that elevates experiences for gamers nationwide and underscores the company’s dedication to pushes the boundaries of gaming and internet connectivity.” As released in Pentanet’s Q2FY24 Results, the Company’s gaming segment maintained positive EBITDA and achieved an encouraging 52% QoQ paid membership growth, up from 26% in the prior quarter. The overall growth on the platform is driven by a diverse membership offering with the introduction of the ‘Ultra’ membership tier, marketing efforts, new content additions, and additional growth from the launch of GeForce NOW Powered by CloudGG on the Optus SubHub platform. CHANGES TO KEY MATERIAL TERMS AS OUTLINED IN SECTION 7.8 OF THE COMPANY’S PROSPECTUS DATED 27 JANUARY 2021 The GFNA agreement has no finite term and is ongoing. • Pentanet Limited is able to extend its GFNA exclusivity in Australia in six-month increments for each additional purchase of $1.5m USD in GFN POD infrastructure. investors@pentanet.com.au +61 8 9466 2672 Unit 2, 8 Corbusier Place, Balcatta, WA 6021 ABN: 29 617 506 279 • Should Pentanet not extend exclusivity, it will have first right of refusal to re-engage exclusivity, by placing a non-cancellable purchase order of GFN POD infrastructure within 30 days notice of a third-party competing offer to deploy the GFN service in Australia. As per 5GG Prospectus – Jan 2021 As per GFN Agreement - Amendment The Company may be granted exclusivity in Australia for an initial period of 12 months from the date of Commercial Launch (Initial Exclusivity Period) if, in its discretion, the Company decides to increase its investment to one GFN Pod from NVIDIA (by purchasing an additional 24 GFN Game Servers). This exclusivity period will be extended for a further 12 months if the Company, in its discretion, purchases a second GFN Pod within the Initial Exclusivity Period. The parties will thereafter negotiate any further extensions to exclusivity terms within the Territory beyond this 24-month period. The NVIDIA Agreement covers Australia (Territory). NVIDIA grants Alliance Partner 30 months of exclusivity for the GFN Service in Australia (“Initial Exclusivity Period”) following the Australian GFN Service commercial launch date of October 19, 2021. For the sale of clarity, exclusivity is meant to encourage necessary technology investments by Alliance Partners in order to ensure a consistent worldwide user experience. The Territory defined in Exhibit A of the Agreement be deleted in its entirety and replaced with the following: AUSTRALIA AND NEW ZEALAND POTENTIAL TERRITORY EXPANSION If Alliance Partner deploys new or existing GFN Pod infrastructure in Indonesia, the Territory defined in this Exhibit A will be expanded to include INDONESIA. Alliance Partner may provide its GFN service to Indonesia on a non-exclusive basis. 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 Mr. Arron Canicais Ms. Mart-Marie Derman Managing Director Joint Company Secretary 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 next-generation 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. investors@pentanet.com.au +61 8 9466 2672 Unit 2, 8 Corbusier Place, Balcatta, WA, 6021 ABN: 29 617 506 279 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. investors@pentanet.com.au +61 8 9466 2672 Unit 2, 8 Corbusier Place, Balcatta, WA, 6021 ABN: 29 617 506 279