Suvo Completes Upsized and Oversubscribed Share Purchase Plan

• Share purchase plan (SPP) closed significantly oversubscribed with AUD 2.663M of applications.
• In recognition of the strong level of shareholder support, the Suvo board of directors (Board) have exercised their discretion to increase the SPP offer to AUD 2M (before costs), resulting in a scale back of AUD 0.663M.
• The SPP follows the successful completion of a AUD 2.5M placement, bringing total new capital raised to AUD 4.5M (before costs).
• Funding from the placement and SPP will support the ramp up of production at Pittong and accelerate the commercialisation of Suvo’s IP for a low carbon geopolymer concrete.