$9m Placement completion and opening of Share Purchase Plan

MEDIA RELEASE

TradeWindow announces successful completion of $9m Placement and opening of Share Purchase Plan

Auckland, NZ – 14 July 2022

Trade Window Holdings Ltd (TradeWindow) advises that it has received subscriptions in excess of the $9 million sought for the private placement as announced on 12 July 2022. The Placement was strongly supported, attracting bids in excess of the total offer amount.

The Placement was conducted at a fixed price of $0.70 per share, representing a 30.7% discount to the closing price of $1.01 on 11 July 2022.

TradeWindow CEO AJ Smith said: "We are extremely pleased with the outcome of the placement, which was well supported by both existing and new shareholders. The capital raising provides TradeWindow with the funding to continue to execute on quality growth opportunities moving forward."

Settlement and allotment of the new shares issued under the Placement is expected to occur on Wednesday, 20 July 2022.

The Share Purchase Plan opens today

TradeWindow is pleased to also announce the opening of its $1 million Share Purchase Plan (SPP), which forms part of TradeWindow’s approximately $10 million capital raising.
The SPP is open to TradeWindow shareholders recorded on TradeWindow’s register as at 5.00pm (NZ time) on 11 July 2022 that:
a) have an address in New Zealand; and
b) are not acting for the account or benefit of a person who resides outside New Zealand.

Eligible shareholders will receive their application forms to apply for up to a maximum of $15,000 of new shares per shareholder at an issue price equal to the lower of:
a) $0.70 per new share (being the same issue price as the Placement); and
b) a 2.5% discount to the volume weighted average price of TradeWindow shares traded on the NZX during the five trading days up to, and including, the end of the SPP offer period.

TradeWindow has the ability to accept additional applications at its discretion, and if scaling of the SPP is required, applications will be scaled having regard to existing shares held at 5.00pm (NZ time) on 11 July 2022 (being the Record Date for the SPP).

The new shares will rank equally with existing TradeWindow shares on issue.

Eligible shareholders can apply online at https://www.shareoffer.co.nz/tradewindow.io until 5.00pm (NZ time) on Monday, 25 July 2022.

The SPP offer document can be found at https://www.shareoffer.co.nz/tradewindow.io

Event Date
Record date Monday, 11 July 2022
SPP opens Thursday, 14 July 2022
Entitlement letters sent to eligible shareholders Thursday, 14 July 2022
SPP closes (last time for applications) 5.00pm (NZ time), Monday, 25 July 2022
SPP results and issue price announced Thursday, 28 July 2022
Settlement of Share Purchase Plan and commencement of trading of allotted New Shares on the NZX Friday, 29 July 2022

The dates are subject to change and are indicative only.
TradeWindow reserves the right to alter the key dates, subject to applicable laws and NZX Listing Rules.

Further information

For further information in respect of the Placement and SPP, please refer to the capital raising presentation released to the NZX on 12 July 2022.

More investor information about TradeWindow, including the Listing Profile and investor presentation, is available at www.nzx.com under the ticker "TWL".

ENDS

Released for and on behalf of TradeWindow by:
Deidre Campbell
Chief Financial Officer

For further information:
Investors
Andrew Balgarnie
TradeWindow
+64 27 227 3541 Media
Coran Lill
The Project
+64 27 342 3836


About TradeWindow:
Founded in December 2018, TradeWindow is an early-stage software company that provides digital solutions for exporters, importers, freight forwarders, and customs brokers to drive productivity, increase connectivity, and enhance visibility. TradeWindow’s software solutions integrate to form a cohesive digital trade platform that enables customers to more efficiently run their back-end operations, share information and securely collaborate with a global supply chain made up of customers, ports, terminals, shipping lines, banks, insurance companies, and government authorities.
www.tradewindow.io

Not for distribution or release in the United States.
This announcement is not financial product advice and has not taken into account your objectives, financial situation or needs. This announcement has been prepared for release in New Zealand. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States or in any jurisdiction in which such an offer would be illegal. The offer and sale of the shares referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933 (the U.S. Securities Act) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the new shares to be offered and sold in the Placement may not be offered or sold, directly or indirectly, in the United States or to persons that are acting for the account or benefit of persons in the United States, unless they have been registered under the U.S. Securities Act, or are offered and sold in a transaction exempt from, or not subject to, the registration requirements of the U.S. Securities Act and any other applicable state securities laws. The new shares to be offered and sold in the SPP may not be offered or sold, directly or indirectly, to any person in the United States or any person acting for the account or benefit of a person in the United States.

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Announcement PDF