1 for 5 Rights Issue Offer Document

KEY TERMS OF THE OFFER
Issuer : Enprise Group Limited.

Offer : A pro rata renounceable rights issue of 1 New Share for every 5 Existing Shares held at 5.00pm (NZ time) on the Record Date, with fractional entitlements being
rounded up to the nearest share.

Eligible Shareholders : A Shareholder with a registered address at 5.00pm (NZ time) on the Record Date

Rights : The right to subscribe for New Shares under the Offer. Eligible Shareholders have an entitlement to subscribe for 1 New Share for every 5 Existing Shares held on the Record Date (5.00pm, 6 September 2023). Eligible Shareholders may take up some or all or none of their Rights.

Issue Price : NZ$0.50 or AU$0.47 per New Share. Enprise will assume shareholders with an address in Australia will wish to pay in Australian dollars, unless they contact LINK Market Services to arrange payment in New Zealand dollars, and vice versa for shareholders that do not have an address in Australia but that might wish to pay in Australian dollars.
The Issue Price represented a 24.13% discount to the 10 day VWAP for Enprise shares as at the date of the announcement of this Offer to the market.

Offer size : Approximate amount to be raised under the Offer: NZ$1,743,006

New Shares : Ordinary Shares of the same class as, and that rank equally with, Existing Shares
at the time of allotment of the New Shares.

Shares currently on issue : 17,430,061 Ordinary Shares quoted on the Main Board
Maximum number of New

Shares being offered : Up to 3,486,012 New Shares.

Maximum number of Ordinary Shares on
completion of the Offer : 20,916,073 Ordinary Shares

How to apply : Applications must be made by completing an online application at https://enprise.rightsoffer.co.nz. Payment may be made in New Zealand dollars by direct debit or Australian dollars by direct credit.

Underwriting : The Offer is not underwritten.

---

Announcement PDF