Announcement PDF 18 December 2024 Company Announcements Pla1orm Australian Securi5es Exchange BPH Global receives funding commitment of A$100,000 by way of Conver?ble Notes Highlights • • The Company receives A$100,000 from Malaysian-based investor by way of ConverDble Notes AllocaDon of funds for commencement of Indonesian-based seaweed business Issue of ConverDble Notes BPH Global Ltd (ASX: BP8) (Company) is pleased to advise that it has raised $100,000 (before expenses) from a Malaysian-based investor (Investor) by way of the issue of conver5ble notes that are conver5ble into new ordinary shares in the Company (Shares) at A$0.003 per Share, and that will rank in all respects equally and form one class with all ordinary shares on issue as at the date of conversion (ConverDble Notes). ConverDble Notes terms The Conver5ble Notes terms are as follows: • The subscrip5on monies (A$100,00 before expenses) will be treated as an interest free unsecured loan to the Company (Loan) pending the issuance of the Shares to the relevant investor on conversion of the Loan. • The Company shall convert the Loan into Shares upon obtaining the necessary shareholder approval for the issue of the Shares to the Investor. • The Company intends to obtain the approval for the issuance of the Shares on conversion of the Loan at its proposed Extraordinary General Mee5ng (EGM) which BP8 expects to convene in February 2025. • If the Company elects to do so, it may also convert the Loan into Shares prior to the EGM under the Company’s placement capacity under ASX Lis5ng Rule 7.1 and/or 7.1A. • The Company shall seek to obtain the shareholder approval for the conversion of the Loan into Shares within 3 months. • If the Loan is not converted into Shares within 6 months, the Loan shall be repayable to the Investor without interest. • On conversion of the Loan, the conversion price is A$0.003 per Share. Use of funds The funds raised from the Investor will be used for: • The costs associated with the comple5on of the Company’s Indonesian seaweed-based business transac5on; • The costs associated with opera5ng the Indonesian based-seaweed business post comple5on of the transac5on; • Working capital; and • Costs of the Conver5ble Notes issue. Indonesian seaweed-based business - Background On 24 October 2024 the Company announced it had entered into a binding term sheet to acquire Indonesian-based assets for the joint development of an Indonesian-based seaweed business. Earlier this week the Company further announced that it: • had given no5ce to the JV Partners that it has successfully completed its due diligence review and is proceeding to comple5on of the transac5on. • had completed a placement of A$125,000 and would allocate a por5on of those funds raised to the comple5on arrangements and the costs associated with the development of the Indonesianbased seaweed business. Following comple5on of this addi5onal fundraising by way of the Conver5ble Notes, the Company will also use part of the proceeds to fund in part the comple5on arrangements and the costs associated with the development of the Indonesian-based seaweed business. These development costs include: • The cost to the Company of incorpora5ng a wholly owned, Indonesian-based subsidiary (BP8 Indonesia) to operate the Indonesian-based seaweed business; • The cost of obtaining various permits in the name of BP8 Indonesia to operate the business; and • The purchase of ini5al seaweed stock. The Company and the JV Partners are now focussed on sa5sfying the remaining condi5ons precedent to comple5on. Given the proximity to the Christmas-New Year holiday period, the Company and the JV Partners have agreed to extend the end date for sa5sfac5on (or waiver) of the condi5ons precedent to comple5on to 15 January 2025. The Company and the JV Partners an5cipate that comple5on will occur prior to that date. The Company will provide further updates in due course on its progress with these mafers. - END Authorised for lodgement by the Board of the Company For further informa5on, please visit our website at www.bp8global.com or contact: Mr Paul Stephenson Chairman of BPH Global Limited E: pauls@bp8global.com