Vista Group Successfully Completes Retail Entitlement Offer

VISTA GROUP SUCCESSFULLY COMPLETES RETAIL ENTITLEMENT OFFER Vista Group International Limited (Vista Group) is pleased to advise that it has successfully completed the retail entitlement offer component (Retail Entitlement Offer) of its 1 for 4.37 pro-rata non-renounceable accelerated entitlement offer (Entitlement Offer). A total of NZ$65 million will be raised under the Entitlement Offer and the institutional placement announced on 16 April 2020. The Retail Entitlement Offer closed at 5pm (NZST) on Tuesday, 5 May 2020 and raised gross proceeds of NZ$13.7 million. The Retail Entitlement Offer received strong support from Vista Group's Eligible Retail Shareholders with an effective take up rate, including allocations via the oversubscription facility, of 90%. Eligible Retail Shareholders took up 76% of their entitlements, with those who took up their entitlements in full also applying for an additional NZ$1.9 million of New Shares. Approximately 1.24 million New Shares were not taken up under the Retail Entitlement Offer and will be allotted to the sub-underwriters of the Retail Entitlement Offer. The New Shares to be issued under the Retail Entitlement Offer are expected to commence trading on the NZX Main Board on Wednesday, 13 May 2020 and on the ASX on Thursday, 14 May 2020, and will rank equally with existing Shares. Holding statements for New Shares issued under the Retail Entitlement Offer will be dispatched by the Registrar, Link Market Services Limited, on Wednesday, 13 May 2020. Additional information Shareholders who have any questions about the Entitlement Offer are encouraged to read the Offer Document and seek financial, investment or other professional advice from a qualified professional adviser. For more information on the content of this announcement, please contact: Kimbal Riley Chief Executive Officer Vista Group International Limited Contact: kimbal.riley@vista.co Matt Cawte Chief Financial Officer Vista Group International Limited Contact: matt.cawte@vista.co Note: All capitalised terms not defined in this announcement have the meanings given in Part 5: Glossary of Vista Group's Offer Document dated 16 April 2020. This announcement has been prepared for publication in Australia and New Zealand and is not for distribution or release in the United States. This announcement does not constitute an offer to sell, or the solicitation of an offer to buy, any securities in the United States. Any securities described in this announcement have not been, and will not be, registered under the US Securities Act of 1933, as amended, or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States except in transactions exempt from, or not subject to, registration under the US Securities Act and applicable US state securities laws. End CA:00352856 For:VGL Type:OFFER Time:2020-05-08 08:31:42