Embark redeems remaining Notes

5 December 2022 Embark Education redeems remaining medium-term notes Embark Education Limited (NZX/ ASX: EVO) advises that it has exercised its option for early redemption of the remaining medium-term notes (principal amount of AUD20,676,000 on issue) and fully repaid these notes on 5 December 2022. The notes incurred an interest rate of 7.5% p.a. and were redeemed at the early redemption option price of 102% of face value. This announcement has been authorised for release by Embark Education's Board of Directors. For further information please contact: Chris Scott Managing Director E-mail: chris.scott@evolveedu.com.au or Edmund Mah Chief Financial Officer Embark Education Limited E-mail: edmund.mah@embarkeducation.com.au End CA:00403590 For:EVO Type:MKTUPDTE Time:2022-12-05 16:30:45