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Placement and Entitlement Offer Announcement

Austco Healthcare Limited (ACN 108 208 760) (ASX: AHC) (Austco or the Company) is pleased to announce that it has received binding commitments for a placement of 37,297,297 ordinary shares to sophisticated and professional investors (the Placement) at an issue price of $0.185 per share to raise $6.9 million.

In conjunction with the Placement, the Board of AHC is also pleased to announce the launch of a 1 for 22 pro rata, non-renounceable entitlement offer to Eligible Shareholders (Entitlement Offer) to raise up to
approximately $2.82 million.

Please find the full press release here.