Overview of Count's recent transaction update

Count Limited (ASX: $CUP) has completed the investment in Solutions Centric, an Australian company providing offshore accounting, tax, and SMSF services out of India. The acquisition enhances Count's Services segment proposition by complementing existing group services supporting accounting and financial planning businesses, along with actuarial certificates, SMSF, and tax training/education. The acquisition of 51% in Solutions Centric became effective on 5 April 2024. Additionally, Count's proposed divestment of 100% of Bentleys (WA) Pty Ltd to Fortuna Perth Pty Ltd, as announced on 28 February 2024, did not complete by its cut-off date due to non-satisfaction of the conditions precedent. Count is currently in discussions with various parties and exploring other strategic options, including the potential sale of the business.

Executive Commentary on Recent Transactions

The acquisition of Solutions Centric aligns with Count's strategic focus on expanding its Services segment and enhancing the range of offerings to support accounting and financial planning businesses. We believe that the addition of offshore accounting, tax, and SMSF services will provide significant value to our clients and strengthen our position in the market. While the proposed divestment of Bentleys (WA) Pty Ltd did not materialize as planned, we remain committed to exploring alternative avenues to optimize our business portfolio and drive sustainable growth. We are confident in our ability to navigate through these developments and continue to deliver value to our stakeholders.

Summary of Count's Transaction Update

Count Limited (ASX: $CUP) has successfully completed the investment in Solutions Centric, reinforcing its Services segment proposition with the addition of offshore accounting, tax, and SMSF services. The acquisition of 51% in Solutions Centric further enriches Count's suite of services supporting accounting and financial planning businesses, in addition to actuarial certificates, SMSF, and tax training/education. However, the proposed divestment of Bentleys (WA) Pty Ltd to Fortuna Perth Pty Ltd did not materialize within the specified timeframe due to non-satisfaction of conditions precedent. Count is actively engaged in discussions with various parties and exploring strategic options, including the potential sale of the business. The company remains focused on its strategic objectives and is dedicated to delivering sustainable value to its clients and stakeholders.