March 1, 2024

Seprod Limited (SEP) has advised that on January 19, 2024, Musson Investments Limited (“MIL”) made an offer to purchase up to 13,948,000 ordinary shares in the Company (being 1.90145% of the ordinary shares in SEP not already owned by MIL and its associates) at a cash price of $78.00 per share (the “Offer”). The Offer was made by way of a Take-Over Bid Offer Circular (the “Offer Circular”), which was delivered to the Board of Directors of Seprod and then sent to the shareholders of Seprod. The Offer expired on February 15, 2024. MIL hereby wishes to advise that accepting shareholders of the Offer will receive payment for 100% of the shares tendered. The Block Transfer for the tendered shares occurred on February 27, 2024, and the payment for the tendered shares will be settled on February 28, 2024.

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