Page 271 - ALEF EDUCATION PR REPORT MAY 2024

5/20/24, 1:09 PM PRESSR: Alef Education Holding plc announces its intention to list on the Abu Dhabi Securities Exchange — TradingView News
to solidify our market leadership at home and grow our presence across our

target markets through continued investment in our digital capabilities,
broadening our product offering and expanding our geographic footprint both

organically and through strategic M&A.

"With an agile and asset-light business model, we are highly cash-generative and

able to deliver growth with limited capital requirements. Benefiting from an

unlevered balance sheet, market-leading profitability margins, strong revenue

visibility, and trusted relationships with our customers, we are well positioned
to capitalise on favourable market trends to scale our platform, accelerate

growth, and deliver sustainable value for all our stakeholders.

"Our IPO on ADX is an important milestone and natural progression in our

journey to maximise our potential and become a global EdTech leader.

Supported by our transparent dividend policy, we are committed to delivering

strong shareholder returns in both the near and long term, and we look forward

to welcoming new shareholders in what is an exciting new chapter for Alef
Education.”

Details of the Offering

The Selling Shareholders expect to sell 20% of the total issued share capital of
Alef Education (equivalent to 1,400,000,000 shares). All shares are existing

shares being sold by the Selling Shareholders, Tech Nova Investment – Sole

Proprietorship L.L.C and Kryptonite Investments L.L.C and the Company will not

receive any proceeds from the Offering. The Selling Shareholders reserve the

right to amend the size of the Offering and the size of any Tranche at any time

prior to the end of the subscription period at their sole discretion, subject to
the applicable laws of the UAE and the approval of the SCA in the UAE.

The Offering shall be made available to the following subscribers:

https://www.tradingview.com/news/reuters.com,2024-05-20:newsml_Zaw1HLm55:0-pressr-alef-education-holding-plc-announces-its-intention-to-list-… 5/15