Convertible Note refinancing update

Summary by AI ^BETAClose X

Seeing Machines Limited has provided an update on its Convertible Note refinancing, confirming it is in advanced discussions with multiple potential lenders and has received several term sheets. The company anticipates completing the refinancing well ahead of the 4 October 2026 maturity date, subject to final documentation. This process is expected to extend beyond the current fiscal year due to strong lender interest and the focus on securing favourable terms.

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Seeing Machines Limited

01 July 2026

1 July 2026

Seeing Machines Limited ("Seeing Machines" or the "Company")

Seeing Machines announces Convertible Note refinancing update

Seeing Machines Limited (AIM: SEE, "Seeing Machines" or the "Company"), the advanced computer vision company focused on transport safety, announces a short update in respect of its Convertible Note refinancing process.

Further to its interim results on 27 March 2026, Seeing Machines confirms that it is in advanced discussions with a number of potential lenders and has received multiple term sheets for the purpose of refinancing its Convertible Note ahead of the stated maturity date of 4 October 2026. Subject to customary documentation being entered into, the Company expects to complete the refinance process well in advance of the stated maturity date.

Paul McGlone, CEO of Seeing Machines, commented: "We are in advanced discussions with a number of lenders and have received multiple term sheets. Due to good interest from lenders and our focus on securing the most attractive terms for the Company, the process will go beyond the end of FY2026. We continue to make good progress and continue to expect to complete the refinancing well ahead of the October maturity date."

Capitalised terms used in this announcement shall bear the same meaning ascribed to such terms in the Company's announcement of 6 October 2022.

Enquiries:

Seeing Machines Limited	+61 2 6103 4700
Paul McGlone - CEO Sophie Nicoll - Corporate Communications

Stifel (Nominated Adviser and Broker)		+44 20 7710 7600
Alex Price Fred Walsh Brough Ransom Ben Good
Singer Capital Markets (Joint Broker)		+44 20 7496 3000
James Serjeant Dan Ingram Amber Higgs Russell Cook

About Seeing Machines (AIM: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines' technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The technology spans the critical measurement of where a driver is looking, through to classification of their cognitive state as it applies to accident risk. Reliable "driver state" measurement is the end-goal of Driver Monitoring Systems (DMS) technology. Seeing Machines develops DMS technology to drive safety for Automotive, Commercial Fleet, Off-road and Aviation. The company has offices in Australia, USA, Europe and Asia, and supplies technology solutions and services to industry leaders in each market vertical.

www.seeingmachines.com

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