Space Pawdyssey

On Wednesday, May 8, 2019, the Company informed stakeholders that it will be removed from ASX Limited`s official list effective at the close of trading on Thursday, May 9, 2019, pursuant to Listing Rule 17.11. This follows MYOB Group`s announcement on March 20, 2019 regarding the agreement between MYOB and its shareholders that a subsidiary of Kohlberg Kravis Kravis Roberts – Co L.P., ETA Australia Holdings III Pty Ltd (KKR) was implemented today. MYOB signed the program implementation agreement with ETA Australia Holdings III Pty Ltd, as announced on December 24, 2018, after US private equity giant KKR submitted the offer in October 2018. Subsequently, on April 17, 2019, it was announced that the plan had been approved with the necessary majorities of MYOB shareholders, of which approximately 367,976,439 voted in favour of it. In October 2018, KKR acquired a 19.90% interest in MYOB and submitted an indicative indicative proposal to myOB`s Board of Directors for the acquisition of the remaining shares in MYOB. As a result of due diligence, KKR and MYOB entered into an agreement on the implementation of schemes, in which KKR agreed to acquire all remaining shares of MYOB for AUD 3.40 per share per agreement. The Scheme Implementation Agreement contained a number of innovative features that, until now, were not visible in procurement transactions in Australia. On December 23, 2018, MYOB entered into a schematic implementation agreement with KKR, in which KKR offered to acquire all myob shares it had not yet held. MYOB shareholders voted in favour of the program on April 17, 2019 and its implementation came into effect today. MYOB Group Ltd is a leading provider of online business management solutions. It facilitates the business life of some 1.2 million businesses and accountants in Australia and New Zealand, simplifying accounting, payroll, tax, practice, CRM, ordering fees, inventory and more.

MYOB is present in three key segments: customers and partners (business solutions for SMEs and consultants); Business solutions (large companies) and payment solutions. It provides continuous support through customer service channels, including a network of more than 40,000 accountants, accountants and other consultants. It is committed to continuous innovation, including its network practice strategy and the development of the MYOB platform. For more information, visit investors.myob.com.au/Investors or follow @MYOB on Twitter. The company`s stock was last traded on April 24, 2019 at a price of AUD 3.4. According to the company`s 2018 annual report, the company has increased investments in research and development to approximately $50 million to accelerate the development of the MYOB platform, obtain more recommendations from SMEs and acquire new accounting practices. In addition, to enhance brand awareness and market value, MYOB has injected approximately $30 million into sales and marketing investments. The Advisor sales team will be expanded, while marketing spending will also increase to ensure that direct distribution of SMEs remains strong and that customer acquisition costs are maintained within 12 months. Media:For KKRKKR AsiaAnita Davis-852 3602-7335Anita.Davis@KKR.comKKR AmericasKristi Huller / Cara Major-1 212-750-8300Media@KKR.comNewgate Communications (For KKR Australia) Miche Paterson-61 400 353 762miche.paterson@newgatecomms.com.au KKR is a leading investment company, which manages several alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners managing hedge funds.