Cardno Limited refers to its ASX announcement on 1 July 2022 advising of the completion of the sale of Cardno International Development to DT Global Australia Pty Ltd. ("DT Global") on 30 June 2022 ("Transaction"). Following the Transaction, Cardno determined to distribute AUD 75.8 million (in aggregate) to Cardno Shareholders (AUD 1.94 per share) as at the record date on 7 July 2022) (the "Record Date") (the "Distribution"). Following the receipt of additional amounts from DT Global relating to the Transaction and the collection of receipts from Insus, Cardno confirms that the final part of the Distribution (being an unfranked dividend of approximately AUD 6.9 million (AUD 0.177 per share) (the "Payment"), which has been determined to be paid by the Cardno Board) is expected to be paid on 31 August 2023 to Cardno Shareholders as at the Record Date.