Carly Holdings Limited (ASX:CL8) (Carly or the Company) is pleased to announce that it has completed the renounceable rights issue of shares and free-attaching quoted options announced on 5 October 2022 (Rights Issue). The Company has today issued total of 88,048,413 fully paid ordinary shares (Shares) and 44,024,187 quoted options exercisable at $0.06 each, with an expiry date of 31 October 2024 (CL8O Options) raising $2.1 million before costs.

Carly also issued 1,083,792 Options pursuant to the lead manager mandate upon completion of the Rights Issue. Major shareholders and directors of the Company, SG Fleet Management Pty Limited and Willoughby Capital Pty Ltd as trustee for the Willoughby Capital Trust, Turners Automotive Group Limited and directors, Chris Noone and Adrian Bunter, took up a total of over $1.04 million under the Rights Issue. The Company has separately lodged Appendices 2A applying for quotation of the Shares and Options and the distribution schedule and top 20 holders of the CL8O Options.

After completion of the Rights Issue, the Company has 28,273,565 Shares and 14,136,802 CL8O Options available to be issued by 26 January 2023 under the shortfall offer pursuant to the prospectus dated 5 October 2022. This announcement was authorised to be given to ASX by the Board of Directors of Carly Holdings Limited.

Contact:

Chris Noone

CEO and Director

Carly Holdings Limited

E: shareholder@carly.co

About Carly Holdings Limited

Carly Holdings Limited (ASX:CL8) investors.carly.co/ is listed on the Australian Securities Exchange. It is Australia's leading listed company focused on providing innovative mobility solutions for consumers and the automotive industry. Carly Holdings operates www.Carly.co, Australia's first flexible car subscription service.

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