Eve Health Group Limited announce a private placement of 466,666,667 common shares for AUD 0.003 per share for gross proceeds of AUD 1,400,000 on February 22, 2022. The company has received firm commitments from institutional and professional investors. Each participant will be issued options on the basis of one option for every one share issued. The options to be issued will expire after 2 years, and are exercisable at AUD 0.005, to be issued subject to shareholder approval at a forthcoming shareholder meeting. The company will pay 6% fee paid to brokers to any placement funds raised.