Divestment of The Iron Company.

ASX/AIM Announcement                                                                                              2 July 2025

Wellnex Life Limited (ASX/AIM:WNX)

Company Update

Divestment of The Iron Company     

Wellnex Life Limited ("Wellnex" or the "Company") (ASX:WNX  AIM:WNX), an innovative consumer healthcare business with a track record for developing, licensing, and marketing products and brands to customers in the growing healthcare market segment, is pleased to provide the following update.

After the successful listing on London's AIM market in March this year, the Board commenced an internal review of its operations to identify key brand assets to focus on, and invest in, over the medium to long term.

As part of this ongoing review, the Company has divested the assets of The Iron Company brand to CW Retail Holdings Pty Ltd (part of the Chemist Warehouse group), effective 30^th June 2025 for no cash consideration, in lieu of trade activity that supports our Pain Away, Wakey Wakey and Nighty Night brands within the Chemist Warehouse group.

Joint CEO Zack Bozinovski commented "The Iron Company brand contributed less than 0.5% to Wellnex's gross margins and with our renewed strategy to focus on our key major brands such as Pain Away, Wakey Wakey and Nighty Night, the Company has taken the opportunity to divest the brand.".

This ASX/AIM announcement has been authorised by the Board of Wellnex Life Limited (ASX/AIM:WNX).

For further information, please contact:

Wellnex Life Limited (ASX:WNX)                               Reach Markets

George Karafotias or Zack Bozinovski                          T: 1300 805 9419

Joint Chief Executive Officers                                        E: IR@reachmarkets.com.au

P: +61 3 8399 9419

E: george.k@Wellnexlife.com.au

UK Investors

Strand Hanson (Financial & Nominated Advisor)     

James Harris / Richard Johnson / Robert Collins           Tel: +44 (0) 20 7409 3494

Orana Corporate LLP (Joint Broker)                                swykeham@oranacorp.com

Sebastian Wykeham     

S.P. Angel Corporate Finance LLP (Joint Broker)            Tel: +44 (0)20 3470 0470

David Hignell / Vadim Alexandre