DMC Weekly Listing Numbers 2016, page-104

All,

Since I had time I gave collaborate a call and spoke to Chris Noone who kindly had a decent chat with me about these issues which left me significantly confident all is progressing well.

He also said was happy for me to post a brief synopsis here. Noting all below is consistent with previous announcements including qtrly, and has no market sensitive specifics.

1) rentoid / new category expansions
- he said anyone can relaunch a website, and people who think this is the strategy have missed the point
- they are focused only on launches with major corporate partners to drive supply/demand into model.
- This is the plan with rentoid in addition to other category launches
- got clear understanding most of the progress is behind the scenes and they can't specify any category timings as all corporate partner / market sensitive dependant
- he referred as an example closing insurance proposition for rentoid

2) deal pipeline
- stated deep 'opportunity' pipeline of major deals now 10 times what it was 12 months ago
- said Christmas has been barrier but a number are at 'workshop/whiteboard ' stage with partners
- peerpass interest is still knocking on their door as opposed to other way around. Gave an example of another peer to peer provider they are meeting with this week

3) DMC stats
- clearly reads HC, said numbers of cars for rent are reasonably accurate but number actually rented are off the mark as are based on a number of inaccurate assumptions
- I suggested they start posting regular growth stats on DMC to market. He noted this point and said they would be realising more detailed stats 'shortly'

Overall I was very happy he took the time to chat, and will happily hold onto my holding waiting for some of the new corporate partnerships to eventuate.