Ann: Mitula Group Trading Update, page-17

1) Trade Update 12/02/18 Forecast
(Revenue = 33.5)
(Ebitda = 11.5)
(NPAT = 7.5) = (65% of Ebitda)
(EPS = 3.5)

2) Original EOFY/17 Forecast before Tech problem
Which they stated has been rectified, temporary problem only, was for
(Revenue 38-41)
(Ebitda = 17-19)
(NPAT = 11.1-12.4)
(EPS = 5.1-5.7)

3) The (EOFY/18 EPS of 7.2) was what I originally calculated with 25+% growth
On the Original EOFY/17 Forecast
Adjustments may be required after EOFY/17 report is released 27th or 28th Feb

4) EOFY/2018 Intrinsic Valuation worked out using
Roger Montgomery's valuation formula

5) I'll provide an updated valuation after Annual Report is released