Ann: Way2VAT lists on ASX following over-subscribed IPO, page-2

Title of announcement IMO hides the info contained within for instance:

• Way2VAT is a fintech company with a patented leading artificial intelligence
technology that provides enterprises and SMEs with a fully-automated, end-to-end
VAT reclaim platform across 40 countries in 20 languages
• The $7 million initial public offering was oversubscribed with strong support from
institutional and cornerstone investors
• Highly scalable technology with over 80% gross profit margins for the financial year
ended 31 December 2020 and half-year ended 30 June 2021
• Over 150 enterprise customers including EY, Siemens, Mastercard and Footlocker
• Strong revenue growth with CY2020 up 153% year-on-year and H1 CY2021 up 74%
compared to the prior corresponding period, despite the pandemic
• Integrated with global expense management and accounting software providers
including Xero and Sage enabling Way2VAT to scale into the untapped SME market
• Positioned to leverage the return to global travel, funds will be used for sales and
marketing, research and development, compliance and security and customer support