Ann: Further engagement with HSBC, page-2

Good to see ID8 further engage with tier 1 banking group HSBC by moving from phase 1 to phase 2 of its project. Phase 2 will involve the build of new functionality ahead of a roll out into new geographies. This indicates to me a strong relationship being built with strong results to date that will see Identitii rolled out in numerous geographies with HSBC leading to increased revenue streams with each geography adding additional license fees. With HSBC located in 80+ countries this could turn into a major flow on through multiple countries. Not forgetting ID8 are at contract negotiate stage with 3 other potential customers which could lead to similar roll outs. At the current trading levels there is significant upside here at current 40% lower then IPO price. I continue topping up and expect a strong re-rate in 2019.