Ann: Half Year Results Investor Presentation, page-3

Lots to be positive about based on this very basic information. Subscriptions have grown by 24% over the last 6 months, but importantly that has accelerated with 16.5% achieved over the last 3 months. Significant infrastructure investments should further accelerate growth with 5G expected to have an impact this calendar year and an expanded products range. Already EBITDA positive and almost $100m in cash on hand for further investments, including potentially strategic acquisitions. For me this is TPG revisited, but with fewer regulatory constraints and much lower set up and running costs. As I always say, I have great trust in Teoh to make this work and for TUA to become a major player.