Dear Mr. Li Re: Price Query We refer to your letter of 29 November 2011 in regard to the price change and increase in volume of trading in the securities in GoConnect Limited. Please note the following in response to the enquires made in your letter. 1. No. 2. Not applicable. 3. No. However, we are awaiting advice on the independent valuation report of Priority One Network Group Ltd which, when received, will be advised to the market. Priority One and GoConnect have entered into an equal partnership for the delivery of the Priority One loyalty reward business. Recently, the Australian media has started to focus on the emergence of IPTV in the world and this has attracted the attention of investors on GoConnect as the longest established IPTV company on the ASX. Since the year 2000, when GoConnect launched its IPTV business, it has always been the strong belief of GoConnect that IPTV will ultimately become the most valuable medium on the Internet in the same way that television has been the most valuable medium in traditional media. The value of GoConnect’s IPTV technology has been recognized by Priority One and the company’s partners in China. Priority One will be delivering their loyalty reward business and converting their merchants’ customers to Priority One members via the IPTV channels to be launched in conjunction with GoConnect, via its multi-platform IPTV distribution infrastructure. The independent valuation of Priority One will accordingly be relevant to GoConnect’s market value.
