Ann: Appendix 4C - quarterly, page-26

Was just looking at estimated cash outflows from the last 4C: $14,037m. Instead we have $16,497m. If you take out $1,801m in advanced payment to suppliers and acquisition costs, cash outflows were $14,696m, or an extra $659k ontop of estimates (4.6% increase on estimates). Estimated outflows for this quarter are $14,979m. With MDC acquisition now complete, customers being migrated from 3rd parties to 5GNs managed data links, we may have stronger operational cash flows for next quarter. Launch of this Cloud Port product and hints of another DC acquisition in Sydney also looking good. Those who bought in at $1.15 support may do well here, but will see where we close today. Annual report next month should reiterate $80m in revenue for FY20 but may see a slight EBITDA adjustment. I took some money off the table at $1.60 but think I'll buy back what I sold after having further time to digest the 4C.

5G Networks, Managing Director Joe Demase said,“As we complete the financial year I am extremely pleased with the growth achieved in a shortperiod of time. The team has worked extremely hard to integrate the acquisitions in addition tostreamlining our systems, which allows us to continue our process automation. We will continue totarget strategic acquisitions that will utilise our existing infrastructure of network, cloud and datacentre capacity with the focus on growing our EBITDA margin.”