Ann: Board Changes, page-23

Here is some food for thought.....

Easy to look past the recently announced Board Changes as all in the course of business. Someone stands down and someone new (with perfect skill set) steps up.AGM on the 22 November 2023.

Worth checking out the Banyan Software website. You will quickly realise that the newly appointed Non Exec Director may have a different agenda. Whether Ian has initiated this is anybody's guess, but on the back of a challenging year (program delays), the inability to land the FULL cap raise, the fall-out in terms of investor sentiment and the share price, and then comments like 90 days comes around too quickly (ASX reporting), just maybe they are seeing this as a pathway to de-list / go Private.

Herewith Banya Software's Xmas message end CY22....

Looking forward to an exciting 2023!

We're excited to have grown to 25 businesses and over 1000 employees across North America, the UK and Europe, and Australia. And, we're proud to continue to be 100% referenceable by all the owners who have chosen us as the next permanent home for their business. There's significant capital behind us and we expect to be very active across Australia and New Zealand in the year ahead.

My money is on a much bigger agenda here.

Rokewa