Ann: CIO Retires Debt and Extends Existing Convertible Notes, page-2

8 July 2019ASX Announcement / Media ReleaseCIO RETIRES DEBT AND EXTENDSEXISTING CONVERTIBLE NOTESHIGHLIGHTS• Company repays in full the loan provided by Tyche Investments Pty Ltd.• 90% of existing convertible notes extended for 12 months.Connected IO Limited (“CIO” or “Company”) is pleased to announce that the Company as aresult of achieving recent record cash receipts has repaid in full the loan that was extendedto CIO by Tyche Investments Pty Ltd, as announced on 8 May 2019.In addition all but 2 of the existing convertible noteholders have agreed to extend their facilityfor a further 12 months, with the remaining 2 being unresolved due to incompletediscussions. As a result 24 of the 26 have extended equating to $1,221,000 of the total$1,351,000 face value of all the convertible notes.The extension means that the Company will not be obligated to repay the face value of theconvertible notes before 30 June 2020. CIO appreciates the continued support of itsconvertible note holders who have expressed by their extension great confidence in thedevelopment and continuing growth of the Company’s IOT business.