Ann: Company Update, page-22

NOTE 29: CONTINGENT LIABILITIES
As per ASX announcements of 2 May 2018 and 1 June 2018, four subsidiaries of LiveTiles have been added to
proceedings (among a total of 12 defendants) concerning a shareholder dispute involving the co-founders of
LiveTiles, Mr Karl Redenbach (CEO) and Mr Peter Nguyen-Brown (CXO). Proceedings have been brought by Mr
Karl Redenbach’s brother, Mr Keith Redenbach. The proceedings have been referred to mediation to take place
on 18 September 2020 before Mr McDougall QC, and set down for a hearing to occur later this year. The
assessment of the directors is that the outcome remains too uncertain to recognise a liability.