Ann: Delisting from ASX, page-2

The future
Ensogo is currently undertaking due diligence investigations on an opportunity to merge with a
business which may lead to the Company seeking a new listing on the ASX or an alternate
securities exchange. The due diligence investigations and consummation of any transaction in
respect of the opportunity will not be completed prior to the Delisting.

In the event that following completion of its due diligence investigations, the Board considers
the potential transaction is likely to deliver value to shareholders above that which could be
obtained via a members’ voluntary wind-up and distribution of remaining cash, then subject to
formal agreements being entered into in respect of the transaction, the Board will convene a
general meeting to seek any necessary transaction approvals from shareholders.
Alternatively, if a premium above the cash return option is unlikely to be obtained from the
potential transaction, the Board intends to convene a general meeting to seek approval for a
members’ voluntary winding up.
The Board anticipates being in a position to provide an update to shareholders in respect of
whether the potential transaction will proceed, and an indicative timeline for any such
transaction, by end July 2019.