Ann: FY22 Q2 Quarterly Activities Report and Appendix 4C, page-3

ok well this is their reasons for the drop in constant currency ARR.

ARR Net $ Retention for the trailing
12month period was 86% at 31 December, a drop from 30 June 2021, contributing factors included
customers and partners provided with COVID billing relief, as disclosed in FY2021 accounts, not
returning to active billing.

Big question as to why they didnt return.