The Company has received positive user feedback on Inspector360...

The Company has received positive user feedback on Inspector360 since the app’s launch in September
2019. Acceptance trials are continuing with AssetOwl’s cornerstone customer RE/MAX WA, which has
requested to extend its initially planned one-month trial. Part of the NYSE-listed RE/MAX Holdings (NYSE:
RMAX), RE/MAX WA is a residential and commercial real estate agency and property manager, part of a
network of more than 120,000 agents active in over 100 countries and territories.

The Company has agreed to commence Inspector360 trials in January 2020 with several additional existing
AssetOwl partners, including Colliers International WA, The Agency Group Australian (ASX: AU1), PCR &
Inspection Services and Attree Real Estate.

The Company expects Inspector360 to generate revenue in FY20 following the successful completion of
these and other customer trials.

AssetOwl has commenced technical integration of Inspector360 with PropertyMe and plans to launch an
integrated service offering to PropertyMe customers in March 2020.

AssetOwl is also in advanced negotiations to integrate Inspector360 with PropertyTree, a property
management and communications platform with more than 3,500 real estate agency customers across
Australia and New Zealand. The Company looks forward to completing these discussions in January 2020
and proceeding to integration.