Ann: Placement to Strategic Technology Investor, page-2

PLACEMENT TO STRATEGIC TECHNOLOGY INVESTOR
Investment Highlights:
 Raya raises $600,000 through a private placement to a strategic Asia based technology
investor.
Further to the ASX release of 23 October 2015 in relation to the proposed acquisition by Raya Group
Ltd (ASX: RYG) (“Raya” or “the Company”) of Xped Holdings Ltd ( Xped) , Raya is pleased to
announce that it has completed a private placement to an Asia based strategic technology investor
raising $600,000.  
   “The Company has been inundated with interest by a number of highly reputable groups
offering to assist the Company with its future funding requirements. This is testament to Xped’s
technology and its robust patents that are securing its position in the lucrative Internet of Things (IoT)
sector”, the Company’s chairman Mr Athan Lekkas said.
Placement  
The Company will issue 30,000,000 shares at a price of 2c per ordinary share and proceeds will be
applied in meeting usual due diligence, transaction and other costs associated with completion of the
acquisition of Xped.
The investor has agreed that of the placement, 15 million shares will be subject to voluntary escrow
restrictions.  The escrow provision on these shares will remain in place until the completion by the
Company of the purchase of Xped and compliance by Raya with chapters 1 & 2 of the ASX Listing
Rules, expected in the latter part of Q1 in 2016. (Readmission Date).   
Additionally, subject to obtaining shareholder approval for the Xped transaction and as part of the
strategic relationship, Raya has agreed to issue a further 10,000,000 shares for no additional
consideration to the strategic investor. The investor has agreed that these further shares will be
subject to escrow for a 24 month period from the Readmission Date. Importantly, these shares will
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only be issued upon the successful completion of the Xped transaction and the recompliance with
chapters 1 & 2 of the ASX Listing Rules.   
Raya continues to progress the acquisition of Xped and work is advancing on the preparation of both
the meeting materials to consider approval of the acquisition and the prospectus. It is the intention
of the Company that the existing shareholders will be afforded a priority entitlement in respect of
participation in any contemplated raising under a prospectus. Raya will provide further details over
the coming weeks.