Ann: Pre June 30 Update, page-2

At long last some clarification on current financial and logistical matters that are highly relevant to Share Holders
and SP.

Early March /22 SP was 34c it is now halved to 17c.

Well, hopefully, this announcement will instill some confidence in new or old investors.

Few bits of Good news:

• The Company expects operating cash flow to continue to be positive and currently has cash
and unused banking facilities of about $9.2m, which together with its positive operating
cash flow, are sufficient to meets its current and future financing needs, at this point in
time

• Sales orders taken for FY22 are expected to be at least $42m, which is at least 19% higher
than the $35.3m achieved in FY21. Excluding the MEG sales order received in December
2021, the underlying business will book at least $38m of sales orders for FY22, which will
be at least 8% higher than FY21

Based on this release SP can start retracing some of these loses