Ann: Quarterly Activities Report and Appendix 4C, page-13

“Following the Company’s successful strongly supported Share Placement, Nuheara issued a buy-back notice to The Lind Partners (Lind) for the remaining convertible note (CN) balance of $850,000. Under the terms of the CN Funding Agreement, Lind elected to convert the buy-back into shares at an issue price of $0.04 per share (the same issue price as the Share Placement), being 90% of the five lowest daily VWAPs in the 20 trading days prior to the buy-back notice being served.

Nuheara is debt freeFollowing the completion of the Share Placement and security conversion, Nuheara is debt-free, placing the Company in a very strong position to continue driving its DTC sales growth and to support its expanding OEM partnerships, which now includes HP Inc.”