Ann: Quarterly Activities Report & Appendix 4C, page-2

as at 31 March, the cash holding is A$18.87 million

Star Vegas had revenue of $8.37 million and EBITDA was $0.5 million (considering February and March was the height of the pandemic, this is a good result for Star Vegas)

Aristo had revenue of $2.6 million and EBITDA was $0.5 million. (considering that the border close from 1 February until 30th March). this is actually a very good result for Aristo

Both casino are still cashflow positive, it is the corporate cost that is pushing Donaco into negative EBITDA.

For 1H FY20, Donaco Net profit after tax was A$4.3 milion, they only record statutory NPAT loss of A$1.5 million because they need to write down the online casino license & cost.

Aristo may reopen in May.

Forward looking, cash burn rate is around $800K- $900K USD per month. But if Aristo can reopen (even if border still close), Aristo should be able to break even. reducing the cash burn