Ann: Quarterly Business Activity Update and Appendix 4C, page-195

With a whooping $55mil cash left and to have only used $617k in an entire quarter whilst setting up some huge growth numbers to come in the next quarters and beyond is a top achievement in my view.

PPI was never going to tie up much capital beyond the $1.45mil initially allocated as some thought it would be a drain on IOU's cash.

PPI is self funded essentially once ppi sales starts occuring as the ppi stock sell out fully then a new batch of stock is purchased again using the same $1.45mil.

BNPL is set for exponential growth (potential TTV up to AUD$15billion):

• 2800 merchants from MYP1 network being onboarded
• 5000 merchants from Easystore network being vetted for onboarding
• 65000 merchants from iPay88 network , if we vet and target 20% of merchants its 13000 merchants

Potentially huge couple of months ahead imo