Ann: YOJ - Appendix 4E and 30 June 2018 Annual Report, page-64

This is a comment about a post made on 31 August in relation to the remuneration package of Executive Director Jason Marinko.

I apologise in advance if the point I make here has already been made. My point is that the post dated 31 August is incomplete and as such it is inaccurate.

The 17.5 million options granted to Mr. Marinko come with performance conditions attached, with vesting only occurring at share prices ranging from 25 cents to 50 cents by 29 December 2020 (see page 8 of the annual report) or within 2 years and 4 months from now.

One can debate the absolute values of these share price outcomes, but 25 cents and 50 cents in relation to the prevailing share price in my view are perfectly reasonable and acceptable; although admittedly I would prefer the latter.

Of the 17.5 million options 2.5 million have already vested, which looks to have occurred when Yojee's share price had previously been well above 20 cents. Although these shares vested the report states at the bottom of page 8: "No shares were issued during the year as part of the compensation." It would appear that Mr. Marinka did not trade out for a quick profit even when he had the chance, but is taking a long-term perspective. Now, that is nice to know for shareholders and he seems to be putting his money where his mouth is and has the knowledge and insights upon which to make such a decision.

Although the cost of the options was accounted for in the financial year just ended the pertinent point is that this is an accounting matter. 15.0 million of the options remain unvested and only 2.5 million of the options have vested and Mr. Marinka has kept them. Mr. Marinka's remuneration is subject to achievement of performance objectives with which shareholders are wholly aligned.

I simply write this for completeness and hopefully to present an accurate description of the situation, which regrettably, the post I refer to does not do. That post creates the impression of impropriety which is false.