Dear Mr. LiRe: Price QueryWe refer to your letter of 29 November...

Dear Mr. Li
Re: Price Query
We refer to your letter of 29 November 2011 in regard to the price change and increase in
volume of trading in the securities in GoConnect Limited.
Please note the following in response to the enquires made in your letter.
1. No.
2. Not applicable.
3. No. However, we are awaiting advice on the independent valuation report of Priority
One Network Group Ltd which, when received, will be advised to the market. Priority
One and GoConnect have entered into an equal partnership for the delivery of the
Priority One loyalty reward business. Recently, the Australian media has started to
focus on the emergence of IPTV in the world and this has attracted the attention of
investors on GoConnect as the longest established IPTV company on the ASX. Since
the year 2000, when GoConnect launched its IPTV business, it has always been the
strong belief of GoConnect that IPTV will ultimately become the most valuable medium
on the Internet in the same way that television has been the most valuable medium in
traditional media. The value of GoConnect’s IPTV technology has been recognized by
Priority One and the company’s partners in China. Priority One will be delivering their
loyalty reward business and converting their merchants’ customers to Priority One
members via the IPTV channels to be launched in conjunction with GoConnect, via its
multi-platform IPTV distribution infrastructure. The independent valuation of Priority
One will accordingly be relevant to GoConnect’s market value.