New Communication to Shareholders from JK, page-4

To make it easier for everyone to read.

Dear Shareholder

Understandably, the Company is receiving a number of requests for “updates”. Below are responses to the most comments queries we have received recently from shareholders.

Court Action - ASX ats ISX

There are no further updates since ISX lodged a statement of claim with the Federal Court, as previously announced on the ASX platform on the 5/12/19.

The first directions hearing before the Court is 7^th February.

Any updates to the action will be posted here by the court > https://www.comcourts.gov.au/file/Federal/P/VID1315/2019/actions

Whatever information is posted on the court website is also the extent of the information that the Company can disclose. Therefore, please check the court website for updates.

Appendix 4C

Appendix 4C will be released on or before the 31st January 2020, per our ASX Listing Rule obligations.

Annual Report FY 2019

The Company’s annual report for FY2019 (January to December), will be released on or before the 28th February. The Company was profitable during FY2019.

Continuous Disclosure

Under continuous disclosure requirements, we are required to continue to communicate to shareholders via the ASX announcements platform when there is a material change of circumstances, per the ASX Listing Rules.

There are no new factors at present that are ‘sufficiently definite’ that require disclosure.

Prospectus

The Company confirms that it will need at some stage to issue a prospectus, as the securities in the Company have been suspended for longer than 5 days. The prospectus is not a bar to lifting suspension, and is not required for the securities to be re-quoted.

The prospectus is a bar to new share issues being able to be traded within 12 months of issue. This includes options being converted to shares. However, as the Company is not at this stage contemplating any new share issue, this is a minor factor.

ISS ESG Prime

We continue to maintain a prime rating from ISS (www.iss-esg.com).

The Company was provided with ISS’s 32 page report, which is available from ISS directly for a fee, and has been accessed by many of our institutional shareholders already.

The Company has still not received from the Melbourne based startup, Ownership Matters, a copy of their report, nor, has the Company been afforded the opportunity input to their report.

By way of contrast, ISS which is the world’s leading global provider of corporate governance and responsible investment solutions, market intelligence and fund services, and editorial content for institutional investors and corporations, interacted with the Company to produce its report.

The Company has not made any financial contribution towards the production of either report. Ownership Matters have not (yet) disclosed who sponsored the production of their report.

General Business Update

The ASX imposed suspension is affecting our growth and has dampened some demand from potential customers. Existing customers by and large are unaffected by the suspension.

The Company remains positive in outlook, and continues with business as usual, with the impact of the suspension continuing to be assessed. The negative connotations of suspension diminish rapidly upon re-quotation of ISX securities.

Announcements

We are wary that the ASX has precluded us from making announcements in the past. I do note that the above information is not anything new nor representing a material change in circumstances, and therefore not able to be announced in any case under the Listing Rules.

In such a case, an email to shareholders is the best means we have to communicate.

Thanking you for your support.