5G NETWORKS LIMITED. — Capital/Financing Update 2021

Jan 7, 2021

==> picture [113 x 35] intentionally omitted <==

8 January 2021

WEBCENTRAL GROUP LIMITED (ASX: WCG)

Heads of Agreement signed in relation to Surrender of Sydney Office Lease

Webcentral Group Limited ( WCG ) advises that it has signed a Heads of Agreement in relation to the surrender of the property lease with the landlord of Levels 22 & 23, 680 George Street, Sydney. The proposed surrender date is 14 March 2021. The existing property leases expire in November 2022.

The net annualised saving to WCG is expected to be $2 million following the surrender of the property lease (net of the current sublease rental income).

In addition, bank guarantees issued to the landlord in relation to the property leases totalling $1.74 million will be returned to WCG.

The net Surrender Fee payable by WCG is $435,000 (including a contribution from the sub-lessor of the property to WCG of approximately $500,000). This amount will be reduced should the lease surrender date be after 1 April 2021.

The agreement is subject to the execution of a binding contract with the property lessor and includes the usual make good obligations customary for a property lease of this type.

ENDS.

The release of this announcement to the ASX was authorised by the Webcentral Board of Directors.

P: 02 9215 6300 P: 02 9215 6300 Level 23, 680 George St, Level 9, 505 Little Collins St, Sydney NSW 2000 Melbourne VIC 3000

P: 02 9215 6300 Level 3, 192 Ann Street Brisbane QLD 4000

Webcentral Group Limited ABN 21 073 716 793 ACN 073 716 793 webcentralgroup.com.au

==> picture [113 x 35] intentionally omitted <==

About Webcentral Group Ltd

Webcentral is an Australian owned digital services company who empower more than 330,000 SMB customers to grow and thrive in the online world. Our portfolio of digital services is extensive, with market leading offers across domain management, website development and hosting, office and productivity applications and online marketing.

Our customer focussed heritage has been built on expertise, innovation and personalised service; critical attributes delivered through our culture and embraced by our people. This is demonstrated through more than 25 years of online industry leadership across Australia’s digital foundation brands such as Melbourne IT, Netregistry and WME.

The Webcentral mission is therefore dedicated to leading online success for our customers. We achieve this by building trusted and valued client relationships which enjoy successful business results at each milestone across the customers’ digital journey.

P: 02 9215 6300 Level 23, 680 George St, Sydney NSW 2000

P: 02 9215 6300 Level 9, 505 Little Collins St, Melbourne VIC 3000

P: 02 9215 6300 Level 3, 192 Ann Street Brisbane QLD 4000

Webcentral Group Limited ABN 21 073 716 793 ACN 073 716 793 webcentralgroup.com.au