ASSET VISION CO LTD — Capital/Financing Update 2014

Jun 4, 2014

Level 8, 50 Queen Street Melbourne 3000 ABN: 50 164 718 361

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Trading Update

5 June 2014: Melbourne, Australia: PS&C (ASX: PSZ, “Company”) provides an update regarding its trading performance for the second half of the 2014 financial year.

PS&C is a diversified information and communications technology (ICT) services company which listed on the ASX in December 2013 through the acquisition of five established and profitable businesses: S&P, Securus, Hacklabs, Allcom Networks and Allcom Consulting. The Company has three divisions – People, Security and Communications – which provide the following services:

• People (S&P): Consulting, contractor management and recruitment solutions. Business is sourced from diverse segments of the economy led by the telecommunications and IT, retail, mining and manufacturing sectors.

• Security (Securus and Hacklabs): Particular focus on the growing cyber security industry providing services such as security consulting, education and penetration testing.

• Communications (Allcom Networks and Allcom Consulting): Unified communication and IP telephony, network infrastructure and consulting for a wide range of corporate and government clients within Australia and internationally.

Normalised EBIT forecast issued as part of the Company’s Initial Public Offering (IPO) was $7.365m for FY14. The actual result is likely to range from $6.65m to $7.4m. The Board is pleased to advise it intends to pay a 3c per share fully franked dividend in October 2014. This is in line with the dividend policy outlined in the Prospectus dated 7 November 2013 as the Company has been in operation for seven months by the end of this financial year.

In the Communications business, a large portion of work is to be delivered towards the end of this financial year. Whilst the pipeline of business is strong, there is uncertainty whether all orders will be completed by 30 June 2014 and can be recorded as income for this financial year. An element of revenue if not earned in 2H FY14 will be deferred into 1H FY15.

Level 8, 50 Queen Street Melbourne 3000 ABN: 50 164 718 361

The Company is pleased where the business is placed after its first six months trading as a listed company and is confident leading into the next financial year with the following highlights:

• Business managers working diligently and have adapted to working as part of a listed company.

• Growth opportunities are evident across each of the businesses.

• Cash flows have been good and meeting expectations.

• Panel wins and activity will assist growth into FY15 and beyond.

People

• Operations are performing well and expected to finish above normalised forecast EBIT of $3.46m

• The business has won additional panel agreements including significant contracts with:

• Major telco SAP panel

• Major mining company

• Major utilities company

• Major food group

These panel wins are expected to provide future growth.

Security

• Hacklabs is likely to outperform normalised forecast EBIT of $0.62m, Securus likely to be below normalised forecast EBIT of $1.6m.

• Improved last quarter performance with increasing customer engagement.

• Cyber security industry continues to be buoyant.

• New privacy legislation and general corporate awareness generating business.

• Some customer delays prior to the last quarter.

• The Securus business has seen relatively soft market conditions prior to the last quarter but has reduced costs to offset reduced revenues and business conditions have improved for the last quarter.

• Recent panel wins include a major overseas bank and a large Australian financial services organisation.

• Significant opportunity for growth in security sector - both organic and via acquisition. The Company remains focussed on assessing any potential value accretive acquisition targets.

Communications

• Potential to miss the normalised forecast EBIT of $2.36m due to weakness in the consulting business and customer delays in delivery.

• Strong pipeline of work subject to closing orders and delivering prior to the end of the financial year. Costs have been managed and reduced.

• Work unable to be completed in FY14 should give a positive head start to FY15.

Level 8, 50 Queen Street Melbourne 3000 ABN: 50 164 718 361

• Renewed an important panel agreement with NSW government in telecommunications services. This panel has been widened and the business now has access to additional services

For further information, please contact:

Kevin McLaine Simon Hinsley Managing Director Investor Relations Tel: (03) 9682 2699 Tel: 0401 809 653 Email: kevinmclaine@pscgroup.com.au Email: simon@nwrcommunications.com.au