ASSET VISION CO LTD — Capital/Financing Update 2019

Dec 2, 2019

ASX Announcement

PS&C LIMITED (ACN 164 718 361)

3 December 2019

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SUCCESSFUL SHORTFALL PLACEMENT

PS&C Limited (ASX:PSZ) ( PS&C ) refers to its ASX announcement of 18 November 2019 and is pleased to announce that it has received binding commitments from a professional and sophisticated investor in respect of 18,750,000 shortfall shares resulting from its recent entitlement offer ( Entitlement Offer ) to raise an additional $750,000 ( Shortfall Placement ). The issue price for the Shortfall Placement is the same as under the Entitlement Offer (being $0.04 per share).

The Entitlement Offer together with the Shortfall Placement will provide gross proceeds of approximately $1.542M to PS&C. The shares to be issued under the Shortfall Placement will rank equally with existing fully paid ordinary shares in PS&C. The proceeds will be used to fund working capital and to reduce net debt on PS&C’s Balance Sheet

Shareholder approval is not required for the Shortfall Placement.

The new shares under the Shortfall Placement are expected to be issued on or around 3[rd] December 2019, with trading to commence on or around 4[th] December 2019.

The Directors have reserved the right to place the remaining shortfall shares in their discretion within three months of the closing date of the Entitlement Offer.

END

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----- Start of picture text ----- 03 9682 2699info@PSZgroup.com.au----- End of picture text -----

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----- Start of picture text ----- Melbourne, VictoriaAustralia, 3000www.PSZgroup.com.au----- End of picture text -----