ASSET VISION CO LTD — Capital/Financing Update 2019

Nov 17, 2019

18 November 2019

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ASX Announcement

PS&C LIMITED (ACN 164 718 361)

COMPLETION OF ENTITLEMENT OFFER

PS&C Limited (ASX:PSZ) ( PSC ) advises that its recent 1 for 3 pro-rata non-renounceable entitlement offer ( Offer ) closed on 14 November 2019. PSC advises that it raised a total of $791,619.80 from existing shareholders under the Offer.

A total of 19,790,495 shares were subscribed for under the Offer. Of these, 16,204,999 shares were subscribed for pursuant to PSC shareholders taking up their entitlements under the Offer, and 3,585,496 shares were subscribed for pursuant to PSC shareholders applying for additional shares in excess of their entitlements. The number of shares offered under the Offer was 83,986,684 shares resulting in a shortfall of 64,196,189 shares.

The new shares under the Offer are expected to be issued on or around 19 November 2019, with trading to commence on or around 20 November 2019.

PSC intends to seek commitments for shortfall shares from various professional and sophisticated investors and expects to update the market in this regard in the coming days.

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

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