ASSET VISION CO LTD — Capital/Financing Update 2021

Sep 26, 2021

Level 11, 410 Collins Street Melbourne, Victoria Australia, 3000

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www.futurefirsttech.io

+61 3 9682 2699

27 September 2021

Markets Announcement Platform Australian Securities Exchange

Cleansing Notice under section 708AA(2)(f) of the Corporations Act 2001 (Cth)

This notice is given by Future First Technologies Ltd ( ASX: FFT ) (ACN 164 718 361) ( FFT ) under section 708AA(2)(f) of the Corporations Act 2001 (Cth) ( Act ) as notionally modified by Australian Securities and Investments Commission Corporations (Non-Traditional Rights Issues) Instrument 2016/84 ( ASIC Instrument 2016/84 ).

Where applicable, references in this notice to sections of the Act are to those sections as modified by ASIC Instrument 2016/84.

FFT today has announced that is undertaking a pro-rata non-renounceable entitlement offer ( Offer ) of 1 fully paid ordinary share in FFT ( New Share ) for every 3 FFT ordinary shares held as at 7.00pm (Melbourne time) on Thursday, 30 September 2021 ( Record Date ) by FFT shareholders with a registered address in Australia and New Zealand ( Eligible Shareholders ) at an issue price of $0.045 per New Share. The Offer will be made pursuant to an Entitlement Offer booklet ( Offer Document ).

The Offer is led and managed by Advisor Solutions Group Pty Limited. The Offer is not underwritten. The directors have reserved the right to place any shortfall within 3 months of close of the Offer.

Eligible Shareholders may, in addition to taking up their entitlements in full, apply for additional shares ( Additional Shares ) in excess of their entitlements at the same price as under the Offer ( Top-Up Facility ).

Additional Shares will only be available where there is a shortfall between applications received from Eligible Shareholders and the number of New Shares, and subject to the allocation policy set out in the Offer Document.

FFT advises that:

• a) the New Shares will be offered for issue without disclosure under Part 6D.2 of the Act;

• b) the notice is being given under section 708AA(2)(f) of the Act;

• c) as at the date of this notice, FFT has complied with:

  • i. the provisions of Chapter 2M of the Act as they apply to FFT; and

  • ii. section 674 of the Act;

• d) as at the date of this notice, there is no excluded information of the type referred to in sections 708AA(8) and 708AA(9) of the Act; and

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• e) information regarding the potential effect of the issue of New Shares under the Offer will have on the control of FFT, and the consequences of that effect, is set out below.

  • i. The effect of the Offer on the control of FFT will depend on a number of factors, including existing shareholdings and investor demand.

  • ii. If all Eligible Shareholders take up their entitlements under the Offer, then the Offer will have no effect on the control of FFT.

  • iii. If some Eligible Shareholders do not take up all of their entitlements under the Offer, then the interests of those Eligible Shareholders will be diluted.

  • iv. The proportional interests of shareholders who are not Eligible Shareholders will be diluted because such shareholders are not entitled to participate in the Offer.

Having regard to:

• v. the composition of FFT's share register; and

• vi. the terms of the Offer (structured as a pro-rata issue)

FFT does not currently expect the issue of New Shares under the Offer to have a material effect on the control of FFT. However, there are a number of outcomes that may arise, which will largely depend on the extent to which Eligible Shareholders take-up their entitlements and apply for Additional Shares under the Top-Up Facility.

Yours faithfully,

Vesna Jelesic Company Secretary Future First Technologies Ltd

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