AVA RISK GROUP LIMITED — Capital/Financing Update 2015

May 6, 2015

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Via ASX Online ASX Market Announcements Office ASX Limited

7 May 2015

Future Fibre Technologies Limited (ACN 064 089 318) (FFT) Pre-Quotation Disclosure

1. Commitments per FFT business plan for the purposes of Listing Rule 1.3.2(b)

The following information is provided to ASX for the purposes of detailing the commitments of FFT consistent with this business objective to spend at least half of its cash reserves after the cost of the capital raising. The cost of the capital raising is expected to be A$1.489 million. On a capital raise of A$21 million this leaves cash of approximately A$19.5 million. FFT’s current cash position is minimal.

A description of the commitments and the amount budgeted is set out below.

Description	Amount
Expenses with respect to continued intellectual property development and	A$2 million
protection as well as continued development of the technological suite of products
that FFT sells as detailed in the FFT’s replacement prospectus dated 16 April 2015
(prospectus)
Cost of establishing new offices in new geographical locations including fit-out	A$1.1 million
costs, less in costs, costs of leasing or purchasing computer systems, staff
employment, staff training and recruitment consistent with FFT’s stated policy to
move in to new geographical regions
Capitalisation of balance sheets of international subsidiaries – required to ensure	A$2 million.
that the local contracting subsidiaries satisfy minimum requirements with respect to
local government/semi-government capital requirements as a precondition to
tendering in relevant jurisdictions
Funds required for bank guarantees, retention amounts and other sureties for	A$12 million
projects in the FFT pipeline for 2015 and 2016 financial years
Total	A$17.1 million

2. KTM Option Issue: Confirmation

FFT confirms that 3,400,000 options were issued to KTM Capital Pty Limited (ACN 086 281 950) in accordance with the underwriting agreement disclosed in FFT’s prospectus.

3. Escrow restrictions: Confirmation

FFT confirms that:

• (a) of the total [120,624,000] fully paid ordinary shares on issue, 85,694,820 are subject to voluntary escrow for a period of 12 months from the date of official quotation of the shares; and

• (b) of the [14,134,440] options on issue, [12,360,000] options are subject to voluntary escrow for a period of 12 months from the date of official quotation of the shares.