BUTN LIMITED — Capital/Financing Update 2021

Dec 16, 2021

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Butn Limited ACN 644 182 883 www.butn.co

ASX Code: BTN

Melbourne, 17/12/2021 ASX ANNOUNCEMENT

Butn substantially expands its addressable customer base with OZEDI partnership

Highlights:

• Strategic partnership with leading business messaging provider, OZEDI

• Over 50,000 businesses in Australia, large and small, rely on OZEDI to swiftly, securely and cost effectively deliver their critical data from superannuation to payroll and eInvoicing

• OZEDI will distribute the full Butn funding product solution across its software provider client base

• The integration of the Butn solution within payments and invoicing systems will allow enduser customers quick access to Butn’s cashflow solutions

• First joint integrations expected in 1H 2022

• Butn expects revenue from this partnership to be material over time, due to the size of the market opportunity and the extensive OZEDI business end-user base.

Butn Limited (ASX: BTN; Butn) is pleased to announce a strategic partnership and distribution agreement with one of Australia’s leading business messaging providers, OZEDI, significantly increasing Butn’s addressable customer base.

Melbourne-based OZEDI is one of Australia’s largest digital delivery providers across superannuation, payroll and eInvoicing to business and government. It provides software to a range of customers, enabling them to safely and securely send critical data from superannuation to payroll and eInvoicing. It currently services more than 150 software platforms. These platforms in turn support an end-user customer base of over 50,000 that includes more than half of all businesses in Australia that employ more than 20 people.

Under the agreement, OZEDI will distribute the full Butn funding product solution across its customer base, including a strong pipeline of new clients being onboarded in CY 2022. OZEDI will also provide account management and support to its integration partners and their technical teams.

OZEDI clients will integrate the Butn solution within their payments and invoicing systems, allowing their end-user businesses access to cashflow solutions at the click of a Butn.

The agreement covers Australia and New Zealand for an initial two-year term, with options for extension.

The first joint integrations are expected in 1H 2022, with plans to onboard both current and new clients on an ongoing basis.

Butn expects revenue from this partnership to be material over time, due to the size of the market opportunity and the extensive OZEDI business end-user base.

Co-founder and Co-CEO of Butn, Rael Ross said: “The OZEDI partnership is a great example of the advantage we have in our ability to fully integrate into partner platforms – thereby providing a seamless experience for users. It allows Butn to leverage the high levels of integrity, security and reliability that OZEDI has established with its customers in order to deliver a powerful cashflow solution technology to OZEDI’s clients. By integrating the Butn solution within their payments and invoicing systems, their end users will have quick access to cashflow which is critical at this time of increased growth off the back of COVID-19.”

OZEDI CEO Christian Walkerden, added: “With the critical nature of cashflow issues being elevated during the pandemic, combined with the need to find elegant digital solutions, the time has well and truly come for cashflow solutions and services to be made available to businesses directly from within their native software.”

“After making the strategic judgement that this service was increasingly essential, OZEDI spent more than 12 months of due diligence and careful assessment to confirm that Butn represents the cutting edge and are the clear market leader for this technology.”

This announcement has been authorised for release by Rael Ross, Co-CEO and Executive Director of Butn Limited.

For further information please contact:

Investors

Rael Ross, Joint CEO and Exec Director Investor Relations: investors@butn.co

Media

Tristan Everett, Market Eye tristan.everett@marketeye.com.au +61 403 789 096

About Butn

Butn Limited is an Australian Business-to-Business (‘B2B’) funder innovating the way SMEs fund and grow their businesses. Butn focuses on transactional funding – funding SME businesses through their working capital constraints by financing individual transactions, leveraging the end debtor’s credit. With a vision of “Your money, today” Butn delivers cashflow funding solutions at the click of a Butn having funded over $700 million to Australian businesses. For more information visit www.butn.co

About OZEDI

OZEDI, a Melbourne owned and operated business messaging specialist with an extensive history in AS4 technologies. We have built a reputation on providing technology that is at the cutting edge, delivering our clients the very best business messaging tools. OZEDI is the trusted Digital Partner of Software, Government and Business, delivering critical business data swiftly, securely and cost-effectively. Our commitment to offering simple yet elegant solutions, coupled with our proven reliability ensures that if you’re with OZEDI, you’re Always Connected. Find out more at www.ozedi.com.au