CANN GROUP LIMITED — Capital/Financing Update 2017

May 2, 2017

Notice

Notice reference number: 0473.17.05

Notice date: 3/05/2017

What’s this about?

Effective date: 3/05/2017

==> picture [507 x 108] intentionally omitted <==

----- Start of picture text -----  ASX Trade ASX 24 ASX TECH Trading Clearing Settlement ALC ASX NETOperations Technology Market Data Rules Compliance Risk  OtherTitle----- End of picture text -----

Cann Group Limited – Admission and Commencement of Official Quotation

Description

Cann Group Limited (Company) was admitted to the Official List of ASX Limited (ASX) on Wednesday, 3 May 2017.

Official quotation of the Company’s securities will commence at 11:15 am AEST on Thursday, 4 May 2017. The Company has raised $13.5 million by the offer of 45,000,000 ordinary shares at $0.30 per share under a prospectus dated 28 March 2017.

Quoted Securities: 75,633,333 fully paid ordinary shares ASX Code: CAN Time: 11:15 am AEST Date: 4 May 2017 ASX Trade Abbreviation: CANN GROUP ISIN: AU000000CAN2 Home Branch: Melbourne Industry Classification: Pending Registered Office: Level 2, 409 St Kilda Road Melbourne VIC 3004 Phone: (03) 9095 7088 Company Secretary: Richard Baker Share Registry: Link Market Services Limited Tower 4, 727 Collins St Melbourne VIC 3000 Phone: 1300 554 474 Balance Date: 30 June CHESS: Participating. The Company will also operate an issuer sponsored sub-register. Place of Incorporation: Victoria, Australia Dividend Policy: See page 118 of the Company’s prospectus.

1/2

ASX Notice

(continued)

Activities: Cultivation of cannabis for medicinal and research purposes and manufacturing of medicinal cannabis products ASX Restricted Securities: 32,720,001 fully paid ordinary shares escrowed for 24 months from the date of quotation. 2,000,000 options exercisable at $0.37 expiring 30 June 2019 escrowed for 24 months from the date of quotation. Securities not quoted: Nil

What do I need to do and by when?

For further details, please refer to the Company’s prospectus dated 28 March 2017.

Need more information?

For further details, please refer to the Company’s replacement prospectus dated 28 March 2017.

Issued by James Gerraty

4B

Contact Details (03) 9617 7842 5 Disclaimer

2/2