CL8 HOLDINGS LIMITED — Capital/Financing Update 2012

Nov 11, 2012

ASX ANNOUNCEMENT

12 NOVEMBER 2012

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SETTLEMENT OF SALE OF WEBSPY BUSINESS UNIT

The Board of Qanda Technology Limited (the Company ) is pleased to confirm that following the announcement on 9 November 2012 regarding the sale of the Company’s interest in the WebSpy business unit to Fastvue Inc ( Fastvue ), the transaction has now settled.

Pursuant to the share sale agreement dated 9 November 2012 (the Agreement ), the Company has received the cash consideration of A$800,000 from Fastvue and all conditions precedent contemplated in the Agreement have been fulfilled.

Authorised by:

Nathan Gyaneshwar

CEO

Qanda Technology Ltd Email: nathan.gyaneshwar@marketboomer.com