CL8 HOLDINGS LIMITED — Capital/Financing Update 2017

Apr 12, 2017

ASX ANNOUNCEMENT

13 APRIL 2017

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UPDATE ON EXERCISE OF OPTIONS

Collaborate Corporation Limited (ASX:CL8) (Collaborate or the Company) is pleased to announce that it has today processed a further $120,116 from the exercise of CL8O options and issued the shares accordingly. A total of $524,855 has been paid to the Company to exercise CL8O options to date.

A total of $1.26 million, or 63 million options, was underwritten by existing shareholders (Underwritten Amounts). Full details of the underwriting arrangements and advances were announced to ASX on 10 February 2017.

CL8O option holders are eligible to exercise their options up to 5:00 pm on 30 April 2017. If all remaining options are exercised, the Company will receive approximately $2.975 million in total (inclusive of the Underwritten Amounts), before costs.

The Directors take this opportunity to remind option holders who wish to exercise their options to ensure that cleared funds are received together with a completed and signed option exercise form prior to the expiry date of Sunday, 30 April 2017. We also remind shareholders that CL8 shares are currently trading above the exercise price of the CL8O options, and that under the underwriting agreement, should any CL8O options remain unexercised at the time of expiry, the underwriters have a first right of refusal on any unexercised CL8O options up to a maximum value of their Underwritten Amounts.

Authorised by:

Chris Noone CEO and Director Collaborate Corporation Limited

About Collaborate Corporation Limited

Collaborate Corporation Limited is listed on the Australian Securities Exchange (ASX:CL8). It is Australia’s leading listed company focused on ‘collaborative consumption’, ‘peer-to-peer’ or ‘sharing economy’ businesses. Collaborate currently has two core business segments: www.DriveMyCar.com.au Australia’s leading peer-to-peer car rental business and www.MyCaravan.com.au Australia’s leading peer-to-peer caravan rental business and will launch www.Mobilise.com in 2017, a rental marketplace for under-utilised assets. Collaborate has a material investment in FundX, a peer-to-peer invoice discounting and SME lending platform. Through our proprietary trust and reputation platform, www.peerpass.com.au we create ‘trust’ between individuals and make it possible for people to safely transact with each other in the sharing economy.

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Suite 1, Level 6, 20 Loftus Street, Sydney NSW 2000 Tel: +61 2 8889 3641 E: shareholder@collaboratecorp.com W: www.collaboratecorp.com ACN 066 153 982