CL8 HOLDINGS LIMITED — Director's Dealing 2020

May 17, 2020

18 MAY 2020

ASX ANNOUNCEMENT

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DIRECTORS’ INTERESTS NOTICES – SMALL HOLDINGS SALE FACILITY

Collaborate Corporation Limited (ASX:CL8) ( Collaborate or the Company ) advises that further to the announcement released to the market on 18 May 2020 in relation to the small holdings sale facility ( Facility ), the Company notifies the market of changes to the respective interests of directors Chris Noone and Robbie Blau as well as alternate director Kevin Wundram.

Collaborate is offering the Facility to enable shareholders with Small Holdings (which are parcels of CL8 shares with a market value of less than $500) to sell their shares without incurring a brokerage or handling cost which may otherwise render a sale unattractive or uneconomical. The Facility will also assist the Company to reduce the administrative costs, including printing and mailing costs and share registry expenses, associated with maintaining a large number of small shareholdings on its register. The Record Date, for the purposes of determining shareholders who were eligible to sell their Small Holdings through the Facility ( Eligible Shareholders ), was 5:00 pm (AEST) on 15 May 2020.

As previously announced, Chris Noone together with SG Fleet have agreed to purchase Small Holdings from Eligible Shareholders under the Facility.

Following are the relevant Appendix 3Y – Change of Directors’ Interest Notices.

Authorised by:

Adrian Bunter Non-Executive Chairman Collaborate Corporation Limited

For more information please contact:

Chris Noone CEO and Director Collaborate Corporation Limited E: shareholder@collaboratecorp.com

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 providing innovative mobility solutions for consumers and the automotive industry. Collaborate operates www.DriveMyCar.com.au Australia’s leading peer-to-peer car rental business, and www.Carly.co, Australia’s first flexible car subscription service, supported by our proprietary PeerPass trust and reputation platform.

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Suite 3, Level 7, 189 Kent Street, Sydney NSW 2000 Tel: +61 2 8889 3641 E: shareholder@collaboratecorp.com W: www.collaboratecorp.com ACN 066 153 982

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Collaborate Corporation Limited ABN 60 066 153 982

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Christopher James Noone
Date of last notice	16 March 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Not applicable
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change
No. of securities held prior to change
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Small holdings sale facility agreement with the Company dated 15 May 2020 (Facility Agreement). Summary of key terms contained in the ASX announcement released to the market on 18 May 2020 in relation to the small holdings sale facility being provided to eligible shareholders (Small Holdings Sale Facility).
Nature of interest	Purchase of fully paid ordinary shares (Shares) pursuant to the Facility Agreement.
Name of registered holder (if issued securities)	Noone Holdings Pty Ltd as trustee for the C and K Noone Family Trust
Date of change	15 May 2020
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable.
Interest acquired	Purchase of up to 5,592,960 Shares after completion of the Small Holdings Sale Facility pursuant to the Facility Agreement.
Interest disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	$0.009 per Share pursuant to the Facility Agreement.
Interest after change	Assuming purchase of all Shares pursuant to Facility Agreement: Up to 9,785,083 Shares 883,333 options exercisable at $0.0198 with an expiry date of 28 November 2020 (Executive A Options). 883,333 options exercisable at $0.0298 with an expiry date of 28 November 2020 (Executive B Options). 3,500,000 options exercisable at $0.0494 each with an expiry date of 23 November 2020 (Officer A Options). 7,000,000 options exercisable at $0.0792 each with an expiry date of 23 November 2020 (Officer B Options). 336,110 options exercisable at $0.015 each on or before 18 December 2020 (Unquoted Options).

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable.
If prior written clearance was provided, on what date was this provided?	Not applicable.

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Collaborate Corporation Limited ABN 60 066 153 982

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Robert Pinkas Blau
Date of last notice	10 December 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Not applicable
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change
No. of securities held prior to change
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Not applicable1
Nature of interest	Not applicable2
Name of registered holder (if issued securities)	Not applicable3
Date of change	15 May 2020
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable.
Interest acquired	Nil4
Interest disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable5
Interest after change	Nil6

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable.

1 SG Fleet Management Pty Limited, a subsidiary of SG Fleet Group Limited (ASX:SGF) ( SG Fleet ) has entered into a small holdings sale facility agreement with the Company dated 15 May 2020 ( Facility Agreement ). Summary of key terms are contained in the ASX announcement released to the market on 18 May 2020 in relation to the small holdings sale facility being provided to eligible shareholders ( Small Holdings Sale Facility ). 2 Purchase of fully paid ordinary shares ( Shares ) pursuant to the Facility Agreement. 3 SG Fleet Management Pty Limited. Mr Blau is a director, shareholder and Chief Executive Officer of SG Fleet. 4 Under the Facility Agreement, SG Fleet may purchase up to 13,050,240 Shares after completion of the Small Holdings Sale Facility. 5 $0.009 per Share pursuant to the Facility Agreement. 6 Assuming purchase of all Shares pursuant to the Facility Agreement, SG Fleet will hold up to 170,194,437 Shares after the change.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was Not applicable. provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/09/01 Amended 01/01/11

Name of entity Collaborate Corporation Limited ABN 60 066 153 982

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	Kevin Victor Wundram
Date of last notice	10 December 2019

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Not applicable
Nature of indirect interest (including registered holder) Note: Provide details of the circumstances giving rise to the relevant interest.
Date of change
No. of securities held prior to change
Class
Number acquired
Number disposed
Value/Consideration Note: If consideration is non-cash, provide details and estimated valuation
No. of securities held after change
Nature of change Example: on-market trade, off-market trade, exercise of options, issue of securities under dividend reinvestment plan, participation in buy- back

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	Not applicable1
Nature of interest	Not applicable2
Name of registered holder (if issued securities)	Not applicable3
Date of change	15 May 2020
No. and class of securities to which interest related prior to change Note: Details are only required for a contract in relation to which the interest has changed	Not applicable.
Interest acquired	Nil4
Interest disposed	Nil.
Value/Consideration Note: If consideration is non-cash, provide details and an estimated valuation	Not applicable5
Interest after change	Nil6

Part 3 –[+] Closed period

Part 3 –+Closed period
Were the interests in the securities or contracts detailed above traded during a+closed period where prior written clearance was required?	No
If so, was prior written clearance provided to allow the trade to proceed during this period?	Not applicable.

1 SG Fleet Management Pty Limited, a subsidiary of SG Fleet Group Limited (ASX:SGF) ( SG Fleet ) has entered into a small holdings sale facility agreement with the Company dated 15 May 2020 ( Facility Agreement ). Summary of key terms are contained in the ASX announcement released to the market on 18 May 2020 in relation to the small holdings sale facility being provided to eligible shareholders ( Small Holdings Sale Facility ). 2 Purchase of fully paid ordinary shares ( Shares ) pursuant to the Facility Agreement. 3 SG Fleet Management Pty Limited. Mr Wundram is a director, shareholder and Chief Financial Officer of SG Fleet.

4 Under the Facility Agreement, SG Fleet may purchase up to 13,050,240 Shares after completion of the Small Holdings Sale Facility. 5 $0.009 per Share pursuant to the Facility Agreement. 6 Assuming purchase of all Shares pursuant to the Facility Agreement, SG Fleet will hold up to 170,194,437 Shares after the change.

• See chapter 19 for defined terms.

Appendix 3Y Page 2

01/01/2011

Appendix 3Y Change of Director’s Interest Notice

If prior written clearance was Not applicable. provided, on what date was this provided?

• See chapter 19 for defined terms.

01/01/2011 Appendix 3Y Page 3