COMMS GROUP LTD — Capital/Financing Update 2019

Oct 17, 2019

CommsChoice Group Limited 6 / 56 Clarence Street Sydney NSW 2000

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18 October 2019

CLEANSING NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001

Type:	Shares
Class/Description:	Ordinary
ASX Code:	CCG
Issue date	16 October 2019
Number Issued:	5,698,450
Issue Price per Security:	$0.25

Commschoice Group Limited (ASX: CCG) (Company) confirms that further to the Appendix 3B released on 16 October 2019, the Company announced the issue and allotment of 5,698,450 Vendor Completion Shares pursuant to the grant of a waiver of ASX Listing Rule 7.1 to allow the shares to be issued without shareholder approval as disclosed in the CCG prospectus dated 28 November 2017.

The Corporations Act 2001 (Cth) (Corporations Act) restricts the on-sale of securities issued without disclosure, unless the sale is exempt under section 708 or 708A of the Corporations Act. By giving this notice, a sale of the Shares noted above will fall within the exemption in section 708A(5) of the Corporations Act.

Pursuant to section 708A(5)(e) of the Corporations Act, the Company gives notice that:

• (a) the Company issued the Shares under a prospectus dated 28 November 2017 issued by the Company; and

• (b) as at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company;

• (c) as at the date of this notice, the Company has complied with section 674 of the Corporations Act as it applies to the Company; and

• (d)

• as at the date of this notice, there is no information:

• (i) that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• (ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • A. the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

  • B. the rights and liabilities attaching to the Securities.

Yours sincerely,

Andrew Metcalfe Company Secretary

ABN 64 619 496 539