COMMS GROUP LTD — Capital/Financing Update 2021

Feb 1, 2021

Comms Group Limited 6 / 56 Clarence Street Sydney NSW 2000

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ASX: CCG

ASX Release 1 February 2021

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

Type:	Shares
Class/Description:	Ordinary
ASX Code:	CCG
Issue date	29 January 2021
Number Issued:	70,812,456
Issue Price per Security:	$0.0942
Issue date	1 February 2021
Number Issued:	31,446,426
Issue Price per Security:	$0.08

1. Comms Group Limited (ASX: CCG) (Company) confirms that in relation to the Appendix 2A released on 29 January 2021, the Company announced the issue and allotment of 70,812,456 Ordinary Shares (escrowed) representing the Subscription Shares issued to vendors of Next Telecom Pty Ltd.

2. Comms Group Limited (ASX: CCG) (Company) confirms that in relation to the Appendix 2A released on 1 February 2021, the Company announced the issue and allotment of 31,446,426 Ordinary Shares representing Placement Tranche 2.

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 by way of a:

  • (i) Subscription for new ordinary shares pursuant to an acquisition

  • (ii) placement offer to investors;

• (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:

ABN 64 619 496 539

Comms Group Limited 6 / 56 Clarence Street Sydney NSW 2000

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• (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