DATADOT TECHNOLOGY LIMITED — Capital/Financing Update 2020

May 7, 2020

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8 May 2020

RIGHTS ISSUE CLEANSING NOTICE UNDER S.708AA(2)(f) OF CORPORATIONS ACT (“NOTICE”)

DataDot Technology Limited ( Company) (ASX:DDT) refers to its proposed non-renounceable Rights Issue announced on 1 May 2020.

The Company will offer to its shareholders the right to subscribe for 1 fully paid ordinary DDT share (“New Share”) for every 3 ordinary shares held at the Record Date being 7 May 2020 at an issue price of $0.004 per share to raise $1.07 million. If the Rights Issue is undersubscribed (“Shortfall”) then those shareholders who subscribed for their full entitlement will be offered to subscribe for additional shares up to the amount of the Shortfall on a pro-rata basis.

For the purposes of section 708AA(7) of the Corporations Act 2001 the Company advises:-

1. The Company will offer the New Shares without disclosure to investors under Part 6D.2 of the Act;

2. This notice is being given pursuant to s.708AA(2)(f) of the Act.

3. As at the date of this notice, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company, and section 674 of the Act; and

4. As at the date of this notice, there is no information:

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

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

     • (i) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

     • (ii) the rights and liabilities attaching to the shares.

5. The potential effect the Rights Issue will have on the control of the Company and consequences of that effect will depend on a number of factors, principally investor demand for the rights issue and the participation of existing major shareholders. It is expected that there will be no impact on control of the company.

This Cleansing Notice has been approved by the Board.

Yours faithfully

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Patrick Raper Company Secretary DataDot Technology Limited