DATADOT TECHNOLOGY LIMITED — Capital/Financing Update 2020

May 3, 2020

Proposed issue of securities

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Announcement Summary

Entity name

DATADOT TECHNOLOGY LIMITED

Announcement Type

New announcement

Date of this announcement

Friday May 1, 2020

The Proposed issue is:

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A standard pro rata issue (including non-renounceable or renounceable) A placement or other type of issue

Total number of +securities proposed to be issued for a standard pro rata issue (including non-renounceable or renounceable)

ASX +Security Code

+Security Description

Maximum Number of +securities to be issued

DDT ORDINARY FULLY PAID

267,772,730

Ex date

Wednesday May 6, 2020

+Record date

Thursday May 7, 2020

Offer closing date

Friday May 29, 2020

Issue date

Tuesday June 2, 2020

Total number of +securities proposed to be issued for a placement or other type of issue

Maximum Number of ASX +Security Code +Security Description +securities to be issued DDT ORDINARY FULLY PAID 196,363,325

Proposed +issue date

Tuesday May 5, 2020

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Refer to next page for full details of the announcement

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Part 1 - Entity and announcement details

1.1 Name of +Entity

DATADOT TECHNOLOGY LIMITED

We (the entity named above) give ASX the following information about a proposed issue of +securities and, if ASX agrees to +quote any of the +securities (including any rights) on a +deferred settlement basis, we agree to the matters set out in Appendix 3B of the ASX Listing Rules.

1.2 Registered Number Type

Registration Number

ABN 54091908726

1.3 ASX issuer code

DDT

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Friday May 1, 2020

1.6 The Proposed issue is:

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A standard +pro rata issue (non-renounceable or renounceable) A placement or other type of issue

1.6a The proposed standard +pro rata issue is:

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• Non-renounceable

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Part 3 - Details of proposed entitlement offer issue

Part 3A - Conditions

3A.1 - Are any of the following approvals required for the entitlement offer to be unconditional? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

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No

Part 3B - Offer details

Class or classes of +securities that will participate in the proposed issue and class or classes of +securities proposed to be issued

ASX +Security Code and Description

DDT : ORDINARY FULLY PAID

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

If the entity has quoted company options, do the terms entitle option holders to participate on exercise? No

Details of +securities proposed to be issued

ASX +Security Code and Description

DDT : ORDINARY FULLY PAID

ISIN Code (if Issuer is a foreign company and +securities are non CDIs)

Offer ratio (ratio to existing holdings at which the proposed +securities will be issued)

The quantity of additional +securities For a given quantity of +securities to be issued held 1 3

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What will be done with fractional Maximum Number of +securities entitlements? proposed to be issued Fractions rounded up to the next 267,772,730 whole number

Purpose of the issue

Raise funds to repay debt and provide working capital.

Offer price details for retail security holders

Issue Currency Offer Price per +security AUD - Australian Dollar AUD 0.00400

Estimated or Actual? Actual

Oversubscription & Scale back details

Are +security holders allowed to oversubscribe?

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Yes

Provide the oversubscription details

If there is an undersubscription of the Rights Issue (¿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.

May a scale back be applied to this event?

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Yes

Provide the scale back details

DDT will calculate the total number of shares applied for and the percentage that that total represents of the total shareholdings of those applicants as at the Record Date, and if required will scale back shares issued to each applicant for shortfall shares by that percentage.

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

Part 3C - Timetable

3C.1 +Record date

Thursday May 7, 2020

3C.2 Ex date

Wednesday May 6, 2020

3C.4 Record date

Thursday May 7, 2020

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3C.5 Date on which offer documents will be sent to +security holders entitled to participate in the +pro rata issue Monday May 11, 2020

3C.6 Offer closing date Friday May 29, 2020

3C.7 Last day to extend the offer closing date Tuesday May 26, 2020

3C.9 Trading in new +securities commences on a deferred settlement basis Monday June 1, 2020

3C.10 Last day for entity to announce the results of the offer to ASX, including the number and percentage of +securities taken up by existing +security holders and any shortfall taken up by underwriters or other investors Monday June 1, 2020

3C.11 Issue date

Tuesday June 2, 2020

3C.12 Date trading starts on a normal T+2 basis Wednesday June 3, 2020

3C.13 First settlement date of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Friday June 5, 2020

Part 3E - Fees and expenses

3E.1 Will there be a lead manager or broker to the proposed offer? No

3E.2 Is the proposed offer to be underwritten? No

3E.3 Will brokers who lodge acceptances or renunciations on behalf of eligible +security holders be paid a handling fee or commission? No

3E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed offer

N/A

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Part 3F - Further Information

3F.1 The purposes for which the entity intends to use the cash raised by the proposed issue

Repay debt and provide working capital

3F.2 Will holdings on different registers or subregisters be aggregated for the purposes of determining entitlements to the issue? No

• 3F.3 Will the entity be changing its dividend/distribution policy if the proposed issue is successful? No

3F.4 Countries in which the entity has security holders who will not be eligible to participate in the proposed issue

3F.5 Will the offer be made to eligible beneficiaries on whose behalf eligible nominees or custodians hold existing +securities Yes

3F.5a Please provide further details

Offer will be sent to Custodian shareholders

3F.6 URL on the entity's website where investors can download information about the proposed issue

Will be included in the offer document sent to shareholders.

3F.7 Any other information the entity wishes to provide about the proposed issue

See offer document to be sent to shareholders.

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Part 7 - Details of proposed placement or other issue

Part 7A - Conditions

7A.1 - Are any of the following approvals required for the placement or other type of issue? +Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity

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No

Part 7B - Issue details

Is the proposed security a 'New class' (+securities in a class that is not yet quoted or recorded by ASX) or an 'Existing class' (additional securities in a class that is already quoted or recorded by ASX)? Existing class

Will the proposed issue of this +security include an offer of attaching +securities? No

Details of +securities proposed to be issued

ASX +Security Code and Description

DDT : ORDINARY FULLY PAID

Maximum Number of +securities proposed to be issued

196,363,325

Purpose of the issue

Repay Convertible Notes

Offer price details for retail security holders

In what currency is the cash What is the issue price per consideration being paid? +security? AUD - Australian Dollar AUD 0.00400

Will these +securities rank equally in all respects from their issue date with the existing issued +securities in that class? Yes

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Oversubscription & Scale back details

May a scale back be applied to this event? No

Part 7C - Timetable

7C.1 Proposed +issue date

Tuesday May 5, 2020

Part 7D - Listing Rule requirements

7D.1 Has the entity obtained, or is it obtaining, +security holder approval for the issue under listing rule 7.1? No

7D.1b Are any of the +securities proposed to be issued without +security holder approval using the entity's 15% placement capacity under listing rule 7.1? Yes

7D.1b ( i ) How many +securities are proposed to be issued without security holder approval using the entity's 15% placement capacity under listing rule 7.1?

196,363,325

7D.1c Are any of the +securities proposed to be issued without +security holder approval using the entity's additional 10% placement capacity under listing rule 7.1A (if applicable)? No

7D.2 Is a party referred to in listing rule 10.11.1 participating in the proposed issue? No

7D.3 Will any of the +securities to be issued be +restricted securities for the purposes of the listing rules? No

7D.4 Will any of the +securities to be issued be subject to +voluntary escrow? No

Part 7E - Fees and expenses

7E.1 Will there be a lead manager or broker to the proposed issue? No

7E.2 Is the proposed issue to be underwritten? No

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7E.4 Details of any other material fees or costs to be incurred by the entity in connection with the proposed issue N/A Part 7F - Further Information 7F.1 Will the entity be changing its dividend/distribution policy if the proposed issue proceeds? No 7F.2 Any other information the entity wishes to provide about the proposed issue N/A

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