DATAWORKS GROUP LIMITED — Board/Management Information 2018

Sep 5, 2018

ASX and Media release

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IXUP Appoints Chief Executive Officer

6 September 2018: The Board of IXUP Limited (IXUP) (ASX: IXU) is pleased to advise that Mr Peter Leihn has been appointed as Chief Executive Officer of the Company. Peter will commence his role in early November 2018.

Peter is an outstanding executive with more than 25 years’ experience in senior technology roles. He has extremely relevant domain experience in both industry and government on innovation and addressing challenges using the latest data collaboration and technology solutions.

He joins IXUP from Data61, the Australian Government CSIRO specialist data and technology innovator, where he was the global head of Commercial based in San Francisco. Peter led the commercialisation of Data61’s world-leading capabilities in digital and data research, engineering and product development. He also had responsibility for driving Data61’s global growth strategy.

Peter’s previous leadership roles include Director of the Office of the Chief Scientist for the State of New South Wales where he led science policy development and had oversight for strategic investment in the innovation ecosystem. This followed a long career in the Asia Pacific with global ICT companies Hewlett-Packard and Autodesk.

Peter‘s acknowledged expertise in the areas of data availability, privacy, data innovation models and the commercialisation of technology has made him a sought after speaker at government innovation and technology events around the world.

A graduate of the Australian Institute of Company Directors (AICD), Peter holds a Bachelor’s in Applied Science from the Southern Cross University; Graduate Diploma in Marketing from Monash University; Masters in Environmental Science and Law from University of Sydney and he is currently completing his PhD in Innovation Economics, with a focus on commercialisation strategies, at Swinburne University of Technology.

IXUP Chairman and Acting CEO Tim Ebbeck said : “As previously indicated, the Board always intended to separate the roles of Chairman and CEO when business momentum was underway, and an outstanding candidate became available. We are delighted to appoint someone of Peter Leihn’s calibre after undertaking an extensive local and international search process. Peter’s domain expertise, leadership, commercial skills, and established industry, government, and international network provide the definitive skill-set to drive the business forward. I am excited to have Peter join the IXUP team and look forward to working with him, both through an orderly transition and in my capacity as Non-Executive Chairman.”

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IXUP Founder and Executive Director Dean Joscelyne said : “As the Founder of IXUP, I am delighted to welcome Peter to the IXUP team. Peter is ideally placed to promote IXUP’s unique trusted data collaboration platform which disrupts the traditional data sharing model. I’d also like to take this opportunity to thank Tim for his hard work as Acting CEO, taking IXUP successfully through the IPO process and overseeing the recruitment of a world class team including, now, Peter Leihn as CEO. I look forward to his ongoing contribution as Chairman of the Board of Directors.”

The key terms and conditions of Mr Leihn’s appointment are set out in Attachment 1.

Contact:

Sara Musgrave s.musgrave@fcr.com.au 0425656019

About IXUP

Founded in 2011, IXUP (pronounced 'Eyes Up') developed an innovative software environment providing security of data in trusted data collaborations. The IXUP environment helps organisations collaborate using multiple sources of data and therefore derive deeper insights to inform business strategy and gain competitive advantage. The environment is unique with its patented approach to security and matching which overcome security and technology challenges inherent in data sharing models. IXUP is headquartered in Sydney, Australia.

For further information please visit www.ixup.com

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Mr Peter Leihn – Key Terms and Conditions of Employment

Base Annual Salary:

$350 000 exclusive of superannuation

Executive Incentive Share Plan

Initial ESOP Grant of 1,500,000 options, vesting over 3 years and at strike price in accordance with scheme.

1,500,000 IXUP performance share rights, being 500,000 Class A, 500,000 Class B and 500,000 Class C rights.

Performance Criteria for all classes of performance rights:

• 2 years of continuous employment, AND

• The Company achieving Cumulative Contracted Revenue of:

• Class A AU$5 million

• Class B AU$10 million

• o Class C AU$15 million

Short Term Incentive Plan (STIP)

Employee will be eligible to participate in the STI Bonus Plan up to a maximum annual incentive of $150,000.

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