DATAWORKS GROUP LIMITED — Capital/Financing Update 2021

Nov 28, 2021

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29 November 2021

Commitments for $10 million of Growth Funding Received in Oversubscribed Capital Raising

IXUP Limited (ASX: IXU) (“ IXUP ” or the “ Company ”) is pleased to announce that it has received commitments from investors to raise $10m (before costs) to fund ongoing commercialisation efforts for its world leading data collaboration technologies, as well as related working capital.

The raising, arranged by Cygnet Capital, was significantly oversubscribed and was supported by a number institutional and sophisticated investors, including strong support from existing shareholders.

IXUP thanks all investors for their support and looks forward to an exciting phase of growth ahead.

The raising, through the issue of 71,428,571 shares at $0.14 per share to professional and sophisticated investors, is being undertaken under Listing Rule 7.1, with an expected allotment date of Monday 6 December 2021.

Mr Julian Babarczy, the Chair of IXUP, has also supported the raising, through an associated entity subscribing for $250,000 share at the same price, in addition to the $10m raise noted above, subject to shareholder approval at a future general meeting.

Appendix 3Bs are concurrently being released to reflect these two placements.

This announcement has been approved for release by the Board of IXUP.

-ENDS-

For enquiries regarding this release please contact:

IXUP Investor Relations Mr Marcus Gracey Julian Maguire Managing Director/CEO Executive Director – The Capital Network contact@ixup.com julia@thecapitalnetwork.com.au +61 02 8999 3699

About IXUP

IXUP Limited (ASX:IXU) (pronounced ‘eyes up’) is a pioneering technology company that specialises in analytics over data that remains encrypted. IXUP’s privacy preserving analytics platform can help solve important research, business and policy problems by allowing data sets from different parties to be combined and analysed in a secure environment with full control. While conventional encryption techniques protect data when it is stored or in transit, they fail to protect data when it is in use. The IXUP platform uses advanced encryption and compute techniques including homomorphic encryption, that enables analytics over data without ever needing to decrypt it, preventing data from being vulnerable to loss and misuse.

To learn more, please visit: www.ixup.com. IXUP’s registered address is Level 3, 223 Liverpool Street Darlinghurst NSW 2010.