DATAWORKS GROUP LIMITED — Regulatory Filings 2021

Feb 7, 2021

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8 February 2021

Clarification of Partnership with DataPOWA Limited

IXUP Limited (ASX: IXU) (“IXUP” or the “Company”), a leading technology company that secures data analytics and collaboration by using advanced encryption, refers to its earlier announcement titled “Collaboration with Tekkorp Capital Delivers Key Opportunity”, wherein it advised that the Company had entered into a data analytics and insights collaboration agreement with DataPOWA Limited (“DataPOWA”).

For completeness, the Company wishes to provide the following additional information in relation to the partnership:

• The agreement with DataPOWA is not exclusive, is for a period of 2 years and each party bears its own costs.

• The Company does not consider that the collaboration agreement with DataPOWA is material to the Company in its own right, although notes that it has potential to deliver future commercial relationships that have potential to be. The companies are currently jointly pursuing data analytics and marketing initiatives which are remain incomplete and uncertain in outcome.

• There are no material conditions that need to be satisfied before the partners become legally bound to proceed with the terms of the commercial agreements which are anticipated to be delivered as a result of the DataPOWA collaboration.

• There is no other material information relevant to assessing the impact of the commercial agreements on the price or value of the Company’s securities.

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

-ENDS-

For enquiries regarding this release please contact:

Mr Marcus Gracey Managing Director/CEO Ph +61 407 069 011 marcus.gracey@ixup.com

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, 5-7 Ross Street, Parramatta NSW 2150.