DATAWORKS GROUP LIMITED — Share Issue/Capital Change 2021

Dec 8, 2021

9 December 2021

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Vesting and Allotment of Performance Rights

IXUP Limited (ASX: IXU) (“ IXUP ” or the “ Company ”) announces the vesting of Performance Rights (Tranche 1) and allotment of Performance Rights, as previously approved by shareholders.

Vesting of Performance Rights

Further to the shareholder approval received on 29 January 2021 at the Company’s General Meeting (Resolutions 8 and 9), the Company has today issued the shares related to the vesting of the Tranche 1 Performance Rights previously issued to Mr Babarczy (Chair), being 2,000,000 Performance Rights, and Mr Gracey (Managing Director) being 6,000,000 Performance Rights.

The vesting conditions in respect to Tranche 1 of the Performance Rights, which have now been satisfied, are:

(i) 12 months of continuous service from the date of appointment; and (ii) the 20-day VWAP of the Company's shares being equal to or greater than $0.075.

The allotment of the related shares is outlined in the separately released Appendix 2A, Cleansing Statement and Appendix 3Ys announced today.

Allotment of Performance Rights

Further to the shareholder approval received on 24 November 2021 at the Company’s Annual General Meeting (Resolution 6), the Company has today also issued the performance rights to Tekkorp Capital LLC, the nominee for Mr Matt Davey, a Strategic Advisor to the Company.

The purpose of the proposed issue of Performance Rights is to incentivise Tekkorp Capital and Mr Davey in supporting IXUP Limited beyond the DataPOWA transaction in Tekkorp Capital’s and Mr Davey’s role as Strategic Advisor through M&A and strategic activities. Mr Davey is a manager and associated party of Tekkorp Capital.

The allotment is outlined in the separately released Appendix 3G announced today.

This announcement has been approved for release by the Chair 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 2 8206 8888 +61 02 8999 3699

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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.