DE.MEM LIMITED — Capital/Financing Update 2019

Jun 3, 2019

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4 June 2019

Company Announcements Office, ASX Limited By E-Lodgement

Correction to Cleansing Notice

Please note there was a typographical error in the cleansing notice lodged earlier on 4 June 2019.

The deemed issue price of 1,665,367 fully paid ordinary shares issued today, is $0.122 per share. The corrected cleansing notice is attached.

There is no change to the Company’s Appendix 3B lodged on 4 June 2019.

If you have any questions please call Deborah Ho on 08 9482 0500.

Yours sincerely, Deborah Ho Joint Company Secretary

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4 June 2019

Company Announcements Office, ASX Limited By E-Lodgement

Corrected Cleansing Notice

On 4 June 2019, De.mem Limited (“De.mem” or “Company”) issued 1,665,367 fully paid ordinary shares in capital of the Company at a deemed issue price of $0.122 per share. These shares were issued as deferred consideration for the acquisition of the issued capital of the Akwa Worx companies upon satisfaction of Milestones 2 and 3 of the Akwa Worx acquisition agreement.

The shares were issued using the Company’s placement capacity under Listing Rule 7.1.

This notice is given by the Company under section 708A(5)(e) of the Corporations Act 2001 (Cth) ("Corporations Act”), as modified by Australian Securities and Investments Commission.

For the purposes of section 708A(5)(e) of the Corporations Act, the Company advises as follows:

• a) the Company issued the Shares without disclosure under Part 6D.2 of the Corporations Act 2001 (Cth) (Corporations Act);

• b) as at the date of this notice the Company has complied with:

  • i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

ii) section 674 of the Corporations Act as it applies to the Company; and

• c) as at the date of this announcement, there is no excluded information of the type referred to in sections 708A(7) and 708A(8) of the Corporations Act.

If you have any questions please call Deborah Ho on 08 9482 0500.

Yours sincerely, Deborah Ho Joint Company Secretary

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