DXN LIMITED — Capital/Financing Update 2019

Nov 5, 2019

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6 November 2019

ASX Announcement

DXN Limited signs Southern Cross Cable Limited

Pre-fabricated modular data centre specialist, DXN Limited (ASX:DXN), is pleased to announce the execution of a contract of approx. AU$2.4M with Southern Cross Cable Ltd ( SCCL ) to supply state-of-the-art modular cable landing stations in the Pacific.

Matthew Madden, CEO, DXN Limited said that the contract was for three deployments in the Pacific, located in Fiji (Savusavu), Kiribati and Tokelau, with Samoa (Apia) as an additional option. “We are very excited to be a part of this critical project for the Pacific region, providing SCCL with key elements for the cable landing stations for Southern Cross NEXT. We are confident that our products will provide a robust and reliable solution to the people in the Pacific Islands for the 25year plus life of the cable. I am very pleased that our pre-fabricated modular Cable Landing Station solutions measure up to the stringent design and engineering requirements prescribed by SCCL.”

Southern Cross NEXT will provide data connectivity between Sydney, Auckland, and Los Angeles and is scheduled for completion by January 2022. The new route will also provide critical international cable connectivity to the Pacific Islands of Fiji, Tokelau and Kiribati, with the potential to include connectivity to Samoa (Apia).

The new Southern Cross NEXT cable system will expand the existing Southern Cross eco-system and allow Southern Cross NEXT customers to leverage Southern Cross’ extensive point-ofpresence network and access infrastructure already in place. It will also allow Southern Cross NEXT customers to flexibly assign new and existing capacity across the three Southern Cross Cable routes throughout the Pacific, connecting Australia, New Zealand, Fiji and the United States, to maximise diversity and resiliency.

Laurie Miller, CEO Southern Cross Cables said: “In looking for a solution for the Pacific Islands, we wanted the highest quality engineering to match our ambitions for the new cable. DXN showed they can deliver all of that quickly, even in a challenging location like the Pacific. With a team located in the region, and an ability to offer a full turnkey solution compliant to Australian standards, the DXN offer was extremely compelling. We look forward to working closely with DXN on delivering such an important infrastructure project for the Oceania region”

Construction of the landing stations will commence mid-November, with deployment to be completed in 2020. Engineered to exacting standards, the facilities are designed to work flawlessly, even during the most demanding climatic conditions. They will include integrated standby power from batteries and a diesel generator, which provides protection from power glitches, and a full suite of security capabilities to protect operations from unwanted attention.

The Agreement is subject to standard termination provisions for a contract of this nature.

-Ends-

DXN Limited ABN: 46 620 888 548

9 Mumford Place, Balcatta, Perth, Western Australia, 6021 W: dxn.solutions | T: 1300 328 239 | E: info@dxn.solutions

About DXN Limited

DXN Limited designs, builds, owns and operates data centres. Offering integrated, customised and tailored solutions to clients, DXN provides businesses with the option of delivering solutions to site through containerised modules, or space in DXN’s modular colocation facilities to suit technical specifications and operational requirements. From a single rack in the colocation facilities through to fully customised Edge Infrastructure, DXN can deliver a range of solutions to meet modern data centre requirements. DXN has achieved an industry first and become the first modular data centre developer in the world to receive both Uptime Institute Tier-Ready III and Tier-Ready IV design review awards. For more https://dxn.solutions

About Southern Cross Cable Limited

Southern Cross is a private company providing fast, high capacity dedicated connectivity from Australia, New Zealand, Fiji and Hawaii to the heart of the internet on the US West Coast, via our redundant and diverse fibre-optic submarine cable network. The Southern Cross NEXT project will expand the Southern Cross eco-system by adding a new high capacity, low latency route between Sydney and Los Angeles, with connections to Auckland, Fiji, Tokelau and Kiribati, with an option to connect Samoa. Southern Cross Cable Network has offices in Bermuda, Sydney, Auckland and Wellington. For more https://www.southerncrosscables.com/

For more information please contact:

Matthew Madden, CEO Katrina Walker, PR T +61 1300 328 239 T: +61 416 333 200 E: Matthew.Madden@dxn.solutions E: katwalk@me.com

DXN Limited ABN: 46 620 888 548

9 Mumford Place, Balcatta, Perth, Western Australia, 6021 W: dxn.solutions | T: 1300 328 239 | E: info@dxn.solutions