DXN LIMITED — Capital/Financing Update 2019

Mar 31, 2019

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1 April 2019

Dear Shareholder,

The Data Exchange Network Limited – pro-rata non renounceable rights issue

As announced on 27 March 2019, The Data Exchange Network Limited (ACN 620 888 548) ( DXN or the Company ) is undertaking a 8.5 for 10 pro-rata non renounceable rights issue ( Rights Issue or Offer ) of approximately 165,989,711 fully paid ordinary shares ( New Shares ) to raise approximately $8,299,485.

The price of the New Shares under the Offer is 5 cents per New Share ( Issue Price ). The Company will also issue 1 free attaching listed option ( New Option ) for every 2 New Shares subscribed for and issued, exercisable at 10 cents per New Option on or before the date which is one year from the date of issue. The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 28 March 2019.

The Offer is conditionally underwritten by Pinnacle Corporate Finance Pty Ltd. The terms of the underwriting are set out in section 9.4 of the Prospectus.

The funds raised under the Offer will be used for completion of the first 1 MW of core supporting infrastructure to support the 400kW of “ready for service” rack space currently at the Sydney datacentre, completion to 400kW of rack space in situ (facility, power and telco modules) and partial construction of 1MW of core supporting infrastructure at the Melbourne datacentre, working capital, and the costs of the Offer.

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm WST on 3 April 2019, whose registered address is in Australia, New Zealand or Singapore.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued approximately 165,989,711 New Shares resulting in total Shares on issue of approximately 361,271,724.

A copy of the Prospectus is available on ASX’s and DXN’s website. Eligible Shareholders will be mailed a Prospectus together with an Entitlement and Acceptance Form no later than 8 April 2019. Your entitlement will be set out on the personalised Entitlement and Acceptance Form accompanying the Prospectus.

For the purposes of calculating each Eligible Shareholders’ entitlement, fractions of entitlements have been rounded up to the nearest whole number of New Shares.

The Data Exchange Network Limited 9 Mumford Place, Balcatta, Perth, Western Australia, 6021 T: 1300 DATAEX | E: info@dataexchange.io

dataexchange.io

Actions required of Eligible Shareholders

There are a number of actions Eligible Shareholders may take:

• You may take up all or some of your rights to subscribe for New Shares pursuant to the Prospectus ( Entitlements ). To take up all or some of your Entitlements you will need to ensure your application money for the Entitlements you wish to take up is received by Automic Registry Services ( Share Registry ) by no later than 5.00pm WST on 29 April 2019, by either completing and returning your Entitlement and Acceptance Form together with your application money (at $0.05 per Share) or making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form.

• You may take up all of your Entitlements and apply for additional Shares. To take up all of your Entitlements and apply for additional Shares you will need to ensure your application money for the Entitlements you wish to take up is received the Share Registry by no later than 5.00pm WST on 29 April 2019, by either completing and returning your Entitlement and Acceptance Form together with your application money (at $0.05 per Share) or making a payment by BPAY in accordance with the instructions on your Entitlement and Acceptance Form.

• You may do nothing. If you choose to do nothing with your Entitlements, while you will continue to hold the same number of Shares, your interest in the Company will be diluted and you will receive no value for your Entitlement.

Key dates for the Offer

Key dates for the Offer
Event	Proposed Date
Lodgement of Prospectus with the ASIC	28 March 2019
Lodgement of Prospectus & Appendix 3B with ASX	28 March 2019
Notice sent to Shareholders	1 April 2019
Ex date	2 April 2019
Record Date for determining Entitlements	3 April 2019
Prospectus sent out to Shareholders & Company announces this has been completed	8 April 2019
Opening Date	8 April 2019
Last date to extend the closing date	23 April 2019
Closing Date*	29 April 2019
ASX notified of under subscriptions	2 May 2019
Issue date/Shares entered into Shareholders’security holdings	6 May 2019
Quotation of Shares issued under the Offer	7 May 2019

*The Directors may extend the Closing Date by giving at least 3 Business Days’ notice to ASX prior to the Closing Date. As such the date the Securities are expected to commence trading on ASX may vary.

If you have any queries concerning the Rights Issue, or the action you are required to take to subscribe for New Shares, please contact your financial adviser or George Lazarou, DXN’s Company Secretary, on +61 8 9288 1870.

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The Data Exchange Network Limited

9 Mumford Place, Balcatta, Perth, Western Australia, 6021 T: 1300 DATAEX | E: info@dataexchange.io

dataexchange.io