DXN LIMITED — Capital/Financing Update 2020

Mar 2, 2020

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3 March 2020

ASX Announcement

DXN Modules signs Teletok for three modular cable landing stations

Highlights:

• DXN has signed a contract with Telecommunication Tokelau Corporation for A$714,000

• The contract is for the design, build and installation of three prefabricated modular terrestrial cable landing stations in Tokelau

• This critical infrastructure will enable the delivery of high-speed broadband services to the people of Tokelau

• This agreement marks the tenth Pacific Islands cable landing station to be constructed by the company in the past six months

Pre-fabricated modular data centre specialist, DXN Limited (ASX:DXN), is pleased to announce it has entered into an A$714,000 agreement with Telecommunication Tokelau Corporation (Teletok) for the design, build and installation of three prefabricated modular terrestrial cable landing stations in the island nation of Tokelau, for the islands of Fakaofo, Nukunonu and Atafu.

Matthew Madden, CEO, DXN Limited said “We are delighted to have been selected by Teletok for the design, build and deployment of these modular landing stations. These are critical facilities that will allow Teletok’s infrastructure network to deliver high speed broadband to the people of Tokelau.

We are also building Southern Cross Cables NEXT international cable landing station on Nukunonu and we are aiming for the installation in country to commence at the same time.”

This contract brings the total number of cable landing stations being built by the company in the Pacific Islands in the past six months, to ten.

Tealofi Enosa, CEO of Telecommunication Tokelau Corporation said, “Teletok is pleased to be working with DXN Limited on this critically important national project of building a new submarine cable system linking the three atolls of Tokelau to the outside world. Over the past year DXN has demonstrated a winning formula and growing reputation in deploying modular cable landing stations and prefabricated data centres in a number of locations across the Pacific Islands.”

The project is being delivered in collaboration with the Telecommunication Tokelau Corporation and Southern Cross Cables. The Tokelau Submarine Cable Project is co-funded by the New Zealand Ministry of Foreign Affairs & Trade and the Government of Tokelau. This project is part of New Zealand’s wider aid support to provide all Realm countries with improved connectivity.

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

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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 Telecommunication Tokelau Corporation

Telecommunication Tokelau Corporation (Teletok), is the local and only telecommunication company of Tokelau. Teletok is a member of the Pacific Islands Telecommunications Association (PITA) and is also involved with other international organizations on internet developments. This government-owned corporation provides fixed and wireless services to the three atolls of Tokelau; Atafu, Nukunonu, and Fakaofo.

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

ASX Release authorised by the Disclosure Committee

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