EXPERIENCE CO LIMITED — Director's Dealing 2016

Jun 8, 2016

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9[th] June 2016

Ms Kimberley Brown Principal Adviser, Listings Compliance (Sydney) ASX 20 Bridget Street SYDNEY NSW 2000

By email: Kimberley.brown@asx.com.au

Dear Kimberley,

Appendix 3Y – Change of Director’s Interest Notice

I refer to your letter dated 9[th] June 2016 in relation to the above matter and respond as follows:

1. This particular Appendix was lodged late due to an Administrative oversight by the company

2. The company has re-visited and improved its procedure on how to ensure that all disclosure obligations under listing rule 3.19A are met

3. The company will ensure future compliance with listing rule 3.19B

Please contact me if you have any further queries.

Yours faithfully,

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Anthony Ritter Company Secretary

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9 June 2016

Anthony Ritter Joint Company Secretary Skydive the Beach Group Limited Level 1, 51 Montague Street Wollongong NSW 2500

By email: a.ritter@skydive.com.au

Dear Anthony

SKYDIVE THE BEACH GROUP LIMITED (COMPANY): Appendix 3Y – Change of Director’s Interest Notice

We refer to the following;

1. The Appendix 3Y lodged by the Company with ASX on 7 June 2016 for Mr Anthony Boucaut (the “Director Notice”);

2. Listing rule 3.19A which requires an entity to tell ASX the following:

   • 3.19A.2 A change to a notifiable interest of a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) including whether the change occurred during a closed period where prior written clearance was required and, if so, whether prior written clearance was provided. The entity must complete Appendix 3Y and give it to ASX no more than 5 business days after the change occurs

3. Listing rule 3.19B which states as follows.

An entity must make such arrangements as are necessary with a director of the entity (or in the case of a trust, a director of the responsible entity of the trust) to ensure that the director discloses to the entity all the information required by the entity to give ASX completed Appendices 3X, 3Y and 3Z within the time period allowed by listing rule 3.19.A. The entity must enforce the arrangements with the director.

The Appendix 3Y indicates that a change in the Director’s notifiable interest occurred between 11 and 30 March 2016. It appears that the Director’s Notice should have been lodged with ASX between 18 March and 6 April 2016. Consequently, the Company may be in breach of listing rules 3.19A and/or 3.19B. It also appears the director concerned may have breached section 205G of the Corporations Act.

www.asx.com.au (02) 92270 133 Customer service 13 12 79 Kimberley.brown@asx.com.au

20 Bridge Street Sydney NSW 2000

ASX Compliance Pty Limited ABN 26 087 780 489

Please note that ASX is required to record details of breaches of the listing rules by listed entities for its reporting requirements.

ASX reminds the Company of its contract with ASX to comply with the listing rules. In the circumstances ASX considers that it is appropriate that the Company make necessary arrangements to ensure there is not a reoccurrence of a breach of the listing rules.

Having regard to listing rules 3.19A and 3.19B and Guidance Note 22: Director Disclosure of Interests and Transactions in Securities - Obligations of Listed Entities , under listing rule 18.7 we ask that you answer each of the following questions.

1. Please explain why the Appendix were lodged late.

2. What arrangements does the Company have in place under listing rule 3.19B with its directors to ensure that it is able to meet its disclosure obligations under listing rule 3.19A?

• 3 If the current arrangements are inadequate or not being enforced, what additional steps does the Company intend to take to ensure compliance with listing rule 3.19B?

Your response should be sent to me by e-mail or by facsimile on facsimile number (02) 9241 7620. It should not be sent to the ASX Market Announcements Office.

A response is requested as soon as possible and, in any event, not later than half an hour before the start of trading (ie before 9.30 a.m. A.E.S.T.) on Tuesday, 14 June 2016.

Under listing rule 18.7A, a copy of this letter and your response will be released to the market, so your response should be in a form suitable for release and must separately address each of the questions asked.

If you have any queries or concerns about any of the above, please contact me immediately.

Yours sincerely

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Kimberley Brown Principal Adviser, Listings Compliance (Sydney)

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