FATFISH GROUP LIMITED — Capital/Financing Update 2014

Dec 15, 2014

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 1, 47 Coppin Street Richmond VIC 3121 Australia www.fatfish.co

15 December 2014 ASX Announcement

Fatfish Enters Into Strategic Joint Venture

AutoDirect Corporation Ltd (ADC), a unit of Fatfish Internet Group Limited (ASX:FFG), entered into a Strategic Joint Venture (SJV) with FinTech Asia Group Ltd (FAG), a firm specializing in provision of technology and services to the financial industry.

FAG will acquire from ADC, RajaPremi, an operating online insurance portal in Indonesia which has its domain at http://www.rajapremi.com/, for a consideration of USD7m (AUD 8.4m) via the issuance of 100,000 FAG shares at an issue price of USD70 per share. Prior to this transaction, Chuah Wei Wan was the sole shareholder with 100,000 FAG shares (50,000 FAG shares issued at USD1 per share and 50,000 FAG shares issued at USD139 per share). Upon completion and execution of this SJV, ADC will own 50% of the equity in FAG. ADC will have the right to make appointments to the Board of FAG.

Under the SJV, FAG will be launching RajaKredit.co.id (RajaKredit) which will be a premier online financing platform delivering comprehensive risk analytics and loan matching services for consumer micro loans in Indonesia. Leveraging on RajaKredit, Rajapremi will enhance its scope in the current online comparison and provision of insurance in the automobiles and vehicles market to a platform for a wider range of insurance products in Indonesia.

“The whole insurance and lending markets have experienced significant growth and positive changes following the transition of the new government and its commitment to liberalise and expand the financial markets in Indonesia. We see FAG as a proactive agent of change who will provide a platform to greatly expand the potential of the industry,” commented FFG’s CEO, Mr. Kin Wai Lau.

About FinTech Asia Group Ltd

FAG is a firm engaged in the provision of technology and services to the financial services industry. It owns RajaKredit.co.id, which is an online financing platform that delivers comprehensive risk analytics and loan matching services across most markets and micro loans for consumers in Indonesia.

About Fatfish Internet Group

Fatfish Internet Group Ltd (‘FFG’) is a Southeast Asian and Australian based Internet venture accelerator. FFG partners with entrepreneurs to help them build and grow Internet businesses via a co-entrepreneurship model.

FFG’s co-entrepreneurship model provides a collection of resources and expertise at group level to startup companies. This model provides entrepreneurs with support in important areas such as business strategy, staffing, exit strategy and product development services.

By utilising this pragmatic model FFG becomes a strategic corporate partner that provides the funding, resources and invaluable networks to hasten the growth of promising technology businesses. FFG is actively involved from seed funding stage to exit stage.

Company History

FFG was founded in 2011 in Singapore at the famed “Block 71” startups cluster by a team of co-founders that are serial entrepreneurs. All have successful track records in the Internet industry. FFG has dual headquarters located in Singapore and Melbourne, Australia. FFG also operates 2 regional “launch-pad” offices in Malaysia and Indonesia.

FFG is publicly traded on the Australian Stock Exchange (ASX) with its trading symbol “FFG”. The Company listed in July 2014 and is the first Internet accelerator to be traded on the Exchange.

Glossary

Internet accelerator

An Internet accelerator is a company or facility designed to foster entrepreneurship and help startup Internet companies to grow through the use of shared resources, capital, management expertise, and intellectual capital.

Seed funding

Seed funding is capital required to get a new business started. Seed funding is usually done via investments in return for small stakes in promising companies.

Exit strategy

An exit strategy is method by which a venture capitalist intends to get out of an investment that he or she has made in the past. In other words, the exit strategy is a way of "cashing out" an investment or generating capital gains for shareholders.

Co-entrepreneurship

A co-entrepreneur is able to support entrepreneurs at every phase of their company's growth by being actively involved and providing multi-sector expertise.

For further question on this release, please contact:

Mr Kin-Wai Lau	Ms Daphne Teoh
Managing Director	Market and Communication
Fatfish Internet Group	Executive
lau@fatfish.co	Fatfish Internet Group
Singapore +65 93203588	daphne@fatfish.co
Australia +61 2 80051688	Malaysia +60 16 3141898

Media

Matthew Wright Monsoon Communications mattheww@monsoon.com.au +61 3 9620 3333