FATFISH GROUP LIMITED — Capital/Financing Update 2017

Dec 3, 2017

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia

www.fatfish.co

4 December 2017 ASX and Media Announcement

SUCCESSFUL COMPLETION OF A$5.4 MILLION PRIVATE PLACEMENT

Highlights:

• Oversubscribed A$5,400,000 private placement (“ Placement ”) to professional and sophisticated investors.

• The Placement will be issued in two tranches, with A$4,400,000 to be settled immediately and A$1,000,000 subject to shareholder approval, expected January 2018.

• The new funding will be used to invest into Kryptos-X project announcd earlier, as well as for working capital and accelerate growth in other emerging opportunities.

Fatfish Internet Group Limited (ASX Code: FFG) (“ the Company ”), an international internet venture development firm, is pleased to announce that it has successfully completed a Placement of 108,000,000 ordinary shares issued to a number of professional and sophisticated investors at an issue price of A$0.05 per share, resulting in a total sum of A$5,400,000 being raised, before costs.

The Placement will be completed in two tranches with Tranche 1 consisting of 88,000,000 new ordinary shares to be issued immediately under the Company’s placement capacity in accordance with ASX Listing Rules 7.1 (52,751,059) and 7.1a (35,248,941), whileTranche 2 consisting of 20,000,000 new ordinary shares will be issued subject to shareholder approval at an

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia www.fatfish.co

extraordinary general meeting which is expected to be convened by the Company in January 2018.

A portion of the funds raised will be invested into the Kryptos-X cryptocurrency exchange project announced earlier. The Company’s Swedish subsidiary Fatfish Global Ventures AB (publ) is also expected to contribute a part of the investment into the Kryptos-X project.

The remaining of the funds raised will ensure that the Company’s current working capital requirements are met for the near future and will accelerate potential growth to build shareholder value in other emerging opportunities in the technology areas that the Company is working on.

Foster Stockbroking Pty Ltd acted as Sole Lead Manager to the Placement.

About Fatfish Internet Group

Fatfish Internet Group Ltd (‘FFG’) is an international internet venture investment and development firm with presence across Southeast Asia, Australia and Europe. FFG partners with entrepreneurs to help them build and grow internet businesses via a co-entrepreneurship model.

FFG’s co-entrepreneurship model seeks an active involvement from its investee companies, from seed funding through to exit. In parallel, FFG seeks to provide a collection of resources and expertise to support entrepreneurs in important areas such as business strategy, market access, talent recruitment, product development and corporate strategy.

FFG also offers corporate advisory services specializing in working with tech

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Fatfish Internet Group Ltd (ACN 004 080 460) Level 4, 91 William Street Melbourne VIC 3000 Australia www.fatfish.co

companies to bring to bear alternative funding and growth models for tech companies through Initial Public Offerings (IPOs) or capital market transactions via trade sales or Mergers & Acquisitions (M&A).

For further question on this release, please contact Investor Relations Team ir@fatfish.co or visit www.fatfish.co

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