FATFISH GROUP LIMITED — Earnings Release 2021

Aug 30, 2021

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

31 August 2021

ASX Announcement

Supplemental Commentary to the 2021 Half Year Financial Results

Fatfish Group Ltd (“ FFG ” or the “ Company ”) is pleased to provide the following highlights to its 2021 half year financial results.

	30 Jun 2020	30 Jun 2021	Var
Revenue	344,916	145,512	(199,404)
EBITDA	(6,063,004)	(7,758,776)	(1,695,772)
Net loss	(6,222,649)	(7,927,429)	(1,704,780)

Commentary

During the six-month period ended 30 June 2021, FFG recorded a slightly larger loss of $7,927,429 compared to $6,222,649 during the same period a year ago. The slightly bigger loss recorded during the six-month period ended 30 June 2021 is mainly due to one-off share-based payment to executives, which was approved by FFG shareholders via an extraordinary general meeting on 23 March 2021.

Excluding this one-off expense, the FFG would have recorded a much smaller loss of $1,284,176.

FFG notes that this payment was one-off and the executives achieved the performance milestones that entitled them to the share-based payment.

During the six-month period ended 30 June 2021, FFG has been aggressively expanding its investment in the fintech sector:

April 2021	Acquisition of 100% of Forever Pay Sdn Bhd, which holds a moneylending license in Malaysia that will pave the way for FFG’s launchingof its retail BNPL service and other digital financing solutions in Malaysia
April 2021	Increased stake in Singaporean based fintech financing platformSmartfunding Pte Ltd to 89.4%
April 2021	Acquisition of 55% stake in Pay Direct Technology Sdn Bhd, a leadingpayment gateway solutions provider based in Malaysia that has beennamed 101 Top Malaysian Information Technology Companies andStartup of 2021 by beststartup.asia

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

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				Fatfish Group Limited(ACN 004 080 460)Level 4, 91 William StreetMelbourne VIC 3000Australia	Fatfish Group Limited(ACN 004 080 460)Level 4, 91 William StreetMelbourne VIC 3000Australia
				www.fatfish.co
M	ay 2021	Founding of iHaraIslamic financing bu	p Sdn Bhd that will besiness in Malaysia	undertaking FFG’s digi	tal
Ju	ne 2021	Acquisition of Austr60% of Circo Pte Lprovides Earned W	alia incorporated BNPLtd, a Singaporean basage Access (EWA) solutio	Next Limited, which owed fintech company thns in Southeast Asia	nsat

Subsequent to the financial period in review, FFG has completed a fundraising of A$8m via the issuance of convertible notes in August 2021. Moving forward, FFG plans to deploy the capital raised to aggressively grow and market its fintech businesses.

This announcement has been authorized by the Board of Directors of FFG.

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About Fatfish Group Limited

Fatfish Group Limited ( ASX: FFG ) is a publicly traded tech venture firm with businesses in the Southeast Asia and internationally. FFG has been building ventures across gaming, esports and fintech.

FFG owns a majority stake in Abelco Investment Group AB (NGM: ABIG), which is traded on the Swedish exchange, Nordic Growth Market.

FFG and Abelco operate from innovation hubs located in Singapore, Kuala Lumpur and Stockholm. For more details, email ir@fatfish.co or visit www.fatfish.co.