FINDI LIMITED — Capital/Financing Update 2021

Jan 28, 2021

29 January 2021

ASX ANNOUNCEMENT

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Corporate Update

• Company awaiting ATO feedback on tax treatment of capital return proposals

• Multiple acquisition opportunities currently being evaluated

Vortiv Limited (ASX: VOR) (“Vortiv” or “the Company”) is pleased to update the market on its current activities.

Seeking ATO class ruling on capital return proposals.

As previously announced, the Company seeks to tax effectively return approximately $20 million to shareholders. Accordingly, an Australian Tax Office (ATO) class ruling has been sought, to ensure the most effective return of capital for those shareholders wanting a return.

The Company and its advisors are yet to receive a firm date for provision of the ATO ruling. It is understood that there have been processing delays, most likely caused by the impact of Covid-19, JobKeeper and the Christmas-New Year holidays.

Upon receipt of the ruling and professional advice, the Company will announce a Shareholder Notice of Meeting for the purposes of voting on the Company’s recommended capital return proposal.

Evaluation of acquisition and investment opportunities.

The Company is seeking well-priced, high growth acquisition opportunities which could benefit from public market listing and capital markets access.

To this end, the Company is currently evaluating several potential acquisitions, in sectors including information technology, fintech, medtech, and biotech.

The Company will provide more information as evaluations progress.

TSI India

The Company intends to report on the progress of TSI India after the December quarter results are available and have been validated.

Authorised for release by Howard Digby Executive Chairman E: hdigby@vortiv.com.au

Forward Looking Statements

Certain statements contained in this document constitute forward looking statements. Such forward-looking statements are based on a number of estimates and assumptions made by the Company and its consultants in light of experience, current conditions and expectations of future developments which the Company believes are appropriate in the current circumstances. These estimates and assumptions while considered reasonable by the Company are subject to known and unknown risks, uncertainties and other factors which may cause the actual results, achievements and performance of the Company to be materially different from the future results and achievements expressed or implied by such forward-looking statements. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, “expected”, “projected”, “estimated”, “may”, “scheduled”, “intends”, “anticipates”, “believes”, “potential”, “could”, “nominal”, “conceptual” and similar expressions. Investors are cautioned that forward looking information is no guarantee of future performance and accordingly, investors are cautioned not to place undue reliance on these forward-looking statements.

Units 8-9, 88 Forrest Street, Cottesloe, Western Australia 6011 Australia T +61 8 6444 1798 www.vortiv.com.au ABN 98 057 335 672