FIRSTWAVE CLOUD TECHNOLOGY LIMITED — Capital/Financing Update 2020

Apr 6, 2020

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7 April 2020: ASX Release

FirstWave launches Remote Worker Cyber Security offer during COVID-19 disruption

Highlights:

• Instances of cyber attacks escalate as staff work remotely during worldwide COVID19 lockdown

• FirstWave launches new Remote Worker Cyber Security product offering on its proprietary Cloud Content Security Platform (CCSP) to protect end-users when connecting to email and other business applications from home or remote locations

• The product offering includes Cisco’s email and web security solutions and Trend Micro’s endpoint security protection

• Tier 1 partners NTT Data, SHELT, and Digital Wholesale Solutions are now offering this to end-customers with first orders already received

Leading Australian headquartered global cyber security company, FirstWave Cloud Technology Limited (ASX: FCT) ( FirstWave ), launches new Remote Worker Cyber Security products on its proprietary Cloud Content Security Platform (CCSP) for partners globally to help protect their end-customers from the huge rise in cyber attacks targeting the remote worker during the COVID-19 disruption.

Working remotely opens up a variety of potential cyber security vulnerabilities when business users visit websites or access business information and applications through less secure home wireless and public networks. Cyber attackers are increasingly targeting vulnerable users with phishing attacks and malware via - Covid19-themed emails, apps, websites and social media posts. (https://www.arnnet.com.au/article/672055/6 ways-attackers-exploiting-covid-19-crisis/?utm_campaign=arn-daily-2020-03-30&utm_source=arndaily&utm_medium=newsletter&eid=-100) [Source: ARN]. The number of cyber attacks on email and endpoint devices has grown six-fold in March 2020.

To support its partners and their end-customers through this challenging period, FirstWave is offering existing customers a 90-day free premium upgrade on its enterprise-grade business essentials email security, and to new customers, a 90-day free period on its web and endpoint security solutions. The offering has already attracted significant interest.

FirstWave’s CCSP provides email and web security solutions that leverage Cisco’s market leading technologies to provide real time protection whilst accessing emails and browsing the Internet over public networks. CCSP’s endpoint security solution leverages market leading technology from Trend Micro to protect the end-user’s desktop, laptop, tablet device and smartphones from getting compromised by malware, ransomware and other forms of cyber attacks.

FirstWave’s Tier 1 global partners NTT Data, SHELT, and Digital Wholesale Solutions (DWS) have moved immediately to take these offers to their UK, Europe and Middle East customers with first orders already received. FirstWave has line of sight to 10,000 seats in the next 3-6 months.

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FirstWave Cloud Technology Ltd ABN: 35 144 733 595 (ASX: FCT) A Level 10, 132 Arthur St North Sydney, NSW, 2060, Australia. P +61 02 9409 7000 W Firstwavecloud.com

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FirstWave COO, Neil Pollock added, “This current COVID-19 crisis has increased the risk of cyber crime which accompanies the rapidly expanding new world of remote working. Our unique CCSP technology put us in a position to launch this offer in ten days and as such we are proud to be able to help our partners and their atrisk end-customers through this challenging period. We have transformed our standard offerings so they can be deployed rapidly anywhere in the world, provide enterprise-grade security to any size business from SOHOs to enterprise and Government, and protect the most risky cyber activities - accessing company networks via remote unprotected devices.”

The offer is available to all partners globally for all orders made before July 1, 2020. For more information, visit www.firstwavecloud.com

– ENDS –

For media and investor inquiries, please contact: Damian Fielke Corporate Marketing | FirstWave +61 412 105 891

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Follow FCT on its Twitter investor relations feed: https://twitter.com/Firstwave_FCT

About FirstWave Cloud Technology Limited (FirstWave)

Leading Australian headquartered global cyber security technology company, FirstWave, has delivered Security as a Service (SaaS) solutions since 2004. FirstWave provides safety through the most accessible and adaptive cloud-based cyber security solutions that are affordable, easy and fast to implement enabling SaaS. Its unique proprietary cloud-platform orchestration is available for service providers and enterprises of any size, anywhere. In an increasingly vulnerable digital world, FirstWave believes that safe business is good business and that all companies should have access to enterprise-quality cyber security. FirstWave’s infrastructure, management and security processes are certified to ISO 27001 Information Security Management System Standard and ISO 9001 Quality Management System Standard.

www.firstwavecloud.com

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FirstWave Cloud Technology Ltd ABN: 35 144 733 595 (ASX: FCT) A Level 10, 132 Arthur St North Sydney, NSW, 2060, Australia. P +61 02 9409 7000 W Firstwavecloud.com