FLEXIROAM LIMITED — Capital/Financing Update 2021

Oct 26, 2021

27 OCTOBER 2021

==> picture [165 x 27] intentionally omitted <==

ISSUE OF PLACEMENT SHARES AND CLEANSING STATEMENT

Further to its ASX Announcement of 22 October 2021, Flexiroam Limited (ASX: FRX ) ( Flexiroam or the Company ) advises that it has today issued 37,500,000 fully paid ordinary shares ( New Shares ) at $0.04 per share following completion of the $1.5 million placement.

The placement was within the Company’s existing 15% capacity under ASX Listing Rule 7.1 and the New Shares will rank equally with the existing fully paid shares of the Company.

Notice under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

In relation to the issue of 37,500,000 New Shares without disclosure to investors under Part 6D.2 of the Corporations Act, the Company provides the following notice.

The Company hereby states that as at the date of this notice:

1. it has complied with:

   • (a) the provisions of Chapter 2M of the Corporations Act as they apply to the Company, and

   • (b) section 674 of the Corporations Act; and

2. as at the date of this notice, there is no “excluded information” (as defined in subsections 708A(7) and 708A(8) of the Corporations Act) which is required to be disclosed by the Company.

The relevant Appendix 2A follows this announcement.

-END-

AUTHORISED BY THE BOARD OF DIRECTORS

Corporate Inquiries

Corporate Inquiries Investor Inquiries Marc Barnett, CEO & Executive Director Market Eye Telephone: +61 2 8188 3919 Justin Foord Email: investor@flexiroam.com Telephone: +61 2 8097 1200 Email: justin.foord@marketeye.com.au

ABOUT FLEXIROAM

Founded in 2011 by Jefrey Ong, CIO and Executive Director, Flexiroam Limited (ASX:FRX) started with a mission to push the boundaries of communications. What began as a solution for travellers needing seamless mobile data at competitive rates, has evolved beyond the consumer travel market.

Flexiroam provides connectivity across any device, in any part of the world for any application. The Company is a superconnector for people and machines globally. Flexiroam’s versatile network now spans across 520 network operators in over 200 countries and territories, making it the preferred service for consumers and businesses worldwide.

For further information, please visit https://www.flexiroam.com/

==> picture [341 x 36] intentionally omitted <==