FOS CAPITAL LTD — Capital/Financing Update 2022

Jul 4, 2022

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ASX Release COMPANY UPDATE

5 July 2022

FOS Capital Ltd (ASX:FOS) is pleased to provide the following operational update.

FY22 HIGHLIGHTS

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----- Start of picture text ----- $13.6M $4.1M $6.2M $56MFY Sales + 67% Q4 sales + 62% Order Book +62% Quote pipeline----- End of picture text -----

SNAPSHOT

[FOS has completed a record breaking fourth quarter with orders and sales continuing ] their upward momentum. We achieved our highest sales month in June $1.9M and highest orders month in April $2M. Full year sales of $13.6M fell short of the projected $15M but are up 67% on pcp and our order book sits at a high of $6.2M. We have successfully managed supply chain and cost increase issues to the point where they have not had a material impact on our business. Brand management has resulted in a reduction of product ranges from 16 to 14 and operational efficiencies has reduced staff from a high of 59 to 50.

Q4 MAJOR PROJECTS

• Next DC – QLD • Metro Tunnel - VIC

• Sydney Modern Art – NSW • Queens Wharf – QLD

• • St Mary’s Drive - NSW • University of Waikato – NZ • Woomera Eldo - SA • NGV - VIC

OUTLOOK

[With a record active quote pipeline of $56M and a solid commercial construction ] market the foundations have been laid for an even stronger year ahead where we are targeting FY23 sales of +$16M as we continue pursuing further acquisition opportunities.

INVESTOR BRIEFING

FOS Capital will conduct an interactive online investor briefing after the release of the full year report expected towards the end of August 2022.

This Announcement has been authorised for release to ASX by the board of FOS Capital Ltd.

Con Scrinis Managing Director con@foslighting.com.au

FOS MANUFACTURES & DISTRIBUTES COMMERCIAL, INDUSTRIAL & ARCHITECTUAL LED LIGHTING

FOS Capital Ltd ABN:76 637 156 275 Unit 3B 41 Rose Street Richmond Vic 3121 PH:1300 241 087 info@foscapital.com.au