FREELANCER LIMITED — Capital/Financing Update 2021

Mar 29, 2021

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30 March 2021

Freelancer Limited announces the commencement of OTCQX trading

Sydney, 30 March 2021 - Freelancer Limited (ASX: FLN) (OTCQX: FLNCF), the world’s largest freelancing and crowdsourcing marketplace by total number of users and jobs posted, is pleased to announce that its ordinary shares are now trading on the OTCQX Best Market under the ticker symbol of FLNCF. Trading on OTCQX will enhance the visibility and accessibility of the Company to U.S. investors. Freelancer’s ordinary shares will continue to trade on the ASX under the symbol FLN.

The OTCQX Best Market provides value and convenience to U.S. investors, brokers and institutions seeking to trade Freelancer Limited ordinary shares. The OTCQX Best Market is OTC Markets Group's premier market for established, investor-focused U.S. and international companies. To be eligible, companies must meet high financial standards, follow best practice corporate governance, demonstrate compliance with U.S. securities laws, be current in their disclosure, and have a professional third-party sponsor introduction.

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Freelancer is in the process of securing Depository Trust Company ("DTC") eligibility for its ordinary shares. DTC manages electronic clearing and settlement of publicly traded companies across the United States and in 131 other countries. Trading through DTC allows for cost-effective clearing and guaranteed settlement, simplifying and accelerating the settlement process of daily trades. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com/stock/FLNCF/quote.

"We are pleased to reach the milestone of trading on OTCQX, as this will make it easier for our U.S. investors, employees and customers to invest in Freelancer by reducing the requirement of having an Australian share trading account," said Matt Barrie, Chief Executive of Freelancer.

Freelancer also announces that Canaccord is providing market making services to the Company in compliance with the policies and guidelines of the Australian Securities Exchange and other applicable legislation.

Securities Law USA, PLLC acted as the company’s OTCQX sponsor.

Freelancer Limited | ACN 141 959 042 | Registered Office: Level 37, Grosvenor Place, 225 George Street, Sydney NSW 2000, Australia P +61 2 8599 2700 | E investor@freelancer.com | www.freelancer.com

ASX ANNOUNCEMENT | 30 March 2021

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For more information contact:

Neil Katz Chief Financial Officer Freelancer Limited investor@freelancer.com

OTC Markets Group Inc. +1 (212) 896-4428 media@otcmarkets.com

URL www.freelancer.com/investor

Forward-looking statements

This document contains certain "forward-looking statements". The words "anticipate", "believe", "expect", "project", "forecast", "estimate", “outlook”, “upside”, "likely", "intend", "should", "could", "may", "target", "plan" and other similar expressions are intended to identify forward-looking statements. Indications of, and guidance on, future earnings and financial position and performance, including Freelancer’s FY21 outlook, are also forward-looking statements, as are statements regarding Freelancer’s plans and strategies and the development of the market. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Freelancer, which may cause actual results to differ materially from those expressed or implied in such statements. Freelancer cannot give any assurance or guarantee that the assumptions upon which management based its forward-looking statements will prove to be correct or exhaustive beyond the date of its making, or that Freelancer's business and operations will not be affected by other factors not currently foreseeable by management or beyond its control. Such forwardlooking statements only speak as at the date of this announcement and Freelancer assumes no obligation to update such information. The release, publication or distribution of this document in jurisdictions outside Australia may be restricted by law. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

About Freelancer

Twelve-time Webby award-winning Freelancer.com is the world’s largest freelancing and crowdsourcing marketplace by total number of users and projects posted. More than 50 million registered users have posted over 19 million projects and contests to date in over 1,800 areas as diverse as website development, logo design, marketing, copywriting, astrophysics, aerospace engineering and manufacturing. Freelancer owns Escrow.com, the leading provider of secure online payments and online transaction management for consumers and businesses on the Internet with over US$5 billion in transactions secured. Freelancer also owns Freightlancer, a global enterprise freight marketplace. Freelancer Limited is listed on the Australian Securities Exchange under the ticker ASX:FLN and is quoted on OTCQX Best Market under the ticker FLNCF.

About OTC Markets

OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities. Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services. We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com. OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

Freelancer Limited | ACN 141 959 042 | Registered Office: Level 37, Grosvenor Place, 225 George Street, Sydney NSW 2000, Australia P +61 2 8599 2700 | E investor@freelancer.com | www.freelancer.com