FRONTIER DIGITAL VENTURES LIMITED — Capital/Financing Update 2020

Oct 14, 2020

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ASX Code: FDV 15 October 2020

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES

FDV COMPLETES DESPATCH OF RETAIL OFFER BOOKLET

Frontier Digital Ventures Ltd (‘ FDV ’) confirms that the retail entitlement offer booklet (‘ Retail Offer Booklet ’) and personalised entitlement and acceptance forms regarding the retail component of the 1 for 9 accelerated non-renounceable entitlement offer (‘ Entitlement Offer ’) of new shares in FDV (‘ New Shares ’), which was announced on Thursday, 8 October 2020, were despatched to eligible retail shareholders today.

Retail Entitlement Offer

The retail component of the Entitlement Offer (‘ Retail Entitlement Offer ’) opened today, Thursday, 15 October 2020 and is expected to close at 5.00pm (Melbourne time) on Thursday, 29 October 2020.

Eligible retail shareholders should carefully read the Retail Offer Booklet for further details about the Retail Entitlement Offer.

Eligible retail shareholders can access their personalised entitlement and acceptance form by logging onto www.investorcentre.com/au through ‘Single holding’, then entering their SRN/HIN and postcode, or username and password, and then selecting ‘Documents’ and clicking to view the form titled ‘Entitlement Acceptances’, dated 15 October 2020.

You should seek appropriate professional advice before making any investment decision. If you have any questions about the Retail Entitlement Offer, please contact the FDV Offer Information Line on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) between 8.30am and 5.00pm (Melbourne time) on Monday to Friday, before the Retail Entitlement Offer closes at 5.00pm (Melbourne time) on Thursday, 29 October 2020.

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The release of this announcement was authorised by the Board of Directors of Frontier Digital Ventures Ltd.

For more information, please contact:

Company Investors Shaun Di Gregorio Timothy Toner Founder and CEO Vesparum Capital Phone: +60 17 207 6221 Phone: +61 3 8582 4800 Email: shaundig@frontierdv.com Email: frontierdv@vesparum.com

Frontier Digital Ventures Ltd 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia 1 Tel: +60 3 2201 0790 www.frontierdv.com

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About FDV Limited

FDV is a leading operator of online classifieds businesses in underdeveloped, emerging countries or regions. With a track record of building and supporting market leading online businesses, FDV’s management are experts in the online classifieds space with a particular focus on property and automotive verticals and general classifieds websites. FDV’s portfolio currently consists of 15 market leading companies, operating businesses across 20 markets. With the extensive support offered to the local operating companies, coupled with their own energy and work ethic, the FDV management team are bringing outstanding companies to their full potential.

Important Notice and Disclaimer

This announcement does not constitute an offer to sell, or a solicitation of an offer to buy, securities in the United States or any other jurisdiction in which such an offer or solicitation would be illegal. Neither the Entitlements nor the New Shares have been, or will be, registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state or other jurisdiction of the United States. Accordingly, the New Shares may not be offered or sold, directly or indirectly, to persons in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and any other applicable securities law of any state or other jurisdiction of the United States.

This announcement may not be released or distributed in the United States.

Nothing contained in this announcement shall form the basis of any contract or commitment, or constitute investment, legal, tax or other advice. You should make your own assessment and take independent professional advice in relation to the information and any action taken on the basis of the information.

Frontier Digital Ventures Ltd 39-8 The Boulevard, Mid Valley City, Lingkaran Syed Putra 59200 Kuala Lumpur, Malaysia 2 Tel: +60 3 2201 0790 www.frontierdv.com