FRONTIER DIGITAL VENTURES LIMITED — Capital/Financing Update 2021

Dec 22, 2021

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23 December 2021

FRONTIER DIGITAL VENTURES LTD NOTICE UNDER SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 (CTH)

Frontier Digital Ventures Ltd ( Frontier ) has today issued fully paid ordinary shares in Frontier pursuant to the institutional placement announced on 17 December 2021.

Frontier gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Act ) as notionally modified by ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73 ( ASIC Instrument 2016/73 ) that:

• 1 Frontier has issued 19,577,465 fully paid ordinary shares in Frontier without disclosure to investors under Part 6D.2 of the Act;

• 2 as at the date of this notice, Frontier has complied with:

  • the provisions of Chapter 2M of the Act as they apply to Frontier (accounting requirements); and

  • sections 674 and 674A of the Act (continuous disclosure requirements); and

• 3 as at the date of this notice, there is no excluded information of the type referred to in sections 708A(7) or 708A(8) of the Act that is required to be set out in this notice under section 708A(6)(e) of the Act.

Where applicable, references in this notice to sections of the Act are to those sections as modified by ASIC Instrument 2016/73.

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

Yours sincerely

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Mark Licciardo

Director and Company Secretary

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