GRATIFII LIMITED — Capital/Financing Update 2017

Oct 10, 2017

11 OCTOBER 2017

ASX ANNOUNCEMENT

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MOBECOM LIMITED (ASX: MBM) COMPLETION OF CAPITAL RAISING AND ACQUISITION OF CSB ENGAGE PTE LTD

• Successful completion of the acquisition of CSB Engage Pte Ltd

• Resignation of existing board of directors and appointment of new board of directors

• Successful completion of capital raising - The public offer received support from new and existing institutional and retail shareholders

• The funds raised will be used as explained in the Prospectus, including to further develop and commercialise the airBux product and expand the existing business in Australia, Singapore and South Africa

Successful capital raise

Mobecom Limited (ASX: MBM) ( Mobecom or the Company ), formerly Waratah Resources Limited, is pleased to announce that all the offers as set out in the Replacement Prospectus dated 19 July 2017, the Supplementary Prospectus dated 1 August 2017 and the Second Supplementary Prospectus dated 16 August 2017 (collectively the Prospectus ) have now closed.

The Company confirms that it has issued 25,556,000 fully paid ordinary shares at $0.20 to raise $5,111,200 before costs.

Completion of the acquisition of CSB Engage and allotment of shares

Mobecom is also pleased to announce that completion of the share sale agreement dated 18 November 2016 (as varied on 7 June 2017) between the Company, CSB Engage Pte Ltd ( CSB Engage ) and the shareholders of CSB Engage, with respect to the acquisition of 100% of the issued capital in CSB Engage by the Company ( Share Sale Agreement ), has now occurred.

The Company has issued 112,451,788 fully paid ordinary shares to the shareholders of CSB Engage as consideration in accordance with the Share Sale Agreement. Mobecom has also allotted all other securities in respect of the other offers under the Prospectus.

Changes to the Board

Mobecom confirms that, as part of the completion of the Share Sale Agreement (and effective on and from today), each of Neil Joseph, Todd Ruppert, David Fisher and Rod Walker have been appointed, and that each of Sir Warwick Andrew, Mandeep Bhandari and Neil Herbert have resigned, as a director of the Company.

Other matters

The sale transaction and the fundraise follows approval by the Company’s shareholders to acquire 100% of the issued capital in CSB Engage at its Annual General Meeting on 1 May 2017.

The placement was led by PAC Partners Pty Ltd and attracted support from new and existing retail and institutional investors.

About the business of CSB Engage

CSB Engage is a software development company focused on providing a range of proprietary white-labelled reward and customer engagement solutions for its clients in Australia, Singapore and South Africa, in the Retail, Hospitality and Health and Wellness Market Sectors.

Under a Business to Business ( B2B ) model, CSB Engage sells software and mobile application solutions that allow retailers and brands to reward customers for brand advocacy and loyalty. Its customisable products and fully-integrated end-to-end software solutions generate revenue in the form of upfront fees for licensing, setup and implementation plus recurring fees and ad hoc charges.

About airBux

Key to CSB Engage’s future growth strategy, airBux is a cloud-based loyalty platform for small to medium sized retailers. To be commercialised as a software as a service ( SaaS ) offering, airBux provides merchants with a secure platform that allows consumers to, by using the airBux app, find physical stores, search for products and services, transact, view offers and receive geo-location targeted promotions and advertising. Consumers earn ‘airBux’ virtual currency as a reward for transacting with participating merchants, which can then be spent with subscribing merchants anywhere around the globe where airBux has been deployed. airBux Pay will be embedded in existing networks of point-of-sale terminals, to allow users to pay for goods at participating merchants using the app and mobile using ‘near field communication’ technology.

airBux is currently in the later stages of development and testing, with a commercial roll out on track for the 2018 Calendar Year. airBux is intended to be marketed directly to consumers, strategic partners and merchants, who will be incentivised to participate via an equity participation and revenue sharing arrangement. CSB Engage will earn revenue in the form of recurring subscription fees and from providing a range of additional services.

Use of Funds

The funds raised under the Prospectus will, among other things, enable CSB Engage to commercialise airBux, and other products currently under development. The funds will also be used to increase the sales and marketing activity of the business to support its existing products and drive customer and revenue growth in Australia, Singapore and South Africa. A portion of the funds will also be used to strengthen Mobecom’s balance sheet by paying down debt.

Mobecom’s new Chief Executive Officer, Neil Joseph, states:

“Mobecom now has a range of products that access a large and growing market, driven by the continued growth in mobile phone use globally. Increasingly, consumers are using their mobile phones to search for products, complete e-commerce transactions, access social media platforms and perform cashless transactions. This trend continues to drive strong demand from brands, retailers and service providers, for mobile-based applications and solutions that cater to this trend in consumer behaviour and help capture and retain loyal customers.”

“This successful fundraise ensures we are in the position to drive strong customer and revenue growth and increase the sales and marketing activity in support of our existing products. Furthermore, we remain focused on finalising the development of our airBux product ahead of a full commercial rollout planned for 2018 and expect it to be met with strong interest and demand.”

“I would like to thank our new and existing shareholders for their ongoing support, with the success of this raise, which provides strong validation of our product offering and plans for strategic growth.”

End

For further information, contact:

Media Enquiries Elise Hughan Media and Capital Partners M: +61 458 855 500 E: elise.hughan@mcpartners.com.au

Neil Joseph Chief Executive Officer Mobecom Limited M: +61 404 969 153 E: neil.joseph@mobecom.co

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