HITECH GROUP AUSTRALIA LIMITED — Director's Dealing 2017

May 4, 2017

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ASX RELEASE

5[Th] May 2017

For the first time since listing HIT on the ASX on 17 April 2000, after repeated lobbying and attempts by numerous parties to do so, Raymond Hazouri, Chairman of HIT, agreed to sell down 700,000 shares to an institutional investor, EGP Capital, to increase liquidity in the HIT stock and encourage further institutional and retail investment in HIT.

This measure (of increasing liquidity) is designed to improve the HIT share price which is currently, substantially undervalued, trading at a significantly low P/E multiple that does not reflect the company’s true value, great results and consistently high, profitable, growth that HiTech has experienced in recent years.

“I remain fully committed to HiTech and support the CEO’s strategy of improving profits through organic growth and possible EPS positive acquisitions. Up till now, since listing on the ASX 17 years ago, I only ever bought HIT shares and never sold.

HiTech has a huge potential to grow significantly. We are all committed to improve our revenue and profitability as foreshadowed. ” Chairman Ray Hazouri said.

For further information, please contact CEO Elias Hazouri on 02 9241 1919.

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