HUBIFY LIMITED — Capital/Financing Update 2017

Jan 11, 2017

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ASX Announcement

12 January 2017

UNITED NETWORKS LISTS ON ASX THURSDAY 12 JANUARY 2017

1. Highlights

• ü United listed on ASX at 11am 12[th] January 2017;

• ü Successful IPO raised $7.13 million;

• ü Strong support from existing pre-IPO shareholders;

• ü Strong pipeline of new white label partners;

• ü Roll out of new Wi-Fi product commenced.

2. ASX Listing

The Directors of Australian telecommunications company, United Networks Limited (“United”), are pleased to announce that the Australian Securities Limited (“ASX”) has approved the company being admitted to the Official List.

United listed at 11am on Thursday 12 January 2017. United’s ASX Code is UNL.

3. Background

United is an international Mobile Virtual Network Enabler (“MVNE”) providing telecommunications, data and value added services. With operations in Australia, Canada, New Zealand and Malaysia, United provides services in more than 190 countries.

United is a B2B business. It derives the majority of revenue from “white labelling” its global roaming and data products for large B2C businesses such as insurers, airlines, banks and travel agents. Amongst, United has over 20 current corporate clients:

In providing global roaming as an add-on service to their own customers, United’s corporate customers are able to develop other revenue opportunities, assisted by the location based service, made possible from the underlying United network.

United Networks Limited

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ABN: 60 607 921 246

T 1300 986 483 or 02 9003 9510 E info@unitednetworks.net.au Level 2, 100 William St, Woolloomooloo, NSW 2011, Australia

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United’s growth strategy incorporates:

• Growth in existing products and channels under its white label program;

• Monetisation of analytical data;

• Location based services;

• Using its network and CRM platform to offer global partners local solutions for end users; and

• New products such as Wi-Fi and SIM-less technology.

4. Initial Public Offering

United’s Initial Public Offering (“IPO”) raised $7.135 million. The Directors were pleased with the level of support from the existing pre-IPO shareholders for the offering. The IPO also saw a number of institutional investors and family offices join the share register.

The Directors believe that with the proceeds in hand, the company is well placed to create value for all United shareholders. Over the next 12 months United’s intention is to:

• ü Become a white label provider of SIMs in the local Australian telecommunications market;

• ü Establish an on-ground presence in the Asia and North America;

• ü Expand the corporate customer reach globally;

• ü Establish new relationships with a number of global industry participants in the following sectors

• Insurance;

• Airlines;

• Travel portals;

• Banking and finance.

4.1 Local SIM

The impetus for United to provide a competitive, white labelled local SIM product has come from its corporate customers. According to Tourism Australia, for the year ending 30 September 2016, there were 8.1 million international arrivals in Australia.

Funding from the IPO will enable United to contract with a local SIM provider. Discussions have been occurring over the last 6 months. United hopes to announce commercial terms with one of the three major Australian telecommunications companies shortly.

By providing its B2B clients’ customers with a local competitively priced telecommunications product, United believes that it will allow international visitors to be “treated like a local”.

United Networks Pty Ltd

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T 1300 986 483 E info@unitednetworks.net.au

ABN 35 139 363 830

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4.2 International Expansion

United has received interest in expanding its white labelled products and services beyond its current territories of operation. With enhanced financial resources from the IPO, United will be implementing its growth plans.

United intends to expand its offices in Asia and North America.

In addition, United intends to expand its operations by adding further Business Development Managers (“BDMs”) in its existing locations.

4.3 Customer Pipeline

As at the date of the IPO Prospectus United had a customer pipeline of approximately 10 potential clients in the following sectors:

• Banks;

• Financial services;

• Airlines;

• Travel.

Several trials are currently under way with some partners in these sectors for both the Global SIM and the Wi-Fi solutions.

4.4 Wi-Fi

In January 2017, United launched its white labelled Wi-Fi app for Android with the IOS version to be launched in February 2017. By accessing various Wi-Fi networks United can connect users to unlimited data at over 57 million hotspots in 120 countries. United’s Wi-Fi solution was awarded The Ancillary Revenue and Merchandising Innovation of the Year Award at the November 2016 Mega Awards in Toronto.

UNL expects to roll out the new release of the Wi-Fi APP with current and new partners in 2017.

United Networks Pty Ltd

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T 1300 986 483 E info@unitednetworks.net.au

ABN 35 139 363 830

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FOR FURTHER MR NICHOLAS GHATTAS, Managing Director, UNITED NETWORKS, INFORMATION: nghattas@unitednetworks.net.au OR

MR ANTHONY GHATTAS, Chairman, UNITED NETWORKS, aghattas@unitednetworks.net.au

ABOUT UNITED NETWORKS LIMITED (United)

Established in 2009, United Networks is an Australian-owned telecommunications provider which is network independent, enabling it to tailor unique, scalable and cost-effective solutions. United offers traditional and digital telephony solutions, mobile, fixed data, call centre set-up, consultancy and account management services, as well as white-label opportunities. United’s national and international clients are from a diverse range of industries, such as agriculture, insurance, retail, airline, and building construction.

United Networks Pty Ltd

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T 1300 986 483 E info@unitednetworks.net.au

ABN 35 139 363 830