IDENTITII LIMITED — Capital/Financing Update 2020

May 13, 2020

ASX ANNOUNCEMENT 14 May 2020

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Entitlement Issue Complete and Re-listing

Highlights:

• $1.9m capital injection

• Extended runway (market will be updated shortly on further cost reductions)

• Re-instatement to ASX today (14 May 2020)

• Sales focus led by new CEO, John Rayment

• Strategic investment interest from several global financial institutions

14 May 2020 - Identitii Limited (Identitii, Company) (ASX:ID8), the award winning FinTech improving the integrity of data as it moves around the global financial system, is pleased to announce the completion of its shareholder entitlement issue and the reinstatement of its shares to ASX today.

A total of 27,259,400 shares have been issued, raising $1.9m in capital from the Shareholder Entitlement Issue, which included $346,425 in shortfall shares issued under the Underwriting Agreement and the conversion of the $150,000 loan received from KTM Ventures on 17 March 2020, which was off set against KTM’s sub-underwriting commitment and converted to fully paid ordinary shares at $0.07, as detailed in the Prospectus.

New CEO, John Rayment said “I have spent the last nine years growing an enormously profitable business for shareholders, by leveraging technology to solve problems for financial institutions across the globe. With the rejuvenation of Identitii’s board and management team, and with the additional capital announced today, I see a similarly successful path for Identitii and its investors as we focus on closing the deals in front of us and continuing with our renewed focus on ongoing sales.

“Identitii solves a growing global problem that the information required to process, reconcile and report financial transactions is often incomplete or missing. The impact of this is rising financial crime, delayed funds getting to end customers and inaccurate regulatory reporting. The pressure from government regulators and both corporate and consumer customers to address this problem is growing even in light of the COVID-19 crisis, and financial institutions are driving increased focus and investment in the space. Identitii has built a fully operational platform to help financial institutions solve this highly complex and costly problem, and I am very optimistic about a future where we help deliver better outcomes for the industry.

“We have also received significant interest in strategic investment from several global financial institutions and technology companies that see considerable value our Company. In order to maximise shareholder value, the Board is taking potential strategic investment opportunities very seriously and we have also reserved the right to place the remaining 27,259,400 Residual Shares from the Entitlement Offer until 24 July 2020.”

Identitii would like to thank all shareholders and investors for their support.

This announcement has been approved and authorised to be given to ASX by the Managing Director and Chairman of Identitii Limited.

For more information, please contact:

Mr. John Rayment Chief Executive Officer & Managing Director E: john@identitii.com P: +61 2 8806 0438

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Identitii Limited

ABN 83 603 107 044 129 Cathedral St, Woolloomooloo, NSW 2011, Australia www.identitii.com info@identitii.com

About Identitii

Identitii Limited is enabling a safe, secure and trusted global financial system by improving the integrity of financial information as it travels within and between organisations. Founded in 2014 and headquartered in Sydney, Australia, Identitii is listed on the Australian Securities Exchange (ASX:ID8).

For more information visit: www.identitii.com

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Identitii Limited

ABN 83 603 107 044 129 Cathedral St, Woolloomooloo, NSW 2011, Australia www.identitii.com info@identitii.com