INFOCUS GROUP HOLDINGS LIMITED — Capital/Financing Update 2021

Jul 13, 2021

PLACEMENT TO SOPHISTICATED AND PROFESSIONAL INVESTORS

Frugl Group Limited (ASX: FGL )( Frugl or the Company ) is pleased to announce it has received firm commitments to raise $825,000 through a placement to sophisticated and professional investors), pursuant to section 708 of the Corporations Act 2001 (Cth) ( Placement ).

Frugl will issue a total of 16,500,000 fully paid ordinary shares ( Shares ) at $0.05 per share, with 1-for-1 free attaching options exercisable at $0.10 within 3 years from the date of issue ( Options ). The issue price represents a 1.2% discount to the 15-day VWAP up to and including Friday 9 July 2021. Proceeds from the Placement will be used for marketing and the ongoing work for the commercialisation of the Company’s Frugl app and data analytics products.

The 16,500,000 Shares and 16,500,000 Options will be issued under the Company’s current placement capacity pursuant to ASX Listing Rule 7.1 (500,000 Shares and 16,500,000 options) and 7.1A (16,000,000 Shares) to raise $825,000 before costs.

The Options will be a new class of security, and the Company will apply for quotation as a listed class of options as soon as practicable following issue.

The Company has appointed CPS Capital Limited ( CPS ) as the Lead Manager of the placement. CPS will be paid a standard 6% fee for monies raised under the placement.

This announcement has been authorised by the Board of Frugl Group Limited.

For, and on behalf of, the Board of the Company Jon Wild Chairman

Frugl Group Limited

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