INFOTRUST LTD — Capital/Financing Update 2020

Jul 19, 2020

ASX Announcement

20 July 2020

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Spirit expands network for Victorian Government with launch of high-speed Internet to Gippsland & looks to New Growth Opportunities in Regional Areas

• Spirit’s fixed-wireless alternative, Sky-Speed Internet network goes live to regional Gippsland, providing direct coverage to Latrobe Valley businesses and the Morwell community

• Spirit delivers on the second Victorian State Government project to provide regional communities with high-speed internet and IT solutions – on budget, and on time

• Spirit Signs MOU to Partner with Opticomm (ASX:OPC) on the NSW Govt $100M GIG state tender

Spirit Telecom (ASX:ST1) (Spirit) is pleased to announce that its Sky-Speed Internet service has gone live in the regional town of Morwell, delivering on the $1.1 million project signed with the Victorian State Government in 2019. The leading fixed-wireless alternative, delivers super-fast internet with speeds of up to 1,000 Mbps, built using Spirit’s own IP and engineering experience.

This is a landmark development for the LaTrobe Valley and Morwell areas, and bridges the digital divide between the region and Melbourne. Businesses will now enjoy speeds comparable to those in the major cities, enabling them to compete on a national and global stage.

Spirit’s Managing Director, Sol Lukatsky said, “This project exemplifies our commitment to delivering high-speed internet to all Australians. We are proud to be able to offer industryleading services to support regional communities, businesses, and industries. We want to see these businesses reach their potential, without limitations of geography, and we are proud to be involved in making that happen.”

“Additionally, we recently signed a Memorandum of Understanding to work with Opticomm (ASX:OPC) on the NSW GIG State tender opportunity using Spirit’s IP and skills with Fixed Wireless Technology.”

Spirit’s network uses multiple towers to beam internet through the region at high speeds. It provides direct internet coverage to the Gippsland Hi-Tech Precinct and Innovation Centre, the Gippsland Logistics Precinct, Morwell CBD, the emerging Food and Manufacturing Precinct, as well as the Aerospace Precinct at Latrobe Regional Airport in Traralgon.

The network will service a 10km radius from each tower through Morwell and may be capable of providing services to the surrounding area and businesses in locations, such as Traralgon and Moe, in the future. This project is the second of its kind awarded to and completed by Spirit in conjunction with the Victorian State Government, after a similar network was deployed in Horsham last year valued at $1.7 million. It was completed on time and on budget.

With regard to the importance of the High Speed network designed by Spirit for the community across Gippsland, the Victorian Ministers said:

Victorian Minister for Regional Development Jaclyn Symes said:

“Gigabit broadband will bring more jobs and opportunities to the Valley, and I encourage local businesses to take advantage of the world-class speeds available on this new network.

“It’s all part of the Labor Government’s commitment to supporting economic growth, to creating new jobs and attracting the industries of the future to this region.”

Victorian Minister for Innovation, Medical Research and the Digital Economy Jaala Pulford said:

“It’s never been more important to have high-quality, reliable digital infrastructure and services, and that’s why we’re getting on with making the Latrobe Valley better connected.”

Spirit continues to work with the Victorian State Government to explore future opportunities to continue its growth into regional towns.

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This announcement is authorised for release to the market by the Board of Directors

of Spirit Telecom Limited. For all media enquiries regarding this announcement please

contact:

Sol Lukatsky Managing Director 03 8554 1320 or soll@spirit.com.au

Business Address: Level 2, 19-25 Raglan Street, South Melbourne VIC 3205