IODM LIMITED — Capital/Financing Update 2017

Aug 7, 2017

8 August 2017

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PARTIALLY UNDERWRITTEN NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE UP TO $1.0 MILLION

IODM Limited (ASX Code: IOD) ( Company ) is pleased to announce a non-renounceable pro rata issue of 3 fully paid ordinary shares ( Share ) for each 8 Shares held at an issue price of $ 0.008 per New Share to raise up to approximately $ 1,000,000 ( Rights Offer ). The Rights Offer will be available to IODM Shareholders registered at 5.00pm WST on 25 August 2017.

It is anticipated that the Rights Offer will be partially underwritten to the amount of $ 700,000 by Melbourne based Domain Capital Pty Ltd ( Domain ).

The funds raised by the Rights Offer will be used primarily for:

• Potential strategic acquisitions; and

• General working capital

All the new Shares will rank equally with existing Shares on issue and the Company will apply for official quotation of the New Shares. An offer document in relation to the Rights Offer will be lodged with ASX shortly. Option holders are not entitled to participate in the Rights Offer without first exercising their options to be registered as a Shareholder in Australia, in accordance with the terms and conditions of the options.

INDICATIVE TIMETABLE

The following are indicative dates in respect of the Rights Offer:

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----- Start of picture text ----- Announcement of Rights Offer 8 August 2017Lodgement of Offer Document and Appendix 3B with ASX 22 August 2017Notice of Rights Offer sent to Shareholders 23 August 2017Notice of Rights Offer sent to Option Holders 23 August 2017Ex Date 24 August 2017Record Date (to identify Shareholders entitled to participate in 25 August 2017Rights Offer)Offer Document and Entitlement and Acceptance Forms sent to 28 August 2017Eligible ShareholdersLast day to extend the Closing Date 5 September 2017Rights Offer Closes (Closing Date) 8 September 2017New Shares quoted on a deferred settlement basis 11 September 2017Notice to ASX shortfall 13 September 2017New Shares issued 15 September 2017Normal trading of New Shares on ASX commences 18 September 2017----- End of picture text -----

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• The above timetable is indicative only and subject to change. Subject to the ASX Listing Rules, the directors of the Company reserve the right to vary these dates, including the Closing Date, without notice. The directors may extend the period of the Entitlement Offer or bring forward the Closing Date at their discretion.

Further Information

investor@iodm.com.au

Telephone: 03 8396 5890

About IODM

IODM is a debtor management platform that automates the cash collection cycle, driving major process efficiencies, improved cash flow, and less risk. IODM has a host of features including invoice grouping, query account, pay now, credit checks, dashboards and analytics – all on the one platform. Flexible and scalable, IODM easily integrates with virtually any accounting system. Headquartered in Melbourne, IODM partners include PWC, NAB and Scottish Pacific. Clients include BDO and Wilson Security.