IPH LIMITED

ABN 49 169 015 838 Appendix 4E – Preliminary Final Report Full year ended 30 June 2016 (“FY16”)

Reporting periods

Current reporting period: Previous corresponding period:

Financial year ended 30 June 2016 Financial year ended 30 June 2015

Results for announcement to the market		Change		FY16	FY15
				$'000	$'000
Revenue from ordinary activities	Up	57.9%	to	140,040	88,716
Profit from ordinary activities after tax
attributable to members	Up	27.0%	to	38,843	30,589
Profit for the period attributable to
members	Up	27.0%	to	38,843	30,589

Operating Performance

During the financial year the Group has benefitted from the full year contribution of the Fisher Adams Kelly business acquired in the prior year and the acquisition of the PIzzeys and Callinans businesses in Australia, as well as the appreciation of the USD.

The Australian IP services businesses delivered a significant growth in the number of applications filed through a combination of organic growth and acquisitions. In Asia, IPH continued to increase patent filings through organic growth and the opening of new offices. In 1HY16 the America Invents Act stimulated growth in overall patent filings in Australia and Asia.

The result includes for the first time the cost of amortising identified intangible assets associated with acquired businesses. This cost was $3.5M after tax.

Underlying net profit after tax increased by 50.3% to $46.9M.

The FY16 underlying earnings of the Group have been determined by adding back to statutory earnings amounts eliminating the effect of business acquisition adjustments, business acquisition costs, new business establishment costs, restructuring expenses and non‐cash share based payments expenses and in the previous corresponding period to also eliminate the effects of the IPO and restructuring of the Group. The Directors believe these adjustments show the operational results of the Group on the basis of how it has been constituted since the restructuring in late 2014.

For more details please refer to the attached Financial Statements.

Dividends		Amount	Franked
		per Share	amountper Share
*Current period*
Final dividend		10.0c	5.0c
Interim dividend		11.0c	8.8c
*Previous period*
Final dividend		10.0c	5.0c
Interim dividend		3.5c	2.5c
Record date: Wednesday 24 August 2016
Payment date: Wednesday September 14 2016
Ex‐dividend date: Tuesday	23 August 2016

Net tangible assets	FY16	FY15
Net tangible asset backing per share	$0.15	$0.00

Control gained over entities

On 30 September 2015, the Group acquired 100% of the ordinary shares of Pizzeys Patent & Trade Mark Attorneys Pty Ltd “Pizzeys” for a total consideration of $96,245,000. 6,776,263 shares in IPH were issued as part of the consideration. Pizzeys contributed $15.0M of revenues and $5.1M of profit after tax to the Group.

On 2 November 2015, the Group acquired 100% of the assets of Callinans Patent and Trade Mark Attorneys “Callinans” for a total consideration of $9,496,000. 393,392 shares in IPH were issued as part of the consideration.

On 30 June 2016, the Group acquired 100% of the ordinary shares of Cullens Pty Limited and Cullens Services No1 Pty Limited “Cullens” for a total consideration of $41,934,000. 2,553,630 shares in IPH were issued as part of the consideration.

Loss of control over entities