IVE GROUP LIMITED — Capital/Financing Update 2017

Aug 7, 2017

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ASX RELEASE – IVE GROUP LIMITED (ASX: IGL)

8 August 2017

Response to Media Article

IVE Group Ltd ( IVE ) notes a newspaper article today making a comparison between disclosure at the time of its capital raising to fund the acquisitions of Franklin Web ( Franklin ) and AIW Printing ( AIW ), of 5 December 2016, and additional disclosure at the time of announcement of half year results to 31 December 2016, on 27 February 2017.

For clarification, the stated acquisition price for Franklin and AIW at the time of the capital raise of $116 million is correct. The difference between this amount and the aggregate cash, shares issued and deferred consideration referred to in the 1H17 accounts ($135m) relates to standard working capital and balance date adjustments. The likelihood of these adjustments was disclosed in page 1 and 2 of IVE’s ASX announcement of December 5 2016, in relation to Franklin and AIW respectively.

These are adjustments made in the ordinary course of a transaction to reflect the differences between normalised expectations around balance sheet items at the time of signing and actual balances on transaction completion.

For further information contact:

Darren Dunkley Chief Financial Officer

+61 2 80204400