JANISON EDUCATION GROUP LIMITED — Share Issue/Capital Change 2019

Mar 28, 2019

ASX:JAN Janison Education Group Limited C/- Level 5, 126 Phillip Street Sydney NSW 2000

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ASX Release

29 March 2019

Notice under ASX Listing Rule 3.10.5A

Janison Education Group Limited ( Company ) has today issued and allotted 18,181,818 fully paid ordinary shares ( Shares ) of which 14,446,295 of the Shares were issued under ASX Listing Rule 7.1A.

In accordance with ASX Listing Rule 3.10.5A, the Company confirms the following details:

1. The dilution caused to the existing shareholders of the Company from the issue of the Shares under ASX Listing Rule 7.1A is 9.75%.

2. The Shares were issued for cash consideration as part of a Placement to institutional and sophisticated investors raising $6m (before costs). As announced to the ASX on 25 March 2019, the funds raised from the Placement are being used to assist with the funding of the acquisition of LTC Holdco Pty Ltd ( Acquisition ). The Company considered other types of raising but determined that the Placement was the most efficient and expedient method of raising funds to assist with the Acquisition. If the Company conducts further capital raisings in the future it will consider all available options including those in which existing ordinary security holders will be eligible to participate.

3. No underwriting agreements were entered into with respect to the Placement.

4. The Company has agreed to pay a total fee equivalent to 5% of the funds raised under the Placement to Bell Potter as lead manager of the Placement.

Yours faithfully

Andrew Whitten Company Secretary

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