JAYRIDE GROUP LIMITED — Capital/Financing Update 2020

Oct 18, 2020

Market Announcement

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19 October 2020

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Jayride Group Limited (ASX: JAY) – Trading Halt (2+2)

Description

The securities of Jayride Group Limited (‘JAY’) will be placed in trading halt at the request of JAY, pending it releasing an announcement regarding a capital raising. Unless ASX decides otherwise, the securities will remain in trading halt until the earlier of the commencement of normal trading on Friday, 23 October 2020 or when the announcement is released to the market.

Issued by

Puja Patel

Adviser, Listings Compliance (Sydney)

Market Announcement 1/1 ASX Customer Service Centre 131 279 | asx.com.au

19 October 2020 ASX Limited

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19 October 2020

Puja Patel Adviser, Listings Compliance (Sydney) ASX Compliance Pty Ltd 20 Bridge Street Sydney NSW 2000

By email: tradinghaltssydney@asx.com.au

Dear Puja,

Request for Trading Halt

Pursuant to ASX Listing Rule 17.1, Jayride Group Limited ( Jayride or the Company ) requests an immediate trading halt in the Company’s securities pending the release of an announcement with respect to a material capital raising proposed to be conducted by the Company.

Jayride anticipates that the trading halt will be lifted on or before Thursday, 22 October 2020 by provision of an announcement to the ASX.

The Company is not aware of any reason why the trading halt should not be granted.

Yours sincerely,

Henry Kinstlinger Company Secretary

Jayride Group Limited ACN 155 285 528

Level 11, 55 Clarence Street, Sydney NSW 2000, Australia