JAYRIDE GROUP LIMITED — Capital/Financing Update 2021

Jul 26, 2021

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ASX Announcement

27th July 2021

SPP Closes Tomorrow at 5:00pm AEST

Jayride Group Limited (ASX:JAY) (“ Jayride” or the “ Company” ) the world leading online travel marketplace for airport transfers reminds Eligible Shareholders that the Company’s Share Purchase Plan (“ SPP” ), as announced on 17 June 2021 , will close

tomorrow, 28 July 2021 at 5.00pm (Sydney Time).

The Offer under the Plan is intended to raise up to $1 million (before expenses) on the terms and conditions as set out in the SPP Offer document lodged with the ASX on 1st July 2021 and sent to Eligible Shareholders on that date.

Eligible Shareholders have the opportunity to purchase up to $30,000 worth of fully paid ordinary shares in the Company (in any 12-month period) with no associated brokerage.

The shares will be issued at $0.21, which is the same price as the recent Placement which raised $10 million.

The fastest way to apply and pay for your new shares is by using BPAY. You can only apply using the BPAY information provided on your personalised SPP Application Form that was sent to Eligible Shareholders. Note, your financial institution may have earlier cut off times for BPAY payments.

You can access your personalised SPP Application Form by logging onto Computershare’s Investor Centre website at: http://www.investorcentre.com/au using your Holder ID and postcode or username and password.

The Company encourages all Eligible Shareholders to read the SPP Offer Booklet (“ Offer Booklet” ) lodged with the ASX and sent to Eligible Shareholders on 1 July 2021, before deciding whether to participate in the SPP. The Offer Booklet is also available on the Company’s website: https://www.jayride.com/investors/.

Participation in the SPP is entirely voluntary. The SPP is not underwritten.

The funds under the SPP will primarily be used toward working capital.

If you have any questions in relation to the SPP or how to complete the Application Form, please call the share registry, Computershare, on 1300 850 505 (within Australia) or +61 3 9415 4000 (outside Australia) at any time from 8:30 am to 5:00 pm (Sydney Time) Monday to Friday.

Jayride Group Limited (ACN 155 285 528)

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For more information please contact

Henry Kinstlinger

Company Secretary Email: corporate@jayride.com

ASX release authorised by Henry Kinstlinger, Company Secretary, Jayride Group Limited.

About Jayride Group Limited (ASX:JAY)

Jayride.com is the world’s leading publicly listed airport transfers marketplace, where travellers compare and book rides around the world. With Jayride.com, travellers can compare and book with 3,700+ ride service companies, servicing 1,600+ airports in 110+ countries around the world, including the Americas, Europe, Middle East, Africa, Asia and the Pacific.

The Jayride.com platform aggregates ride service companies and distributes them to travellers at Jayride.com; and via travel brand partners including other technology platforms, travel agencies and wholesalers. These travel brands implement Jayride APIs to sell door–to–door ride services that build traveller confidence and defend their core travel business.

Founded in 2012, Jayride.com is headquartered in Sydney, Australia.

For more information, please visit www.jayride.com

Forward-looking statements

This announcement contains forward-looking statements that involve risks and uncertainties. Indications of, and guidelines or outlook on, future earnings, distributions or financial position or performance and targets, estimates and assumptions in respect of production, prices, operating costs, results, capital expenditures, reserves and resources are also forward-looking statements. These statements are based on an assessment of present economic and operating conditions, and on a number of assumptions and estimates regarding future events and actions that, while considered reasonable as at the date of this announcement and are expected to take place, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of the Company, the directors and management. We cannot and do not give any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur and readers are cautioned not to place undue reliance on these forward-looking statements. These forward-looking statements are subject to various risk factors that could cause actual events or results to differ materially from the events or results estimated, expressed or anticipated in these statements.

Jayride Group Limited (ACN 155 285 528)

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