MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Jan 24, 2021

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ASX Announcement

Adventist Health Significantly Expands its Enterprise Imaging Strategy with Mach7

Highlights:

• ♦ Adventist Health System licenses Mach7 PACS solution

• ♦ Total new contract value A$7.9 million

• ♦ The expanded relationship will see Mach7 solutions deployed across 22 hospitals

Melbourne, Australia; 25 January 2021 : Mach7 Technologies Limited (“Mach7” or the “Company”) (ASX:M7T) today announced its wholly-owned subsidiary has signed a contract amendment with Adventist Health System/West (“Adventist Health”) for the license of the Mach7 PACS (Picture Archive Communication System) solution and associated services.

Mach7 initially contracted with Adventist in April 2020 to provide its eUnity Diagnostic Viewer and Mach7 Universal Worklist to Adventist Health Tulare, one of the hospitals in the Adventist Health network.

Today, Mach7 (via its subsidiary) has signed a contract amendment with Adventist Health to provide its full PACS solution, including the Mach7 Enterprise Imaging Platform, eUnity Diagnostic Viewer, Mach7 Universal Worklist, Mach7 QC Module, and Mach7 Clinical Portal. The Mach7 PACS solution is part of the Adventist PACS replacement program which is being rolled out across all 22 of its hospitals. The contract is valued at over $7.9 million, including migration services and five years of support and maintenance.

The software deployment will occur in stages as software licenses are ordered by individual hospitals in the Adventist Health group. Mach7 is expecting to receive the first of those orders this quarter from three hospitals, which is expected to comprise approximately 7% of the total contract value. Mach7 expects to receive further orders this financial year, with a goal of having the majority of the Adventist Health hospitals using the Mach7 PACS by the end of 2021 calendar year.

Mach7 CEO, Mike Lampron, said: "I am delighted to partner with Adventist for their PACS replacement project. The collaborative partnership we have established with Adventist Health has allowed us to help them expand their enterprise imaging growth strategy. I am confident Mach7's full Enterprise PACS solution will provide a flexible and scalable foundation that meets the needs of radiologists across their health network.”

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Mach7 Technologies Limited ABN 26 007 817 192 ASX:M7T

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ASX Announcement

About Adventist Health System:

Adventist Health is a faith-based, nonprofit integrated health system serving more than 80 communities on the West Coast and in Hawaii. Founded on Seventh-day Adventist heritage and values, Adventist Health provides care in hospitals, clinics, home care agencies, hospice agencies and joint-venture retirement centers in both rural and urban communities. Its headquarters are in Roseville, California. As of 2020 Adventist Health operates 22 hospitals in California, Hawaii, and Oregon.

This announcement has been approved for lodgment by the Managing Director and Company Secretary.

About Mach7 Technologies:

Mach7 Technologies (ASX:M7T) develops innovative data management solutions that create a clear and complete view of the patient to inform diagnosis, reduce care delivery delays and costs, and improve patient outcomes. Mach7’s award-winning enterprise imaging platform provides a vendor neutral foundation for unstructured data consolidation and communication to power interoperability and enables healthcare enterprises to build their bestof-breed clinical ecosystems. Mach7’s sophisticated workflow tools, advanced clinical viewing and optimized vendor neutral archiving solutions unlock silos of legacy systems empowering healthcare providers to own, access and share patient data without boundaries. Visit Mach7t.com.

For more information, contact:

Jenni Pilcher CFO and Company Secretary, Mach7 jenni.pilcher@mach7t.com

Andrew Keys Investor Relations andrew.keys@keysthomas.com

Registered Office: Tower 4, 727 Collins St Docklands, VIC 3008

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Mach7 Technologies Limited ABN 26 007 817 192 ASX:M7T