MACH7 TECHNOLOGIES LIMITED — Capital/Financing Update 2022

Nov 24, 2022

ASX Announcement

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25 November 2022

MACH7 SIGNS AGREEMENT WITH ST PAUL’S HOSPITAL HONG KONG

• Capital License Agreement with St. Paul’s Hospital; Total Contract Value of $1.52 million[1]

• Network effect evidenced - St. Paul’s sister hospital, St. Teresa’s, is an existing Mach7 customer

• Expansion of Mach7’s Asia Pacific market footprint

Mach7 Technologies Limited (“Mach7” or the “Company”) (ASX:M7T), a company specialising in innovative medical imaging software solutions, is pleased to announce it has received a signed agreement from St. Paul’s Hospital, Hong Kong to replace its Picture Archiving and Communication System (PACS).

The agreement with St. Paul’s Hospital involves Mach7’s entire Enterprise Imaging Platform including its Vendor Neutral Archive (VNA), eUnity Diagnostic Viewer, Universal Worklist and additional workflow tools together with Support and Professional Services. The capital contract has a year-one value of $1 million and a Total Contract Value of $1.52 million.

St. Paul’s Hospital is a large scale, long established private hospital located in Causeway Bay on Hong Kong Island. The hospital has approximately 500 beds and more than 20 departments with a stated purpose of continuous improvement to provide high-quality medical services.

Mach7 was selected by St. Paul’s Hospital for its speed and performance in providing a vendor neutral platform with enterprise-wide interoperability that supports fast retrieval of studies for primary interpretation, clinical review and after hours teleradiology services together with future scalability. Aiding selection was Mach7’s proven success at sister hospital, St. Teresa’s Hospital, Hong Kong, where Mach7 has been installed since May 2020.

CEO and Managing Director of Mach7, Mike Lampron said: “ St. Paul’s Hospital is a prestigious institution in Hong Kong and this agreement allows us to extend our footprint in the area as well as solidify our offerings throughout the Asia Pacific Region. This continued partnership will allow all of our core offerings to assist St. Paul’s in realising their goals along the journey for a complete enterprise imaging solution. This agreement also provides further evidence of our commitment to the fast growing Asia Pacific market .”

Released on authority of the Board by:

Mike Lampron Chief Executive Officer

1 Exchange rate: AUD/USD = $0.65

For more information, contact:

Investor Relations: Rebecca Thompson +61 (0) 416 079 329 rebecca.thompson@mach7t.com

About Mach7 Technologies:

Mach7 Technologies (ASX:M7T) is a medical imaging systems provider that develops innovative image management and viewing solutions for healthcare organisations. The core of these offerings is the Mach7 Enterprise Imaging Solution, encompassing Enterprise Data Management, Enterprise Diagnostic Viewing and Diagnostic Workflow applications. Mach7’s Enterprise Data Management solution, consisting of a powerful Vendor Neutral Archive (VNA) and data administration tools, allows for the fast storage, access, retrieval and viewing of images across a healthcare network with connectivity to the Cloud. In July 2020, Mach7 acquired Client Outlook and the eUnity Enterprise Diagnostic Viewing technology to augment Mach7’s Enterprise Data Management and Diagnostic Workflow applications. eUnity is a zero-footprint, FDA-approved, image viewing solution that makes images accessible on any workstation. This offers healthcare professionals consolidated access to all patient images and data, ensuring clinical staff have timely access to the right information to diagnose and treat patients. Uniquely, the company also gives customers independence to deploy its solutions either on a component basis or in a unified comprehensive platform. Mach7 has built a global network of diverse customers that range from expansive Integrated Delivery Networks, National Health Systems, medical research facilities, and large academic medical institutions to regional community hospitals, private radiology practices, and independent provider groups. Visit Mach7t.com.

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Mach7 Technologies Limited (ASX:M7T) ABN: 26 007 817 192 Registered Office: Level 4, 96 – 100 Albert Road, South Melbourne, VIC 3205 T: 03 9692 7222 www.mach7t.com