NEXTED GROUP LIMITED — Board/Management Information 2015

Oct 5, 2015

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| ASX Announcement
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6 October 2015

Australian Securities Exchange Limited

Via e - lodgement – ASX Code ICT

STRENGTHENING OF MANAGEMENT TEAM AND BOARD RESTRUCTURE

iCollege Ltd is extremely pleased to announce the restructure of its board and the appointment of two highly experienced executives effective 6 October 2015. The revitalised 3 person board will guide the Company through its next phase of rapid expansion and the consolidation of its existing assets.

HIGHLIGHTS:

• Mr Andrew Crevald, a Director and Principal at Curtin College (a Navitas-owned College) and Board Member of ACPET, has accepted the position of Non-Executive Director

• Mr Stuart Manifold has accepted a promotion to Chief Executive Officer following his success in the role of Chief Operating Officer

• Mr Stuart Usher has been appointed to the position of Chief Financial Officer & Company Secretary

• Mr Ross Cotton will assume the position of Executive Chairman

• Mr Victor Hawkins has tendered his resignation as Managing Director, however will remain with the company in a strategic role, focused on the expansion of the iCollege online delivery division

• Mr Johannes De Back has resigned his position of Chairman along with Mr Chris Watts who will step down as CFO and Company Secretary

iCollege Ltd ABN 75 105 012 066 ASX: ICT

P: (08) 6380 2555 Suite 1 Ground Floor F: (08) 9381 1122 437 Roberts Road Email: admin@icollege.net Subiaco WA 6008

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Mr Andrew Crevald

Mr Andrew Crevald is College Director and Principal at Curtin College, a Navitas college based at Curtin University. In this role Andrew’s responsibilities include College leadership, strategy, higher education and vocational registration and accreditation, teaching and learning, governance and quality, policy development, finance, and business development.

Andrew worked as an IT professional before moving to university management. Since then Andrew has been a university Faculty Manager, Director of Policy and Planning, and Director of Student Services. In 2006, Andrew was appointed as College Director and Principal at Perth Institute of Business and Technology and moved to Curtin College in July 2013.

Andrew has held various university, school, industry, and Government appointments including ECU Council, Chair of WAPETIA and the Board of ACPET.

Mr Stuart Manifold

Stuart brings training expertise in Australia and internationally and was previously CEO of Risktec Australasia, a specialist Crises Management and Emergency Response Training and Consulting business with operations in over 20 countries. Under his guidance Risktec was admitted to the WA Industry and Export Awards “Hall of Fame” for services to Education internationally. Risktec was sold in 2008 to a publically listed Scottish company as part of a roll up of internationally based training organisations.

Stuart’s expertise in the development of training organisations and entrepreneurial approach will serve the Company well through the next phase of expansion and consolidation.

Stuart has been the recipient of a 40 under 40’s award and has served on the board of the Entrepreneurs Organisation in WA and has assisted significantly with a number of Perth based charities, including Ronald McDonald House and the Rachel Doherty Foundation.

iCollege Ltd ACN 75 105 012 066 ASX: ICT

Suite 1 Ground Floor 437 Roberts Road Subiaco WA 6008

P: (08) 6380 2555 F: (08) 9381 1122 Email: admin@icollege.net

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Mr Stuart Usher

Mr Stuart Usher has been appointed the Chief Financial Officer and Company Secretary, replacing Mr Chris Watts. The range of skills and experience that Mr Usher brings in Corporate and Financial Management will be invaluable for iCollege as it enters a key phase of growth and integration.

Mr Usher is a CPA and Chartered Company Secretary with 20 year’s extensive experience in the management and corporate affairs of public listed companies. He holds an MBA from the University of Western Australia and has extensive experience across many industries focusing on Corporate & Financial Management, Strategy & Planning, Mergers & Acquisitions, and Investor Relations & Corporate Governance.

The revised board of iCollege

• Mr Ross Cotton – Executive Chairman

• Mr Andrew Crevald – Non-Executive Director

• Mr Philip Re – Non-Executive Director

Executive Chairman, Mr Ross Cotton, commented:

“We are tremendously pleased to have Mr Crevald join the board of iCollege. His experience in the sector is second-to-none and we are grateful to have the opportunity to draw on this as we continue to integrate our existing assets. Mr Crevald holds the position of Principle at Navitas’ Curtin College, so we see his appointment as a strong validation of our management team and company strategy.”

“I would like to congratulate Mr Manifold on the great work he has done within the Company over the past 6 months and his promotion to CEO. I also offer a very warm welcome to Mr Usher who complements the team with a very robust set of skills and experience.”

“Finally, we wish to express our gratitude to Mr. Hawkins for his stewardship of ICT since listing and also to Mr Johannes de Back who has greatly assisted us in the development of the Company throughout our early stages. Further, we offer our sincere thanks to Mr Chris Watts for his significant efforts in assisting iCollege to achieve the stable base from which we will now use to move forward.”

iCollege Ltd ACN 75 105 012 066 ASX: ICT

P: (08) 6380 2555 Suite 1 Ground Floor F: (08) 9381 1122 437 Roberts Road Email: admin@icollege.net Subiaco WA 6008

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-ENDS-

For further Information:

Mr Ross Cotton, Executive Chairman

iCollege Limited +61 (0) 419 870 363 ross@icollege.net

About iCollege Limited:

iCollege (ASX: ICT) is a training organisation positioning itself to become one of Australia's leading Vocational educators. iCollege has grown substantially since it inception in 2014 through targeted acquisitions and growth among its current portfolio companies. iCollege charges itself with the vision to assist students and workers to remain relevant in an ever-changing employment environment, through the provision of training solutions delivered via a state of the art e-learning platform – an innovative and unique technology solution designed to make the learning experience more flexible, dynamic and mobile.

iCollege Ltd ACN 75 105 012 066 ASX: ICT

Suite 1 Ground Floor 437 Roberts Road Subiaco WA 6008

P: (08) 6380 2555 F: (08) 9381 1122 Email: admin@icollege.net

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