NEXTED GROUP LIMITED — Capital/Financing Update 2015

Nov 16, 2015

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17 November 2015 ASX:ICT

Commercial Agreement Signed ASX Announcement with Western Australia’s largest Not-For-Profit Business Centre

Highlights

• iCollege has signed a commercial agreement with WA’s leading not-for-profit business centre, the WA Business Assist (WABA) to develop and market a series of online course materials and on-demand videos

• iCollege will utilise WABA’s specialised course materials to develop a customised Learning Management System directly mapped to iCollege’s certification standards

• Under the revenue share agreement, iCollege will have the exclusive right to market all its certified and accredited courses to WABA’s client base of over 25,000 small to medium size businesses

• The agreement will run for 24 months, with the option to extend to a further 24 months

• Agreement provides further validation of iCollege’s superior product and service offering as well as giving iCollege students across Australia a new, flexible and low cost pathway to a Course or Diploma

iCollege Limited (ASX: ICT, “iCollege” or “The Company”), the specialist training and education organisation, is pleased to advised that it has signed a collaboration agreement with Stirling Business Enterprise Centre (trading as WA Business Assist), WA’s leading not-for-profit business centre. Under the agreement, WABA and iCollege will develop and market a series of online course materials and on-demand videos designed to re-skill and up-skill students.

Utilising WABA’s specialist course materials, iCollege and WABA will work together to develop a Learning Management System to deliver the course materials and on-demand videos. The materials will be eligible for recognised prior learning status for students pursuing any of iCollege’s complete range of Certified Courses and Diplomas and will provide iCollege students across Australia with a new, flexible and low cost pathway to starting a Course or Diploma.

Under the revenue share agreement, iCollege will have the exclusive right to market the full range of its certified and accredited courses to WABA’s client base of over 25,000 small to medium size businesses giving them the opportunity to upskill their workforces. The agreement will run for an initial period of 24 months, with the option to extend to a further 24 months.

Commenting on the Collaboration, Ross Cotton, Executive Chairman of iCollege said:

“We are very pleased to be working with a leading business centre to jointly develop an extensive range of new course material which will be marketed to over 25,000 clients and their staff. This collaboration provides further validation of our product and offering and opens up the opportunity to market our entire range of certified and accredited courses to WABA’s large client base. Furthermore, we have the opportunity to extend the scope of the agreement to reach other government funded and privately managed business centres throughout Australia.”

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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WABA Business Assist Chairman, Allen Fraser said:

“The growth we are seeing in Australian start-up businesses, combined with the current government incentives for businesses to re-skill and up-skill their workforces, represents an opportune time for us to partner with iCollege, a recognised training organisation, and offer our vast range of clients the training they require to help their businesses grow.”

-ENDS-

For further information, please contact:

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 positioned to become one of Australia's leading educators. iCollege has grown since its 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.

About WA Business Assist:

Established in 1994, Stirling Business Enterprise Centre trading as WA Business Assist, is a notfor-profit business advisory organisation which has a long and developed history of providing tailored solutions to WA Businesses in the areas of Business Strategy, Operations, Finance, Human Resources, Marketing, IT, Customer Service and training.

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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