NEXTED GROUP LIMITED — Capital/Financing Update 2015

Nov 11, 2015

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12 November 2015 ASX:ICT

iCollege signs Letter of Intent with Clubs Queensland and CTA Training to establish a ASX Announcement Structured ‘Return to Work’ Pilot Program for WorkCover clients

Highlights

• Letter of Intent (LOI) signed with peak industry body, Clubs Queensland and CTA Training to develop an innovative program to address the challenges in finding suitable and meaningful work for long term WorkCover clients in Queensland

• Collaborative agreement opens up an opportunity to establish a clear pathway to employment for long term WorkCover clients in a new career

• Initial focus to develop a program whereby 100 long term WorkCover clients can participate in a medically agreed, tailored return to work program and complete a relevant qualification

• Highly scalable program with potential to greatly reduce long term WorkCover claims

• • Aligns to iCollege’s overall strategy to pursue relationships with peak industry bodies to efficiently deliver positive outcomes and employment opportunities for iCollege graduates

iCollege Limited (ASX: ICT, “iCollege” or “The Company”) is please to advised that it has signed a Letter of Intent (LOI) with Clubs Queensland, the peak industry body and union of employers for registered and licensed clubs in Queensland, and Care Training Australia (CTA Training) to develop an exclusive pilot project to place 100 long-term WorkCover clients in suitable and medically approved roles within Clubs in Queensland. CTA, a registered training organisation with over 15 years’ training industry experience specialising in hospitality and associated disciplines, has a long term partnership with Clubs Queensland as a preferred provider.

The agreement aligns with the Company’s overall strategy to build relationships with peak industry bodies to efficiently deliver positive outcomes for long term unemployed individuals.

Through this unique collaboration, 100 long term WorkCover clients will receive the opportunity to participate in a medically agreed, meaningful and appropriate return to work program involving a role in one of approximately 1,000 community clubs throughout the state. Each participant will be provided with the opportunity to complete a relevant qualification allowing them to move forward with a new career, more suited to their current physical capability following an accident or injury.

In addition, the pilot program will employ 10 Return to Work Coordinator and Health and Safety Trainees. The progress of the injured Work Cover clients will be overseen by these trainees, who will be supervised by two suitably qualified Registered Nurses, currently employed within the iCollege Group.

Upon successful completion of the pilot stage, Clubs Queensland, CTA Training and iCollege intend to progress the agreement to a further longer term partnership and a formal proposal to the Queensland Government for continued support and funding of the program.

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

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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“This LOI is the first stage in a collaborative process that will bring together Industry and Training Organisations to address a long standing problem, close cooperation and consultation with the relevant Government Departments will be sought to ensure the highest quality training, and set a clear and guaranteed pathway to employment for all successful graduates who participate in the program.”

-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 Clubs Queensland

Clubs Queensland is the peak industry body and union of employers for registered and licensed clubs in Queensland. Clubs Queensland represent the interests of approximately 1000 community clubs throughout the state, including sporting, RSL and ex-services, golf, bowls and surf life saving supporters clubs and strive to ensure all community clubs remain viable, competitive and relevant now and into the future.

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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