NEXTED GROUP LIMITED — Capital/Financing Update 2015

Oct 25, 2015

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| ASX Announcement
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23 October 2015

Australian Securities Exchange Limited Via e - lodgement – ASX Code ICT

NON-RENOUNCEABLE RIGHTS ISSUE - NOTICE PURSUANT TO PARAGRAPH 708AA (2)(F) OF THE CORPORATIONS ACT 2001 ("ACT")

On 19 October 2015 iCollege Limited (“ICT or the Company”) announced that it will be offering eligible shareholders the opportunity to acquire additional fully paid ordinary shares in the capital of the Company (Shares) via a non-renounceable rights issue (Rights Issue) on the basis of one (1) Share for every four (4) Shares at a price of A$0.10 with a free attaching ICTO listed option on a 1 for 2 basis held at the record date of 30 October 2015.

The maximum number of Shares which may be issued under the Rights Issue is 16,733,657 to raise $1,673,366 before costs.

An Offer Document will be mailed to eligible shareholders on 4 November 2015. For informational purposes, a sample copy of this Offer Document has been attached to this notice.

NOTICE UNDER s708AA OF THE ACT

The Company hereby notifies ASX under paragraph 708AA(2)(f) of the Act that:

• (a) the Company will offer the Shares for issue without disclosure to investors under Part 6D.2 of the Act;

• (b) the Company is providing this notice under paragraph 2(f) of section 708AA of the Act;

• (c) as at the date of this announcement, the Company has complied with the provisions of Chapter 2M of the Act as they apply to the Company;

• (d) as at the date of this announcement, the Company has complied with section 674 of the

Act; and

• (e) as at the date of this announcement, there is no information:

• (i) that has been excluded from a continuous disclosure notice in accordance with the ASX

Listing Rules; and

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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(ii) that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

(A) the assets and liabilities, financial position and performance, profits and losses and prospects of the Company; or

• (B) the rights and liabilities attaching to the Shares.

-ENDS-

For further information, please contact:

Mr Ross Cotton, CEO & Executive Director

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 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

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

437 Roberts Road Subiaco WA 6008

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