NEXTED GROUP LIMITED — Capital/Financing Update 2017

Jul 30, 2017

July 31, 2017

ASX Announcement

COMPANY UPDATE

• The Company advises that effective today, it has agreed not to proceed with the acquisition of Capital College Student Services Pty Ltd (“Australian Capital College”), as announced on 10[th] May, due to the conditions precedent in the acquisition not being achieved;

• Repayment in cash of a Convertible Loan of $150,000 was completed today, funded by a new convertible loan on the same terms and conditions with a term of 90 days. The new loan will require the Company to issue 5M unlisted options exercisable at 4 cents with an expiry of two years from date of issue. The Company will obtain shareholder approval at an upcoming shareholder meeting.

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For further Information:

Mr. Matt Sutherland Chief Operating Officer iCollege Limited +61 8 9466 9008

Matt.sutherland@icollege.edu.au