NEXTED GROUP LIMITED — Capital/Financing Update 2018

Jul 3, 2018

July 4, 2018

Australian Securities Exchange Limited Via e-lodgement ASX Code ICT

NOTICE PURSUANT TO SECTION 708A(5)(e) OF THE CORPORATIONS ACT 2001 S708A CLEANSING NOTICE

The Company gives this notice pursuant to section 708A(5)(e) of the Corporations Act 2001 (Cth) (“Act”). The Company has completed a private placement with sophisticated investors to raise $2.2M at a price of $0.05 by way of a private placement (“Placement”) as announced to ASX on 27 June 2018 and also completed an allotment of 1,421,060 for shares in lieu of services provided, and issued 7,500,000 unlisted Options exercisable at 8 cents expiring 3 July 2020 to Advisors and brokers as a fee on the Share Placement.

The Company has issued 44,000,000 fully paid ordinary shares (“Shares”) in the capital of the Company as full allotment of the Placement, issued 1,421,060 fully paid ordinary shares in lieu of services provided and issued 7,500,000 Advisor Fee Options as per the Appendix 3B lodged with the ASX today. The Company advises that the Shares were issued without disclosure to investors under Part 6D.2 of the Act. The Company, as at the date of this notice, has complied with:

• the provisions of Chapter 2M of the Act as they apply to the Company; and

• section 674 of the Act.

As at the date of this notice there is no information that is excluded information for the purposes of sections 708A(7) and (8) of the Act.

For and on behalf of iCollege Limited

Stuart Usher Company Secretary

For further Information:

Mr. Stuart Usher Company Secretary iCollege Limited +61 8 9466 9008

stuart.usher@icollege.edu.au