NEXTED GROUP LIMITED — M&A Activity 2014

Sep 7, 2014

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ASX Announcement

8 September 2014

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

STRATEGIC ACQUISITION OF ONLINE REGISTERED TRAINING ORGANISATION PROVIDES ADDITIONAL PLATFORM FOR GROWTH

• iCollege acquires Bookkeeping School Pty Ltd, a Registered Training Organisation (RTO) which currently offers certificate level courses to over 100 students

• Newly acquired business provides platform for growth into the accredited education course market

• EPS accretive from day one of completion, with revenues of AUD$170,000 per annum

• Acquisition continues positive momentum for iCollege following the recent launch of its customer website and education course portfolio

iCollege.net (ASX: ICT) is pleased to announce that it has entered into a binding Heads of Agreement (“Agreement”) to acquire 100% of the shares in Bookkeeping School Pty Ltd, a Registered Training Organisation (RTO).

P: (08) 6380 2555 Suite 1 Ground Floor F: (08) 9381 1122 437 Roberts Road Email: admin@icollege.net Subiaco WA 6008

iCollege Ltd ABN 75 105 012 066 ASX: ICT

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The acquisition of a Registered Training Organisation (RTO) provides iCollege with a vehicle to pursue growth in the accredited education course market.

Bookkeeping School currently offers certificate-level bookkeeping and accounting courses to over 100 students. This compliments the company’s existing course portfolio and current strategy within the non-accredited education course market.

The deal is expected to be EPS accretive from day one of completion, contributing revenues of AUD$170,000 per annum. Bookkeeping School will be integrated into iCollege’s existing online learning platform, marketing strategy and corporate structure.

iCollege Managing Director, Mr Victor Hawkins commented:

“This strategic acquisition enhances the company’s growth potential by providing a separate platform to pursue opportunities in the high growth accredited education course market.

“We are pleased with the progress that the Company is making towards becoming a leader in the online education market. This acquisition continues our strategy of expansion into sustainable markets and follows the successful launch of our website and initial course portfolio. We expect further material announcements to continue as we focus on extending our course portfolio and expanding in high growth education markets.”

Under the Heads of Agreement iCollege will acquire 100% of the shares in the Company for a cash payment of $115,000. The acquisition is subject to further due diligence and contractual agreements.

-ENDS-

For further information contact:

Mr Victor Hawkins, Managing Director iCollege Limited +61 8 6380 2555 victor@icollege.net

For Media Enquiries please contact:

Asher Moses, Associate Director Media & Capital Partners +61 438 008 616 asher.moses@mcpartners.com.au

437 Roberts Road Subiaco WA 6008

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

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About iCollege Limited:

iCollege Limited (ASX: ICT) is a 100% online training platform that provides practical and comprehensive specialist education. The platform’s proprietary technology was developed over six years and is optimized for mobile devices operating on iOS and Android applications. Launched in 2014 to help students and employees stay relevant in an ever-changing employment environment, the online education provider creates more engaging content and training experiences for the student and working community who are seeking to get ahead and advance their knowledge and current skill sets.

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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