NOVIQTECH LIMITED — Capital/Financing Update 2019

Oct 31, 2019

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1 November 2019

Private Placement Successfully Completed to raise $700,000

• TYMLEZ Group has successfully completed a placement to sophisticated and professional investors

• The placement was well supported by existing and new investors, with the Company receiving binding commitments to raise approximately $700,000 (before costs) through the issue of 15,909,091 shares and 15,909,091 options at A$0.044 per share

• The funds raised by the share placement will principally be used to support license sales via the Google Marketplace and further drive recurring revenues via the Blockchain-in-aBox offering with Hewlett Packard & SUSE

• Peak Asset Management acted as lead advisor to the raise

TYMLEZ Group Limited (ASX: TYM) (“TYMLEZ” or “the Company”) is pleased to announce that it has received binding commitments to raise A$700,000 (before costs) through the issue of 15,909,091 ordinary shares and options at A$0.044 (4.4 cents) per share (the “Placement”). The funds raised in the Placement will principally be used to pivot the sales model to scalable and high margin sales channels via Google Marketplace and Hewlett Packard Enterprise. Peak Asset Management acted as lead manager to the placement.

In addition, for each share subscribed for investors will receive one free attaching option with an exercise price of $0.065 (6.5 cents) and an expiry date of 31 December 2023. The Company intends to apply for official quotation of the options subject to meeting ASX quotation requirements.

TYMLEZ Executive Director Reinier van der Drift has subscribed of $25,000 worth of shares and attaching options in the placement which will be issued subject to shareholder approval pursuant to ASX Listing Rule 10.11 at the Company’s next shareholders meeting.

The Board have also elected to take their director fees in ordinary shares until end of 2019, subject to shareholder approval.

The Company intends to issue the balance of shares and options under its placement capacity pursuant to ASX Listing Rule 7.1 and 7.1A (see Table 1). The allotment of the new placement shares is anticipated to occur on or around Friday 8 November, the allotment of attaching options is intended to occur within 2 months.

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Table 1: Summary of Share and Option Placement

ASX Listing Rule	Placement Capacity	Shares to be Placed	Options to be Placed
LR 7.1	19,481,995	2,272,912	15,340,909
LR 7.1A	13,067,997	13,067,997	-
LR 10.11	N/A	568,182	568,182
Total	32,549,992	15,909,091	15,909,091

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ABOUT TYMLEZ

TYMLEZ is an ASX listed enterprise software and technology company with a highly scalable, enterprisegrade solution, utilising the key features of the blockchain combined with open source software and TYMLEZ’s proprietary intellectual property. The TYMLEZ technology enables smart contract blockchain platforms customised for businesses and which can be deployed in minutes and or implemented via partners within an enterprise or across a consortium. The TYMLEZ technology meets key enterprise requirements of scale, robustness and security and can retrieve data from the customer’s legacy systems. This scalable platform which enables accelerated development, management, and deployment of enterprise blockchain applications.

TYMLEZ technology is currently deployed with a number of customers across Europe, Asia and Africa, including Grant Thornton and Save the Kids. There are also a growing number of highly credentialled industry partners working with TYMLEZ to drive sales and support the rollout, including Hewlett Packard enterprise; SUSE, the world’s largest integrator of SAP solutions; Plantation, a Boston Consulting Group division.; and CGI. Today, TYMLEZ is building a number of use cases for customers to leverage across asset tracking, secure document handling, KYC and HR onboarding, Market Settlement, and Loyalty Programmes.

CONTACTS

TYMLEZ Justyn Stedwell Company Secretary Tel: +61 3 9191 0135

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