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ONE CLICK GROUP LIMITED Capital/Financing Update 2019

May 2, 2019

64250_rns_2019-05-02_1fb33a4b-d57b-46eb-9b71-2e772f9292f9.pdf

Capital/Financing Update

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UUV Aquabotix Ltd., C/- Sundaraj & Ker Level 36, Australia Square, 264 George Street Sydney NSW 2000

3 May 2019

Dear Shareholder

UUV AQUABOTIX LTD – PRO-RATA RENOUNCEABLE RIGHTS ISSUE

As announced on 23 April 2019, UUV Aquabotix Ltd (ACN 616 062 072) ( Company ) is undertaking a 1:1 pro rata renounceable rights issue ( Rights Issue or Offer ) of approximately 162,468,795 fully paid ordinary shares ( New Share ) to raise approximately $974,813. The price of New Shares under the Offer is $0.006 each ( Issue Price ). The Company lodged a prospectus for the Offer ( Prospectus ) with ASIC and ASX on 1 May 2019.

The funds raised from the Offer are planned to be used in accordance with the table set out below:

Item Proceeds of the Offer Full Subscription
($)
%
1. Research and Development $113,921 12%
2. Sales and Marketing $227,603 23%
3. Expenses of the Offer $135,496 14%
4. Repayment of (related party) Long Hill
Loan
$206,312 21%
5. Working capital $291,481 30%
Total $974,813 100%

The Offer is being made to all shareholders of the Company ( Shareholders ) named on its register of members at 5:00pm (WST) on 7 May 2019, whose registered address is in Australia, New Zealand or (in the case of institutional investors only) the United States of America.

New Shares will rank equally with all fully paid ordinary shares in the capital of the Company ( Shares ) already on issue.

Following completion of the Offer, the Company will have issued approximately 162,468,795 New Shares resulting in total Shares on issue of approximately 324,937,590.

Ineligible shareholders

A Shareholder who has a registered address outside Australia, New Zealand and (in the case of institutional investors only) the United States of America ( Ineligible Shareholder ) will not be eligible to participate in the Offer.

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You are not eligible to participate in the Offer and you will not be sent a copy of the Prospectus. This decision has been made pursuant to Listing Rule 7.7.1(a) of the ASX Listing Rules after taking into consideration the costs of complying with legal and regulatory requirements in jurisdictions outside of Australia, New Zealand and (in the case of institutional investors only) the United States of America.

The Company has appointed Patersons Securities Limited (ACN 008 896 311) ( Nominee ) as nominee to sell the rights to subscribe for New Shares pursuant to the Prospectus ( Entitlements ) to which Ineligible Shareholders are entitled. The Nominee will have the absolute and sole discretion to determine the timing and price at which the Entitlements may be sold and the manner of any such sale.

Any interest earned on the proceeds of the sale of these Entitlements will firstly be applied against expenses of such sale, including brokerage, and any balance will accrue to Ineligible Shareholders.

The net proceeds of the sale of these Entitlements will then be forwarded by the Company as soon as practicable to the Ineligible Shareholders, in proportion to their share of such Entitlements (after deducting brokerage commission and other expenses).

Notwithstanding that the Nominee may sell Entitlements, Ineligible Shareholders may nevertheless receive no net proceeds if the costs of the sale are greater than the sale proceeds.

There is no guarantee that the Nominee will be able to sell Entitlements of Ineligible Shareholders on ASX and Ineligible Shareholders may receive no value for the Entitlements. Both the Company and the Nominee take no responsibility for the outcome of the sale of such Entitlements or the failure to sell such Entitlements.

If you have any queries concerning the Rights Issue, please contact your financial adviser or Jonathan Swain, the Company Secretary on +61 2 8880 5130.

Yours sincerely

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Jonathan Swain Company Secretary

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