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ONE CLICK GROUP LIMITED Capital/Financing Update 2019

Apr 30, 2019

64250_rns_2019-04-30_5fd003a9-6b83-4787-a1d7-f82d268a7fe2.pdf

Capital/Financing Update

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

1 May 2019

Dear Optionholder

UUV AQUABOTIX LTD - NOTICE TO OPTIONHOLDERS OF 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 Offer1 $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.

The terms and conditions of the options you currently hold do not entitle you to participate in the Rights Issue unless you exercise your options in time for new shares to be allotted and to be entered on the Company’s register of members on or before 5:00pm (WST) on 7 May 2019 ( Record Date ).

To participate in the Rights Issue, you will need to have exercised your options and have been issued the resulting Shares prior to the Record Date. Notice of exercise of options and cleared payment of the exercise price of the options must be received by the Company’s share registry, Link Market Services Limited on or before 5:00pm (WST) on 7 May 2019. Notices of exercise of options received after this date cannot be assured of the allotment of Shares by the Record Date for the Rights Issue.

There is no obligation for you to exercise your options. This letter is intended to inform you of your rights in relation to your options and the Rights Issue. If you do not wish to participate in

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

the Rights Issue, you do not need to take any action. If you require an option exercise form, please contact the Company Secretary on + 61 2 8880 5130.

Before deciding whether to exercise any or all of your options, you should read the Prospectus in its entirety.

Indicative Timetable

The indicative timetable for the Rights Issue is as follows:

Event Date
Lodgement of Prospectus with the ASIC Wednesday, 1 May 2019
Lodgement of Prospectus & Appendix 3B with ASX Wednesday, 1 May 2019
Notice sent to Optionholders Wednesday, 1 May 2019
Notice sent to Shareholders Friday, 3 May 2019
Ex date Monday, 6 May 2019
Rights start trading Monday, 6 May 2019
Record Date for determining Entitlements (5:00pm WST) Tuesday, 7 May 2019
Prospectus and personalised Entitlement and
Acceptance Forms sent out to Eligible Shareholders
Friday, 10 May 2019
Rights Trading Ends Tuesday, 14 May 2019
Securities quoted on a deferred settlement basis Wednesday, 15 May 2019
Last day to extend the Closing Date* Thursday, 16 May 2019
Closing Date (5:00pm WST) Tuesday, 21 May 2019
ASX notified of under subscriptions Friday, 24 May 2019
Issue date. Deferred settlement trading ends. Tuesday, 28 May 2019

This timetable is indicative only. The Company reserves the right to amend this indicative timetable at any time, subject to the Corporations Act 2001 (Cth) and the ASX Listing Rules.

In particular, subject to the ASX Listing Rules, the Directors reserve the right to extend the Closing Date set out above at their discretion. Should this occur, the extension will have a consequential effect on the anticipated date of issue for the New Shares.

This notice is important and requires immediate attention. If you have any queries concerning the Rights Issue, please contact your financial adviser or Jonathan Swain, Company Secretary on +61 2 8880 5130.

Yours sincerely

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Jonathan Swain Company Secretary

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