ONE CLICK GROUP LIMITED — Capital/Financing Update 2022

Oct 18, 2022

==> picture [142 x 72] intentionally omitted <==

ASX / MEDIA RELEASE 19 OCTOBER 2022

One Click Group to Enter Mortgage Brokering Market with New Product Launch

Key Highlights:

• Fast growing online financial and life admin services company One Click Group currently has three key online product offerings on its technology platform for users, being:

  • One Click Tax (simple and direct to ATO tax lodgements);

  • One Click Wills (establishment of a personal will);

  • One Click Health Insurance.

• One Click is set to launch its 4[th] key product vertical in the coming quarter, One Click Mortgages, entering the mortgage brokering market.

• As part of the wider development pathway for One Click Mortgages, a first phase ‘Loan Pack’ product has been sold to 235 customers in Q1 FY23 displaying demand for a digital mortgage brokering product in the Company’s user base.

• Development work has now commenced on building the digital mortgage brokering product which will supplement the existing products on the One Click Life platform and will be marketed to users.

• Registered users at the end of September exceed 60,000 and continues to grow, which is a substantial 43% increase since the end of the 2022 financial year.

Fast growing life admin technology platform One Click Group Limited (ASX:1CG) (“Company”) is pleased to announce that the Q1 FY23 trial of its first step into the mortgage brokering market, via the offering of its ‘Loan Pack’, has been successful, with 235 customers purchasing the Loan Pack product. The Loan Pack is designed for customers wanting to procure finance, providing the customer with all of their ATO tax information that will be required by any financial institution prior to providing finance to a customer. The product is offered at $59 and speeds up the information gathering process for customers requiring finance. The Company launched the trial in anticipation of the large use of its online tax product prior to 1 July, 2022 with no external marketing costs, making the product available only to its registered user base. The trail was to validate that there was sufficient demand for the service ensuring sound commercial grounds for progressing the build of the One Click Mortgages product within the One Click Life platform.

Following the success of this first-phase product trial, the Company will now move into commencing the build of its digital mortgage brokering offering, utilising data to assist customers and financial institutions to both simplify and speed up the process of applying for a mortgage.

One Click Group Limited | ACN 616 062 072 | Suite 5 CPC, 145 Stirling Highway, Nedlands, WA 6009

According to the Mortgage & Finance Association of Australia, mortgage brokers facilitated 69.5% of all new residential mortgages in Australia in the March 2022 quarter, a total of $88.1b of mortgage debt.

The Company expects to launch the One Click Mortgages product in the coming quarter. Once the product is built, the Company will make an initial upfront fee from facilitating a mortgage and then an ongoing trail commission thereafter. The revenue opportunity for the Company could therefore be quite lucrative as it already has over 60,000 registered users that One Click Mortgages can be marketed to.

The One Click Mortgages product will build on the Company’s ability to digitise financial services. Using data, the product will aim to streamline and simplify the mortgage application process in a digitised format.

Managing Director Mark Waller commented “Our customers are used to using our products on an anytime, anywhere basis. Almost all of our customers use our products on their mobile phone. Our ability to use a customer’s data to tailor and simplify an experience in a mobile first format allows for the simplified buying experience demanded by consumers.”

“Entering the mortgage brokering market provides the Company the opportunity to tap into a large market opportunity while providing a simple experience for our customers. We have proven a demand for finance from our user base with our Loan Pack service offering, and we are excited by the ability to convert this demand into brokering the finance for our customers.”

This ASX Announcement has been authorised for release by the Board.

For further information please contact:

One Click Group Limited

T: + 61 8 9389 3160

E: mark@oneclicklife.com.au W: www.oneclickgroup.com.au www.oneclicklife.com.au

About One Click Group

One Click Life is a fast-growing Western Australian based financial technology platform positioned to disrupt and capitalise on the increasing market demand for online self-directed financial and life admin services.

==> picture [144 x 47] intentionally omitted <==

The Company’s primary product and revenue stream at the moment is online tax. The One Click Life platform currently contains a number of other products for users, with online wills and private health insurance already available and a number of new products to come in the future. The One Click Life platform aims to be the one stop shop for everyday Australians who want to manage their financial life admin across, tax, wills, insurance, mortgages, investing and more.

One Click Group Limited | ACN 616 062 072 | Suite 5 CPC, 145 Stirling Highway, Nedlands, WA 6009