ORCODA LIMITED — Capital/Financing Update 2020

Jan 16, 2020

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Orcoda Limited Unit 312, 434 St Kilda Road, Melbourne, Vic, 3004 Australia Tel +61 3 9866 7333 www.orcoda.com

17 January 20 20

Company Announcements Platform ASX Limited Level 4, Exchange Centre 20 Bridge Street Sydney NSW 2000

Dear Sir/Madam,

Re: Disclosure Notice Under Section 708A(5)(e) of the Corporations Act 2001 (Cth)

Orcoda Limited (Orcoda)(Company) gives notice under section 708A(5)(e) of the Corporations Act 2001 (Cth) ( Corporations Act ) as follows:

• (a) On 17 January 20 20 , the Company issued 12,000,000 unlisted options, with exercise price of $0.50 per option, and expiry date of 17 January 202 3 ( Offer Securities ).

• (b) the Offer Securities were offered for issue without disclosure to investors under Part 6D.2 of the Corporations Act and without a Product Disclosure Statement for the Offer Securities being prepared;

• (c) As at the date of this notice the Company has complied with:

  • (i) the provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

  • (ii) section 674 of the Corporations Act as it applies to the Company

• (d) as at the date of this notice, there is no excluded information of the type referred to in subsections 708A(7) and 708A(8) of the Corporations Act.

For and on behalf of the Board.

Julian Rockett

Company Secretary

For more information please contact:

Geoffrey Jamieson, Managing Director +61 3 9866 7333, info@orcoda.com