ORCODA LIMITED — Capital/Financing Update 2022

May 15, 2022

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Orcoda Limited Unit 305, 434 St Kilda Road, Melbourne, Vic, 3004 Australia Tel +61 3 9866 7333 www.orcoda.com

16 May 2022

ASX ANNOUNCEMENT – ORCODA LIMITED (ASX: ODA)

ORCODA COMPLETES SHARE PURCHASE PLAN

Orcoda Limited (ASX: ODA) ( Orcoda or the Company ) has closed the 11 May 2022. Share Purchase Plan ( SPP ) having raised $557,700 at the same price as the $700,000 share placement announced on 6 April 2022 ( Placement ).

As the result after the relevant rounding has been applied, 4,647,459 fully paid ordinary shares will be issued to Orcoda shareholders ( SPP Shares ).

In total, Orcoda has raised approximately $1.25 million from the Placement and SPP. The funds will support growth in Orcoda’s healthcare transport operations, investment in other core businesses and for general working capital.

The SPP Shares will be issued on Tuesday, 17 May 2022 and are expected to commence trading on ASX on Wednesday, 18 May 2022. Holding statements are to be dispatched to SPP subscribers in the form of an update statement. SPP Shares when issued shall rank pari passu with the Company’s other ordinary shares.

Shareholders with any questions in relation to the SPP may contact Offer Information Line on 1300 855 080 (within Australia) or +61 3 9415 4000 (outside Australia) between 8.30 am and 5.00 pm (Perth time) on Monday to Friday.

This ASX release is authorised by the Board of Orcoda Limited.

For more information please contact:

Company Geoff Jamieson Managing Director E: gjamieson@orcoda.com	Advisors on SPP Kevin Xu Fresh Equities E: kevin@freshequities.com

ABOUT ORCODA

Orcoda Limited (ASX: ODA) is a leading provider of smart technology solutions for transport logistics and transport services with expertise in business efficiency and optimisation of processes. We are operational efficiency specialists who supply best-in-class solutions

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combining technology, management expertise and contracting services that make our clients among the most productive and cost-effective organisations in their respective industries.

Our clients come from a diverse array of industry sectors and include some of Australia’s largest companies operating in the resources (mining, oil & gas and infrastructure), transport logistics and healthcare transport sectors.

Orcoda’s combined expertise is focused on three key sectors of transport logistics technology and transport services: road, rail and air. We pride ourselves on enabling our clients to generate fast, accurate and reliable information, ensuring they are able to make the best business decisions the first time, every time and on time.

www.orcoda.com