ORCODA LIMITED — Capital/Financing Update 2023

Feb 8, 2023

==> picture [264 x 91] intentionally omitted <==

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

9 February 2023

ASX ANNOUNCEMENT – ORCODA LIMITED (ASX: ODA)

SaaS Workforce Management Contract with Kestrel Coal

Orcoda Limited (ASX: ODA) (‘ Orcoda ’ or ‘ the Company’ ), the logistics optimisation and infrastructure services company, is pleased to announce that its wholly-owned subsidiary Orcoda Resource Logistics signed a SaaS contract with Kestrel Coal Pty Ltd ( ‘Kestrel Coal’ ).

Kestrel is one of the world’s largest producing underground metallurgical coal mines that produces around 7 million tonnes of metallurgical coal annually. The mine is located in the Bowen Basin, 51km Northeast of Emerald in Central Queensland, Australia.

The Orcoda Workforce Logistics System ( ‘OWLS’ ) provides a tailored solution to manage and oversee the workforce accommodation of Kestrel Coal’s 700-strong employees and contractors on-site to enhance automation, efficiency and compliance.

The SaaS contract is for an initial term of three years and the expected revenue is made up of an initial implementation fee plus a monthly license fee with a contract value of $255,000 (inc GST) which could increase if Kestrel Coal later adopts additional features from the OWLS platform.

Geoff Jamieson, Orcoda Managing Director said; “ We are delighted to offer a solution to Kestrel Coal for managing and optimising their workforce accommodation on site. Our OWLS platform was specifically developed to manage mobile workforces in people-intensive industries that involve significant remote workforce management procedures, which are manually intensive at present. This means there is often limited visibility in the onboarding-to-roster cycle and between different teams within an organisation. Orcoda believes our software and contracting expertise will deliver significant benefits to Kestrel Coal and other similar companies in the natural resources/infrastructure industries.”

For more information, please contact:

Company:

Geoff Jamieson

Managing Director E: gjamieson@orcoda.com

-ENDS-

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

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

==> picture [264 x 91] intentionally omitted <==

operational efficiency specialists who supply best-in-class solutions 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 are 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 the three key sectors of transport logistics technology and transport services whether on road, rail or 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.

Please sign up to our Interactive Investor Hub https://investorhub.orcoda.com/ for our Company announcements, receive updates and interact with Orcoda management.

www.orcoda.com