ORCODA LIMITED — Earnings Release 2016

May 10, 2016

SmartTrans’ Strong Revenue Result Continues in Current Quarter

SmartTrans Holdings Limited ASX: SMA

An Australian based Technology Solutions Company

April revenue of approximately $1 million with YTD revenue of $9.69 million – already up 126% from previous full year revenue result ($4.25 million)

Monthly revenue stronger after traditionally quieter Chinese New Year period

Revenue contributions from new third party billing agreements starting to contribute to revenue in the current quarter and cash receipts in future quarters

Corporate Structure:

Shares on issue: 2215 M Unlisted Options: 166 M Market Cap: $AUD 71M 52 week high: 7.1 cents 52 week low: 2.2 cents

Directors:

Mr Mark Vaile AO Non-Executive Chairman

Mr Bryan Carr CEO & Managing Director

Mr Andrew Forsyth Non-Executive Director

Mr Yui (Ian) Tang Non-Executive Director

Mr Greg Simpson Non-Executive Director

Mr Ian Hawkins Executive Director

Melbourne Office: Level 1, 10 Queens Road Melbourne VIC 3004 Australia

Beijing Office: Room 101 Building 22 Courtyard 4 Gong Ti Bei Lu Chaoyang District Beijing 100027 PR China

Phone (Aus): +61 (03) 9866 7333 Phone (China): +86 (10) 6500 0910 Website: www.smarttransholdings.com.au Twitter: www.twitter.com/SmartTrans_SMA Youtube: https://youtu.be/-1t_yJe1DBA

SmartTrans well funded with combined $4.3 million of cash at bank and net receivables (as reported 29 April 2016)

11 May 2016: SmartTrans Holdings Limited (ASX: SMA) (SmartTrans or Company) is pleased to confirm that it has commenced the FY2016 fourth quarter strongly with the Company recording revenue of approximately $1 million for April taking the company’s year-to-date revenue to $9.69 million, already surpassing the full previous financial year revenue total by 126%.

SmartTrans expects that revenue in the current quarter will exceed that of the prior quarter as the volume of transactions returns to its expected level after the traditionally quieter Chinese New Year period.

SmartTrans is witnessing good retention of users for its mobile content from Chinese consumers as the range of content transacted through SmartPay widens. Whilst games, news, and financial information make up the bulk of content sold through SmartPay, revenue from new third party content sales and distribution agreements is expected to deliver revenue into FY2017.

SmartTrans also confirms that it is well funded with $4.3 million in cash and net receivables.

Managing Director Bryan Carr commented: “The fourth quarter has started well for SmartTrans as the volume of transactions returns to normal levels. We are now focusing on ramping up marketing activities in new provinces and ensuring that we drive revenue growth from recently signed third party content distribution agreements.

“SmartTrans has invested heavily in marketing initiatives where it actively promotes content to Chinese consumers and collects payment through the telcos. The heavy investment made in marketing in the December quarter is expected to generate meaningful monthly revenue from this quarter onwards. Typically, however, there is a 90 to 120-day lag between the marketing spend and the resultant receipt of the cash.”

“SmartTrans is well funded and expects to generate solid revenue during the current quarter. Bringing new content to the SmartPay platform is our priority and a catalyst to grow our underlying recurring revenue base. We look forward to updating shareholders in the near term in this regard.”

– ENDS –

Integrity / Innovation / Inspiration / Information

==> picture [196 x 73] intentionally omitted <==

==> picture [576 x 12] intentionally omitted <==

For further information please contact:

Bryan Carr Managing Director AUST: +61 412 111 968 CHINA: +86 138 1188 8401 Media inquiries to: Ben Jarvis, Six Degrees Investor Relations: +61 413 150 448

About SmartTrans (https://youtu.be/-1t_yJe1DBA)

SmartTrans Holdings Limited (ASX: SMA) is a leading Australian technology and software provider that has developed a mobile and online billing and payment platform for the China market. The company has agreements in place with China Mobile, China Unicom, China Telecom, UnionPay and Alipay. With the growing use of the smartphone as a billing device in China, the company is experiencing significant uptake of its technology in that market. SmartTrans has also developed cutting-edge proprietary logistics software which is used by some of Australia’s leading blue-chip organisations who have long term contracts in place with the company. SmartTrans is assessing growth opportunities for its logistic offering in China to complement its mobile and online payments platform.

Integrity / Innovation / Inspiration / Information