OVANTI LIMITED — Capital/Financing Update 2021

Feb 18, 2021

IOUPAY LIMITED (ASX: IOU) (ACN 091 192 871) Suite 305, Level 3, 35 Lime Street, Sydney NSW 2000 Tel: (02) 8296 0000 Website: www.iou-pay.com

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19 February 2021

ASX Announcements Office

Cleansing Statement

IOUpay Limited ( IOU or the Company ) (ASX:IOU), advises that the Company has today issued a total of 855,000 Fully Paid Ordinary Shares (the Securities ) without disclosure to the recipients under Part 6D.2 of the Corporations Act 2001 (Cth) (the Corporations Act ) upon conversion of 855,000 options at $0.04 per share.

The Company hereby gives notice under Section 708A(5) of the Corporations Act that:

• (a) The Company has issued the Securities without disclosure to the recipients under Part 6D.2 of the Corporations Act;

• (b) as at the date of this notice, the Company has complied with the provisions of:

• a. Chapter 2M of the Corporations Act as they apply to the Company; and

• b. Section 674 of the Corporations Act; and

• (c) as at the date of this notice there is no information

• a. that has been excluded from a continuous disclosure notice in accordance with the ASX Listing Rules; and

• b. that investors and their professional advisers would reasonably require for the purpose of making an informed assessment of:

  • i. the assets and liabilities, financial position and performance, profits and losses and prospects of the body; or

  • ii. the rights and liabilities attaching to the relevant securities

to the extent to which it is reasonable for investors and their professional advisers to expect to find the information in a disclosure document.

The release of this announcement was authorised by the Board of the Company.

Yours faithfully,

IOUpay Limited

Jarrod White Company Secretary

Media Enquiries:

Melissa Hamilton Media & Capital Partners melissa.hamilton@mcpartners.com.au

Sydney Singapore Jakarta Yangon Kuala Lumpur

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About IOUpay (ASX:IOU):

IOUpay Limited (ASX:IOU) provides fintech and digital commerce software solutions and services that enable its institutional customers to securely authenticate end-user customers and process banking, purchase and payment transactions.

The Company’s core technology platform enables large customer communities to connect to end user customers using any mobile device and integrate mobile technology throughout their existing business and customer product offerings. The Company’s business divisions consist of Mobile Banking, Digital Payments and Digital Services which service leading domestic and international banks in Malaysia and large telco’s and corporates in Malaysia & Indonesia. IOUpay also works with telecommunication network providers to provided mobile OTT (over-the-top) services that leverage their subscriber base to build active communities.

Sydney Singapore Jakarta Yangon Kuala Lumpur

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IOUpay Limited (ASX:IOU) (ACN 091 192 871) www.iou-pay.com