OVANTI LIMITED — Proxy Solicitation & Information Statement 2023

Sep 5, 2023

IOUPAY LIMITED (ASX: IOU) (ACN 091 192 871)

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C/- Prime Company Compliance Level 16, 414 La Trobe Street Melbourne VIC 3000 Tel: 1300 000 481 Website: www.iou-pay.com Email: enquiries@ioupay.com

6 September 2023

Dear Shareholder,

IOUpay Limited ACN 091 192 871 (the Company ) wishes to advise shareholders that it will be convening an Extraordinary General Meeting ( EGM ) at 10am AEDT on Friday, 6 October 2023.

The meeting will be held at Level 14, 60 Martin Place, Sydney NSW 2000.

Shareholders are strongly encouraged to lodge their proxy vote by 10am AEDT on 4 October 2023 (Proxy Deadline) and in accordance with the instructions set out on the Proxy Form.

The Notice of Extraordinary General Meeting and Explanatory Statement is now available for download at:

• https://www.asx.com.au/ or

• from the Company’s website https://www.iou-pay.com .

If you are unable to attend, you may wish to email any questions you want answered at the EGM by emailing them to: enquiries@ioupay.com on or before 5pm AEST on Friday, 29 September 2023.

As per listing rule requirements, all resolutions will be decided by way of a Poll. The Poll will be conducted based on votes submitted by proxy prior to the Proxy Deadline and by shareholders who submit their Poll votes in-person on the day of the EGM.

The Board looks forward to welcoming you to the EGM, and again, encourage you where possible to lodge your proxy votes beforehand by 10am AEDT on 4 October 2023.

Yours faithfully

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David Halliday

Chairman