PAINCHEK LTD — Capital/Financing Update 2018

Mar 26, 2018

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27[th] March 2018

PainChek Limited ( ASX: PCK ) ABN 21 146 035 127 Suite 401, 35 Lime Street, Sydney, NSW, 2000 Registered Office: Suite 5, 95 Hay Street Subiaco WA 6008 info@paincheck.com

PainChek signs commercial agreement with leading ANZ software system provider Health Metrics

Highlights:

• Commercial agreement with Health Metrics, a market leader in providing software solutions to the Health and Aged Care markets in Australia and New Zealand.

• Provides easy access to PainChek and the benefits of full integration for those Aged Care Facilities using Health Metrics eCase management software system.

• PainChek and Health Metrics will also collaborate to market the PainChek App to customers of Health Metrics in Australia.

The PainChek™ App improves a patient's quality of life by providing to caregivers real-time, point of care diagnostic information, utilising artificial intelligence and facial recognition technology, to detect facial expressions and modalities that indicate the presence of pain.

Health Metrics owns, operates and licences access to the eCase software solution designed to document clinical data and improve the efficiency of the operations of healthcare providers including the Residential Aged Care (RAC) market in Australia and overseas.

The two companies will now collaborate through the integration of the PainChek App within the eCase Platform and the co-promotion of the integrated service to healthcare providers and caregivers commencing with the Australian Residential Aged Care sector.

Philip Daffas CEO of PainChek commented “the Health Metrics eCase platform is a market leading Enterprise Solution for the Residential, Retirement Living, Home Care and Disability sectors. The integration of the PainChek™ App will provide consumers with easy access to PainChek and the benefit of full automation and integration of pain assessment results within their Clinical Management Systems (CMS). This can help RAC Providers produce better care outcomes; reduce costs and duplication of effort; comply with regulatory standards for pain management; and capture associated revenues.”

Health Metrics CEO, Steven Strange added “the PainChek™ App has been received positively by the RAC community. Health Metrics are committed to providing our customers with best in class technology and welcome PainChek to our eCase platform.”

The PainChek™ App and eCase integration process commences immediately and will be made commercially available to all Health Metrics customers during Q2 2018.

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For further information contact:

Ian Hobson Company Secretary Tel: +61 8 9388 8290

Philip Daffas Managing Director Tel: +61 406-537-235

The PainChek™ Technology:

PainChek™ uses cameras in smartphones and tablets to capture a brief video of the person, which is analysed in real time using facial recognition software to detect the presence of facial micro- expressions that are indicative of the presence of pain.

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PainChek™ artificial intelligence assesses facial microexpressions that are indicative of the presence of pain

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PainChek™ six domains of pain assessment that calculates pain severity score

This data is then combined with other indicators of pain, such as vocalisations, behaviours and movements captured to calculate a pain severity score. Due to its speed, ease of use and it’s reproducibility, PainChek™ will be able to be used to detect and measure a person’s pain, and then further measurements can be used to monitor the effectiveness of pain management.

PainChek™ will be rolled out globally in two phases: first, PainChek™ which is designed for adults who are unable to effectively verbalise their pain such as people with dementia, and second, PainChek™ for Children who have not yet learnt to speak.

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Health Metrics Pty Ltd

Health Metrics is a leading provider of software solutions to the health and aged care sector. Their enterprise software solution, eCase® , is an end-to-end enterprise system that supports the functions of Retirement Villages, Residential Aged Care and Home Care for customers of any size.

Health Metrics designed eCase to put people first, following a resident centric model for care. The software provides carers with an easy to use, intuitive program that mitigates risk and provides superior resident outcomes. The software ensures that, from a care and administrative perspective, nothing is ever missed, overlooked or forgotten.

eCase is also designed with a Single Client Record system, that means that as clients move from Home Care, into another form of care, their clinical care records move with them, irrespective of their status, location or services. Whether Home Care, Retirement Living, or Residential Care, eCase caters for all permutations.

Health Metrics founded in 2008, is an innovative and forward-looking organization, backed by founders with extensive knowledge of IT, aged care metrics, and clinical care.

eCase is designed with the ability to ensure security, stability and scalability over the longterm; making it the number one choice of key leaders in the provision of quality aged care.

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