PENTANET LIMITED — Investor Presentation 2021

Dec 19, 2021

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20 December 2021

DISCLAIMER

IMPORTANT: You must read the following before continuing.

Summary information in relation to Pentanet Limited.

This presentation contains summary information about Pentanet Limited (ACN 617 506 279) (“Company”), its subsidiaries and their activities which is current as at the date of this presentation, unless otherwise indicated. The information in this presentation remains subject to change without notice, and the Company is not responsible for updating, nor does it undertake to update, it.

Industry data - Certain market and industry data used in connection with or referenced in this presentation, including in relation to other companies in the Company’s peer group, may have been obtained from public filings, research, surveys or studies made or conducted by third parties, including as published in industry-specific or general publications. Neither the Company nor its advisors or their respective representatives, have independently verified any such market or industry data.

Not financial product advice - This presentation, and the information provided in it, does not constitute, and is not intended to constitute, investment or financial product advice (nor tax, accounting or legal advice). This presentation should not be relied upon as advice to investors or potential investors and has been prepared without taking account of any person’s individual investment objectives, financial situation or particular needs. Any investment decision should be made based solely upon appropriate due diligence. Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own investment objectives, financial situation and needs and seek legal, accounting and taxation advice appropriate to their jurisdiction. Recipients of this presentation are advised to consult their own professional advisers. An investment in the Company is subject to significant risks, both known and unknown and including (without limitation) risks of loss of income and capital. A number of risks are beyond the control of the Company.

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Indications of, and guidance on, future performance are also forward-looking statements, and include statements in this presentation regarding expected or indicative costs, indicative revenues, indicative outputs and anticipated dates. To the maximum extent permitted by law, the Company, its advisors and their respective directors, officers, employees, advisers, agents and intermediaries (together, “Relevant Parties”) disclaim any obligation or undertaking to release any updates or revisions to the information to reflect any change in expectations or assumptions, or any change in events, conditions or circumstances on which any such information or statement is based. Nothing in this presentation will, under any circumstances (including by reason of this presentation remaining available and not being superseded or replaced by any other presentation or publication with respect to the Company or the subject matter of this presentation), create an implication that there has been no change in the affairs of the Company since the date of this presentation.

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Investment risk - As noted above, an investment in the Company’s securities is subject to investment and other known and unknown risks, a number of which are beyond the control of the Company. The Company (nor its related bodies corporate) does not guarantee any particular rate of return or the performance of the Company, nor does it guarantee the repayment of capital from the Company or any particular tax treatment. Prospective investors should make their own enquiries and investigations regarding all information in this presentation, including but not limited to the assumptions, uncertainties and contingencies which may affect future operations of the Company and the impact that different future outcomes may have on the Company.

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Page 2 INVESTOR UPDATE

TRANSACTION OVERVIEW

• Pentanet has acquired a 13.4% stake in CANOPUS for $4m in cash. Pentanet will be the largest shareholder in CANOPUS behind IP Group.

• CANOPUS is a market leader in providing deep application-aware network visibility using Artificial Intelligence and Programmable Networking. It combines Programmable Networks with Machine Learning to enable deep visibility into network traffic, in real-time, at terabit scale, and for low cost.

• Pentanet has executed an MOU to enter a strategic partnership with CANOPUS including a commitment to invest $1.5M of CANOPUS funds in the development of a consumer facing gaming loyalty and reward program that will fully exploit Canopus’ real-time gaming analytics capability.

• The partnership will enable exclusive co-development of Pentanet's unique gamified telecommunications and gaming loyalty platform, Cloud.GG, using CANOPUS’ analytics technology.

• Designed by Pentanet as a gamified rewards system, the Platform will use CANOPUS analytics for deep insight into network traffic to offer a unique network loyalty and incentive program.

• The partnership is consistent with Pentanet's strategy to create additional revenue generating opportunities by further developing the Cloud.GG portal into a gamified network loyalty, rewards and incentive program

• The transaction will be funded from Pentanet’s existing cash reserves and is expected to complete on or around 24 December 2021. The Pentanet capital raising on 18 June 2021 allocated $4m towards further Cloud.GG software development and Pentanet.GG gaming opportunities.

• Pentanet is entitled to appoint one director to the CANOPUS board while it holds at least a 10% stake in CANOPUS. Mr Stephen Cornish has provided CANOPUS with his consent to act as director of CANOPUS.

Page 3 INVESTOR UPDATE

ONGOING STRATEGY (continues)

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GROW OUR SUBSCRIBER BASE

• ⬟ Introduce new technology to increase on-net coverage

• ⬟ Deliver high-quality customer experience

EXPAND NETWORK INCREASING POTENTIAL MARKET

• ⬟ Deployment of large-scale mmWave wireless telecommunications network

• ⬟ Increase available speeds to 1Gbps for more fixed wireless customers

• ⬟ Line of sight to tower no longer required for every subscriber

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INCREASE $ MARGINS

• ⬟ Attract more off-net subscribers to higher margin on-net services

• ⬟ Diversify product offering (VOIP, consumer electronics)

• ⬟ NVIDIA GeForce NOW Alliance Member bringing cloud gaming service to Australia

• ⬟ Continue development of premium brand for alignment to speed and quality

• ⬟ Limit churn

• ⬟ Customers become advocates

• ⬟ Increase market penetration with greater fixed wireless coverage across Perth metro area

• ⬟ Competitive service offering

• ⬟ Targeted marketing and media strategy

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Page 4 INVESTOR UPDATE

ABOUT CANOPUS NETWORKS

CANOPUS Networks combines Programmable Networks (software-defined networking, SDN) with Machine Learning to enable deep visibility into network traffic, in real-time, at terabit scale, and for low cost.

What's the mission of CANOPUS Networks?

CANOPUS aspires to be embedded in all networks – Telcos, Enterprises, National Infrastructure, and Governments – to make all data-in-motion indexable and searchable, in real-time, at Terabit speeds, across billions of endpoints; all with very low deployment cost and effort.

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FOUNDERS
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BOARD
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Kevin Bloch
Advisor
● Former Chief Technology Officer (CTO)
for Cisco Australia and NZ for over
twelve years.
● Previously leading Engineering across
Cisco’s entire technology portfolio.
ADVISORS
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Vijay Sivaraman Co Founder & CEO

Himal Kumar Co Founder & CTO

Genevieve Gregor Advisor

• Software Engineering adept

• Professor & Inventor

• Former Chief Technology Officer (CTO) for Cisco Australia and NZ for over twelve years.

  • Over 25 years’ experience in various investment, commercial and finance roles across banking, private and public companies.

• SDN and AI/ML expert

• Silicon valley startup experience

• Skilled leader in open-source technology R&D

• Commercial projects with Google, Cisco, HPE, Optus, etc.

• Previously worked at Goldman Sachs, Citigroup and Glencore.

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Paul Barrett
Director
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David Spence
Chairman
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Rob Appel
Director
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Hakan Eriksson
Director
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• 20+ internet-related businesses as Chairman, CEO, Director. ● Entrepreneur, investor and executive of 20+ years.

• Experienced technology executive, working at the cutting edge of science and engineering for two decades.Experience in supporting early-stage

• Former CEO of OzEmail

• Industries include telecommunications, ● Globally experienced technology leaderwith deep Telco expertise ● and engineering for two decades.Experience in supporting early-stage online media & marketing, ecommerce, ● Former CEO of Ericsson Australia technology to large multinationals. fundraising and more. ● Former CTO for Telstra.

• Former Chairman of PayPal Australia

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Page 5 INVESTOR UPDATE

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Actionable analytics across your network.

Terabit-scale AI platform for application and network performance analytics.

Actionable reports to grow your business.

With our detailed analysis, you can easily access reports and dashboards that capture the complete activity of your network and track changes.

“The FlowPulse technology does for encrypted traffic on a network what Shazam does for music, offering deep visibility to identify and the opportunity to reward user activity.”

– Stephen Cornish, Pentanet

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Page 6 INVESTOR UPDATE

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CloudGG

Developed by Pentanet, the current Cloud.GG Portal is a centralised user management and analytics program designed to assist with cloud gaming onboarding.

Pentanet plans to further develop the Cloud.GG Platform to a unique gamified telecommunications and gaming loyalty platform, using the CANOPUS’ FlowPulse technology.

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Internet User
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Does stuff online.
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EXAMPLE ONLINE ACTIVITIES
Watches Latest Series Streams 2+ Hours
Video Conference Plays New Game Release
FlowPulse
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Cloud.GG

Data plugs in to Cloud.GG – creates gamified network with gaming loyalty and rewards platform to create our new telco meta currency.

Machine Learning enables deep visibility into network traffic, in real-time.

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Page 7 INVESTOR UPDATE

THANK YOU

2/8 Corbusier Place Balcatta WA

+61 8 9466 2672 investors@pentanet.com.au

pentanet.com.au/investor-centre ASX: 5GG

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