QORIA LIMITED — Capital/Financing Update 2021

Jun 30, 2021

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FAMILY ZONE COMPLETES DEAL TO ACQUIRE INNOVATIVE CLASSROOM TECHNOLOGY BUSINESS

Family Zone is pleased to advise that, further to its announcement on 25 June 2021, the Company has signed a binding agreement to acquire an innovative US based classroom management technology business (the Sale Agreement ).

Highlights

• The Company has completed an agreement to acquire an innovative US based classroom technology business.

• The acquisition offers the Company an additional ~250,000 student licences plus access to an innovative product and specialist and highly relevant technical and sales expertise in the US.

• The transaction aligns with Company strategy for acquisitive growth where opportunities provide access to complementary capability or distribution.

Back round g

The business is a relatively new entrant into the US K-12 online safety market and their innovative cloud managed classroom tool has rapidly filled a niche in the US market. In less than 12 months it has built a customer base in excess of 250,000 students and has in excess of 450,000 students on the platform.

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What is of key interest to the Company is the capability of the product and the technical support and sales team behind it, importantly all based in the East coast of the US .

Strate ic Rationale g

The proposed acquisition aligns perfectly to the Company's growth strategy. The proposed acquisition:

• Provides the Company with access to a premium classroom management tool, for sale alongside or independent to its Linewise offerings.

• Provides access to engineering expertise in technology domains key to the Company's success.

• Establishes a core engineering capability in the US, offering the potential for a more responsive development cycle for our US customers.

• Expands the Company’s sales capability with an established east coast enterprise sales team.

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• ● Immediately increases the Company's student base by approximately 10 %.

A reement Details g

The Sale Agreement is on the same key terms as the indicative letter of intent which were summarised in the Company’s ASX announcement on 25 June 2021. The Company confirms that the total number of consideration shares that can be issued under the Sale Agreement has been capped at 5,500,000 fully paid ordinary shares.

The Company is unable to forecast the potential revenues from the agreement however the Company considers it to be a strategically important acquisition for the Company as outlined above and in its announcement on 25 June 2021.

This announcement was made on 1 July 2021 and was authorised by the Board of Family Zone Cyber Safety Limited.

About Famil Zone y

Family Zone, supporting and protecting every child’s digital journey, is an ASX-listed technology company and an emerging leader in the fast growing global cyber safety industry. Family Zone’s unique innovation is its patented cyber safety ecosystem, a platform enabling a world-first collaboration between schools, parents and cyber safety educators. Family Zone’s unique approach is delivering rapid growth in the education sector, as well as through direct sales and scalable reseller arrangements with telco providers.

1 Based on the 250k students to be acquired as part of the NetRef business. The Company currently has approximately 2m contracted students

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To learn more about the Family Zone platform and the Company please visit www.familyzone.com.

Contacts

Tim Levy Managing Director timl@familyzone.com +61 413 563 333

Tim Dohrmann Investor Relations tim@nwrcommunications.com.au +61 468 420 846

Family Zone Cyber Safety Ltd 945 Wellington Street West Perth, WA 6005

Ends.

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