READCLOUD LIMITED — Share Issue/Capital Change 2020

Jan 12, 2020

ASX Release

13 January 2020

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Notification of Release of Securities from Escrow

Readcloud Limited (ASX: RCL) wishes to advise that the following restricted securities will be released from ASX imposed escrow on 7 February 2020, in accordance with ASX Listing Rule 3.10A:

• 43,574,909 Fully Paid Ordinary Shares; and

• 3,333,332 Options exercisable at $0.30 (30 cents), expiring 30 November 2020.

• Ends –

CONTACTS: Investors & Media:

Luke Murphy, Chief Financial Officer +61 409 933 924

About ReadCloud Limited

ReadCloud is a leading provider of software solutions, including eBooks, to Schools and the Vocational Education and Training sector in Australia. ReadCloud’s proprietary eBook reader delivers digital content to students and teachers with extensive functionality, including the ability to make commentary in, and import third party content into eBooks.

Students and teachers can share notes, questions, videos and weblinks directly inside the eBooks turning the eBook into a place for discussion, collaboration and social learning, substantially improving learning outcomes. ReadCloud sources content for its solutions from multiple publishers so that together with its Reseller Channel Partners, ReadCloud is able to deliver the Australian school curriculum in digital form in all States, on one platform.

ReadCloud also provides digital Vocational Education and Training (VET) course materials and services to schools through its subsidiary Australian Institute of Education and Training (AIET), which offers over 40 VET courses and Auspicing services to schools across Australia.

This announcement is authorised for release to the market by the Board of Directors of ReadCloud Limited.

Readcloud Limited | 284 Bay Street, Brighton, Victoria, 3186 P +61 3 9078 4833 | W www.readcloud.com ABN 44 136 815 891