ROOLIFE GROUP LTD — Capital/Financing Update 2016

Nov 14, 2016

Registered Office: Suite 8, 7 The Esplanade, Mt Pleasant, WA 6153, Australia

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11 November 2016

UPDATED PRO-FORMA STATEMENT OF FINANCIAL POSITION

The following is an updated Pro-Forma Statement of Financial Position for OpenDNA Limited based on the actual $8,000,000 raised pursuant to the Initial Public Offer under the Replacement Prospectus dated 6 October 2016.

			Actual Funds Raised pursuant to the Initial Public Offer2
	Reviewed 1 July2016	Subsequent Events1		Pro-Forma (un-audited)
	$	$	$	$
Current Assets
Cash and cash equivalents	10	1,489,051	7,246,710	8,735,771
Receivables	-	24,954	-	24,954
Other current assets	-	81,297	-	81,297
Total Current Assets	10	1,595,302	7,246,710	8,842,022
Non-Current Assets
Property, plant and equipment	-	8,289	-	8,289
Intangible assets	-	4,637,092	-	4,637,092
Total Non-Current Assets	-	4,645,381	-	4,645,381
TOTAL ASSETS	10	6,240,683	7,246,710	13,487,403
Current Liabilities
Trade and otherpayables	-	19,772	-	19,772
Total Current Liabilities	-	19,772	-	19,772
Non-Current Liabilities
Deferred tax liability	-	2,558	-	2,558
Total Non-Current Liabilities	-	2,558	-	2,558
TOTAL LIABILITIES	-	22,330	-	22,330
NET ASSETS	10	6,218,353	7,246,710	13,465,073
EQUITY
Issued capital	10	6,418,353	7,134,359	13,552,722
Reserves	-	-	112,351	112,351
Accumulated losses	-	(200,000)	-	(200,000)
TOTAL EQUITY	10	6,218,353	7,246,710	13,465,073

1 Subsequent events including the acquisition of OpenDNA (UK) Limited by the issue of 48,483,530 ordinary fully paid shares at 10 cents per share and the issue of 15,600,000 ordinary fully paid shares at 10 cents per share to seed investors.

2 Cash received from the issue of shares pursuant to the offer is net of costs associated with the offer.

www.opendna.ai

Registered as: OpenDNA Limited ACN: 613 410 398