SPENDA LIMITED — Capital/Financing Update 2015

Mar 10, 2015

Motopia Limited ABN 67 099 084 143 Level 10, 446 Collins Street Melbourne VIC 3000 t +61 3 8678 1746 f +61 3 8678 1747

11 March 2015

**ASX

Announcement**

**Repayment

of CU2 Global Pty Ltd loan to Motopia**

The Board of Motopia Limited (‘Motopia’ or ‘Company’) is pleased to announce that it has received notification from CU2 Global Pty Ltd (CU2G) that CU2G will repay $500,000 of a $785,000 loan payable to Motopia Limited.

The $500,000 is expected to be received by Motopia within the next 2 weeks.

CU2G is currently conducting a capital raising, where it will raise up to $825,000, of which $500,000 will be used to repay funds to Motopia.

As a result of the CU2G capital raising, Motopia’s interest in CU2G is expected to decrease to approximately 20% to 30%.

Following receipt of the $500,000, the payment terms of the $285,000 balance of the loan payable to Motopia will be extended and is expected to be repaid by CU2G in approximately 12 months and be funded by CU2G revenue generated over the next 12 months.

It is anticipated Motopia will use the initial $500,000 received from the loan repayment for working capital purposes and to further invest in the development of the Company's online platform, which has been commercially deployed via the cloud (www.convertu2online.com).

The Company’s 2SQL software is capable of automatic migration and conversion of Microsoft Access Applications and Databases to Microsoft SQL Server. The cloud offering far extends the capability of the 2SQL platform, allowing businesses in any part of the world to upload their Microsoft Access Applications to the cloud platform, run the 2SQL cloud application and download the converted solution to either an on premise environment or to another private Windows Azure Portal. This will give Motopia the reach and the capacity to scale the 2SQL software to make possible the conversion of thousands or even hundreds of thousands of Microsoft Access Applications yearly.

**About

CU2 Global, ConvertU2 Technologies and 2SQL**

CU2G is the exclusive global distributor for ConvertU2 Technologies 2SQL Software (“2SQL”). CU2G has the worldwide exclusive rights to market and deliver 2SQL and, as previously announced, Fujitsu have entered a Global partnering agreement with CU2G.

CU2G provides the technology for businesses looking to simplify their existing data management systems, reduce the costs of operating those systems and enable implementation in a Cloud environment (previously inaccessible).

Motopia Limited ABN 67 099 084 143 Level 10, 446 Collins Street Melbourne VIC 3000 t +61 3 8678 1746 f +61 3 8678 1747

ConvertU2 Technologies is an Australian based company and world leader in the automated conversion and migration of Microsoft Access Applications & Databases to Microsoft SQL Server. Its 2SQL program is considered the panacea for automating the migration of Microsoft Access to the SQL Server platform.

2SQL’s automation capability consistently delivers not less than 95% and up to 100% conversion completion outcome. Importantly, 2SQL also provides significant journaling and detail to aid developers engaged in the residual 3% -­‐ 5% manual clean-­‐up effort.

The impact on businesses of the 2SQL automation program is to reduce conversion costs and effort, with projects timelines typically cut by up to 70% and costs by up to half, and in many cases much more.

**About

Motopia Limited**

Motopia Limited (ASX: MOT) is an ASX listed technology and media company.

Motopia has equity interests in CU2 Global and ConvertU2 Technologies.

_**For

further information contact:**_

Justyn Stedwell Company Secretary T: +61 3 8678 1746 F: +61 3 8678 1747