THORNEY TECHNOLOGIES LTD — Net Asset Value 2019

Nov 13, 2019

Thorney Technologies Ltd ABN 66 096 782 188

ASX Announcement Date: 14 November 2019

ASX Code: TEK

NET TANGIBLE ASSET BACKING ANNOUNCEMENT – October 2019

In accordance with ASX Listing rule 4.12 we advise the
following:

Net Tangible Asset backing per share (NTA)

Current month	Before Tax	After Tax
31 October 2019	32.7 cents	35.8¹cents
Previous month	Before Tax	After Tax
30 September 2019	34.2 cents	36.7¹cents

¹ TEK Directors have recognised a portion of the previously unrecognised deferred tax asset to the extent that it has become probable that future taxable profit will allow the deferred tax asset to be recovered.

The initial recognition of unused tax losses has resulted in the
booking of a deferred tax asset and the NTA numbers above
reflect this effect.

Refer to the 2019 Annual Report for further details.

All figures are unaudited and approximate.

Please direct enquiries to:

Craig Smith
Company Secretary

T: + 61 3 9921 7116

E: craig.smith@thorney.com.au
W: http://www.thorneytechnologies.com.au/

Level 39, 55 Collins Street, Melbourne Vic 3000 Telephone + 61 3 9921 7116 Facsimile + 61 3 9921 7100