UNDERWOOD CAPITAL LIMITED — Call Transcript 2020

Feb 13, 2020

MMJ Group Holdings Limited Suite 518, Level 5 165-167 Phillip Street Sydney NSW Australia 2000 www.mmjgh.com.au info@mmjgh.com.au

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ASX RELEASE

14 February 2020

MMJ Investor Update – Live Audio Webcast

MMJ Group Holdings Limited (ASX:MMJ) ("MMJ") , an Australian-listed company that specialises in managing a portfolio of investments along the cannabis value-chain, is pleased to announce it will be hosting a live audio webcast of the Investor Conference Call on 18 February 2020.

The Investor Conference Call will be conducted via the OpenBriefing format and will include a slide presentation.

In this OpenBriefing, Michael Curtis, MMJ Non-Executive Director and Director of Embark Ventures Inc, the asset manager of MMJ’s cannabis investments, will discuss the future prospects of the Company, the Canadian and European cannabis investment markets and the MMJ Share Purchase Plan announced on 14 February 2020 which is on offer to eligible shareholders.

Investors will be provided the opportunity to ask questions following the presentation.

Access to the audio webcast will open at 10.15 AM AEST on the day and the live stream is scheduled to begin at 10:30 AM AEST.

To pre-register for the call, please follow the link below:

https://s1.c-conf.com/diamondpass/10004065-invite.html

You will receive a calendar notification with dial in details and PIN for fast track access to the call.

Alternatively, dial in using the detail below at the scheduled call time.

Conference ID: 10004065 Australian Toll Free and local: 1800 870 643 / 02 9007 3187

The presentation and audio can also be accessed via webcast from the scheduled time:

https://webcast.openbriefing.com/5854/

Please refer to the MMJ website for a copy of the presentation www.mmjgh.com.au/category/mmj-news/

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Investor and Media Enquiries Announcement authorised for release to ASX by: Jim Hallam Chief Financial Officer and Company Secretary E: Compsec@mmjgh.com.au

About MMJ

MMJ is a global cannabis investment company (ABN 91 601 236 417). MMJ owns a portfolio of minority investments and aims to invest across the full range of emerging cannabis-related sectors including healthcare, technology, infrastructure, logistics, processing, cultivation, equipment and retail. For MMJ’s latest investor presentation and news, please visit: https://www.mmjgh.com.au/investors/

Important Notice

This announcement contains reference to certain intentions, expectations, future plans, strategy and prospects of MMJ. Those intentions, expectations, future plans, strategy and prospects may or may not be achieved. They are based on certain assumptions, which may not be met or on which views may differ and

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may be affected by known and unknown risks. The performance and operations of MMJ may be influenced by a number of factors, many of which are outside the control of MMJ. No representation or warranty, express or implied, is made by MMJ, or any of its directors, officers, employees, advisers or agents that any intentions, expectations or plans will be achieved either totally or partially or that any particular rate of return will be achieved. Given the risks and uncertainties that may cause MMJ’s actual future results, performance or achievements to be materially different from those expected, planned or intended, recipients should not place undue reliance on these intentions, expectations, future plans, strategy and prospects. MMJ does not warrant or represent that the actual results, performance or achievements will be as expected, planned or intended. Nothing in this material should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. It does not include all available information and should not be used in isolation as a basis to invest in MMJ. This document does not constitute any part of any offer to sell, or the solicitation of an offer to buy, any securities in the United States or to, or for the account or benefit of any “US person” as defined in Regulation S under the US Securities Act of 1993 (“Securities Act”). MMJ’s shares have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to any US person without being so registered or pursuant to an exemption from registration including an exemption for qualified institutional buyers.

MMJ Group Holdings Limited

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