VECTION TECHNOLOGIES LTD — Capital/Financing Update 2021

Jul 27, 2021

28 July 2021 | Australia

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ASX RELEASE

ENTERPRISE SALES UPDATE AND FIRST HEALTHCARE & PHARMA SALES

Real-time software company Vection Technologies Ltd ( ASX:VR1 ) ( Vection Technologies , Vection or the Company ) is pleased to provide an update on its enterprise sales as of 26 July 2021.

Highlights:

• Enterprise Sales TCV for FY22 updated to ~$1.8M

• Vection has added ~$0.5M in TCV for FY22, among the Healthcare & Pharma and Public Sector & Education sectors 3D

• ● Clients include biopharmaceutical company Swedish Orphan Biovitrum (SOBI), Trenitalia, MUNER and the New York Institute of Technology (NYIT)

• ● Strong pipeline of opportunities in the Healthcare & Pharma sector with companies including Cochlear Italia Srl, Postbiotica Srl, Bios Line Holding Srl, Damor Spa, Harmonium VIRTUALREALITY Pharma and Università degli Studi di Pavia, among others

• ● Healthcare & Pharma Division launched in March 2021 to leverage the digital transformation trend in the healthcare, pharmaceutical, biotechnological, medical devices and nutraceutical market segments AUGMENTED REALITY

• Vection Technologies has added an additional ~$0.5M in FY22 TCV within the Healthcare & Pharma Public Sector & Education sectors. INDUSTRIAL IoT

• Clients include Swedish Orphan Biovitrum (SOBI), an international biopharmaceutical company dedicated to treatments in the areas of haematology, immunology, rare diseases, and Covid-19 drugs, Trenitalia, the primary train operator in Italy, the Motorvehicle University of Emilia-Romagna CAD

Overview:

Vection Technologies has added an additional ~$0.5M in FY22 TCV within the Healthcare & Pharma and Public Sector & Education sectors.

Clients include Swedish Orphan Biovitrum (SOBI), an international biopharmaceutical company dedicated to treatments in the areas of haematology, immunology, rare diseases, and Covid-19 drugs, Trenitalia, the primary train operator in Italy, the Motorvehicle University of Emilia-Romagna (MUNER) and the New York Institute of Technology (NYIT).

Key solutions and services offered, and in development, include digital learning tools that leverage virtual reality technologies to accelerate and reinforce students' learning process related to STEM subjects, and the Trainer Creator, FrameS and Mindesk products.

While the increase in individual sales to customers in the Healthcare & Pharma and Public Sector & Education sectors, was not individually material, the combined TCV at 27 July 2021 was, bringing the total for FY22 at ~$1.8M, expected to complete with varying dates between 1 and 6 months. The Company notes that quarterly cash receipts may vary depending on the solution and/or service provided to the end customer, and any individually material contract award will be separately announced to the market as applicable.

The Company looks forward to updating the market on further TCV developments as appropriate.

Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Address: 642 Newcastle Street, Leederville WA 6007

Europe North America Address: Via Isonzo 61 Address: 785 Market Street, #600 40033 Casalecchio di Reno (BO), San Francisco CA 94103 Italy USA

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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Phone: +618 6380 2555

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Vection Healthcare & Pharma Overview:

Since its inception in late March 2021, the Healthcare & Pharma Division has been increasingly growing its sales pipeline, also receiving formal non-binding expressions of interest to evaluate and purchase AR, VR and AI technologies for life sciences and immersive experiential training solutions from companies including Cochlear Italia Srl, Polifarma S.p.A., Postbiotica Srl, Bios Line Holding Srl, Damor Spa (farmaceutici), Harmonium Pharma and Università degli Studi di Pavia, among others.

pharmaceutical, biotechnological, medical devices and nutraceutical market segments, leading the Company into medical-technical-scientific education & communication for the public and private sector operating in the life-science world. (ASX:11 March 2021)

during FY22, following intensive months of presentations to key healthcare & pharma stakeholders. This industry is quickly adapting to the necessity of adopting emerging technologies within their workflow to generate the required efficiencies during these uncertain times”, commented Dr Carlo Centemeri, CEO of Vection’s Healthcare & Pharma.

continuation of the growth trend experienced during this calendar year, resulting in a growing TCV in FY22. Multiple industry focussed verticals are addressing singular market needs deploying our core technology stack with unparalleled knowledge and expertise.”

Investor Relations Contact Details:

Gianmarco Biagi - Managing Director (Europe Based)

Email: gianmarco.biagi@vection.com.au Phone: +39 051 0142248

Gianmarco Orgnoni - Director and COO (Australia Based) Email: gianmarco.orgnoni@vection.com.au Phone: +61 8 6380 2555

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3D

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VIRTUAL REALITY

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AUGMENTED REALITY INDUSTRIAL IoT CAD

About Vection Technologies:

Vection Technologies Ltd (ASX:VR1) is a multinational software company that focuses on real-time technologies for industrial companies’ digital transformation.

Through a combination of our 3D, Virtual Reality, Augmented Reality, Industrial IoT and CAD solutions, Vection Technologies helps companies and organisations to innovate, collaborate and create value.

For more information please visit the Company’s websites:

vection.com.au mindeskvr.com blankcanvas.studio

ASX release authorised by the Board of Directors of Vection Technologies Ltd.

Vection Technologies Ltd (ASX:VR1) ACN: 614 814 041

Address: 642 Newcastle Street, Leederville WA 6007 Phone: +618 6380 2555

Europe Address: Via Isonzo 61 40033 Casalecchio di Reno (BO), Italy

North America Address: 785 Market Street, #600 San Francisco CA 94103 USA

Media Enquiries AUpress@vection.com.au EUpress@vection.com.au

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