VECTION TECHNOLOGIES LTD — Interim / Quarterly Report 2017

Apr 27, 2017

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ASX Announcement

28 April 2017

ServTech Global Quarterly Activities

ServTech Global Limited (ASX: SVT) (‘ ServTech ’ or ‘ the Company’ ), a transaction management company, presents to the market its first quarterly activities report for the three months ending 31[st] March 2017.

Key Highlights

• FY2017 Consolidated Group Revenue on target to achieve approximately $10 million, up 35% on previous year

• M&A engagement letter signed with Deloitte, in line with our growth by acquisition strategy

• Value Finance nominated for MFAA State Excellence Awards 2017 – Finance Broker Business Award

• ServTech Investor Portal launched and up and running

ServTech Global CEO, Brett Quinn, said: “Since our listing on the Australian Securities Exchange in March 2017, the Company has made a great start to the year, driven by strong results through organic growth.

“We are making good progress on delivering on our long-term strategy and we are confident we will continue to advance our geographical expansion and diversification by industry sectors this year.”

Financial Highlights

Consolidated Group Revenue in FY2017 YTD is $7.3 million and on target to reach $9.9 million by 30[th] June 2017, representing a 35% improvement compared to FY2016 ($7.9 million). These results are encouraging and the Directors feel that the Company is well on track to finish with a solid full year performance.

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Value Finance’s nomination

Mortgage broker, Value Finance, also part of the ServTech group of companies, was nominated for the Finance Broker Business Award of The Mortgage and Finance Association of Australia (MFAA) Excellence Awards. The MFAA recognises members who display exceptional practice in mortgage and finance. This is another proud achievement which demonstrates the Company’s commitment to continue to improve and grow.

Outlook

The Company is well positioned to deliver on its long-term strategy of expanding geographically and diversifying by industry sectors through both acquisition and organically.

ServTech has signed a M&A engagement letter with Deloitte, in response to several enquiries from real estate businesses in Australia and globally looking to reduce overhead costs and become more efficient though the Company’s service offering. The Company is currently undertaking due diligence on these businesses.

ServTech has recently signed non-binding agreements with a leading car industry broker and a real estate group with a view to collaborating to enter into a formal arrangement whereby ServTech will be engaged to increase their operational efficiencies.

These activities provide a solid foundation for the Company to continue to deliver on its objectives and the Company will continue to update the market as these key partnerships progress.

ENDS

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Further information: Brett Quinn John Gardner Mark Davies Managing Director/CEO Citadel-MAGNUS 1861 Capital Tel: +61 (0) 487 048 776 Tel: +61 (0) 413 355 997 Tel: +61 (0) 413 137 887

About ServTech Global

ServTech Global is a transaction management business that revolutionises the way businesses manage transactions through a unique customised Software as a Service (SaaS) workflow management application and back office support service. ServTech is the holding company of a number of wholly-owned subsidiary companies, including a real estate agency (Sell Lease Property Pty Ltd), a conveyancing business (Complete Settlements), a property management business (Capitol Asset Management) and a mortgage broking business (Value Finance).

ServTech’s key revenue driver to date is Sell Lease Property which has utilised ServTech’s SaaS platform (the ‘Angel’ platform) to improve operating efficiencies, minimise fixed overheads and increase profit margins, becoming a disruptive player in the Australian real estate sector. Sell Lease Property has grown to have more than 177 property consultants nationally and achieved revenue growth of 370% over the past two financial years.