VINYL GROUP LTD — AGM Information 2020

Nov 25, 2020

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ASX ANNOUNCEMENT

Chai��e���n�� Add�e�� �� Ann�al Gene�al Mee�ing�

● AGM a� �����m AEDT �n Th���da�� �� N��embe� ������

S�dne�� A����alia� �� N��embe� ����� Jaxsta Limited ACN 106 513 580 ( Ja���a or the� C�m�an� , ASX: JXT) the world’s largest dedicated database of official music attaches a copy� of the Chairperson’s Address to be delivered at Jaxsta’s Annual General Meeting being held� today.��

For further information please contact:�

A��h��i�a�i�n � Addi�i�nal Inf��ma�i�n��

This announcement was authorised by the� Board of Directors of Jaxsta Limited�

Ja���a In�e���� Rela�i�n�� E: jaxstainvestors�jaxsta.com P: �61 2 8097 1201�

www.jaxsta.com Level 1, 113-115 Oxford Street�� Darlinghurst 2010 NSW Australia��

�End���

ABOUT JAXSTA

Jaxsta is the world’s largest public-facing and most connected music credits database and� technology. Partnered with the industry’s leading major and independent record companies, as well� as publishers, distributors, royalty agencies and industry associations, Jaxsta is the go-to� authoritative source of official music credits information. The Company’s core platform, Jaxsta.com,� is a free and paid subscription service and provides B2B data-solutions for the music and related� media industries. Jaxsta Pro[Beta] , the Company’s subscription service, harnesses the power of Jaxsta’s� data to help music industry professionals connect, save time, and advance their businesses and� careers.��

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Ja���a Ann�al Gene�al Mee�ing FY���� � Chai��e���n�� Add�e���

�o be deli�ered b� �inda �enkinson, �a�s�a�s �ndependen� �hairperson

Welc�me�

Ladies and gentlemen, welcome to this annual general meeting of Jaxsta Limited. My name� is Linda Jenkinson, and I am chairperson of the company. I would like to introduce my fellow� directors Jacqui Louez Schoorl (our CEO), Brett Cottle, Ken Gaunt and Jorge Nigaglioni, who� also serves as our company secretary.�

Also in the audience today, are the senior executives of the company and on your behalf, I� welcome them to this meeting.�

Opening�

I am informed that a quorum of members is present, and take pleasure in declaring this� meeting open.�

Regi��ra�ion and Vo�ing��

As part of the proceedings for this meeting, voting will be done through the investor portal� from our Share Registry, Automic. Please log in or register now at the address on the screen.� Once logged in, you can register your attendance at the meeting and record your vote. Once� you confirm your vote it will be lodged and final.��

B��ine�� of mee�ing�

As you’d be aware from the Notice of Meeting, there are eight items of business to be� discussed when we move into the formal part of today’s meeting.�

But before the formal business, I would like to make some general observations about the� last 12 months before I return to the formal proceedings.�

In the past 12 months, Jaxsta started its key commercial activities with the launch of Jaxsta� Pro. COVID-19 hit at a critical time in the life of our subscription service as the music industry� was hit very hard by the impact of the pandemic. We saw an opportunity to help the industry� during this time and also help accelerate the adoption of Jaxsta Pro and global awareness of�

Jaxsta Ltd� Level �, ������� Oxford Street, DARLINGHURST, NSW, ���� , AUSTRALIA

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Jaxsta as a whole by providing Jaxsta Pro for free for at least the rest of 2020. This action has� helped us to grow our membership based to over 80,000 members.��

This action also allowed us to focus on ramping up our other business segments to increase� and diversify the revenue generating capabilities of the company. I am pleased to confirm� that our commercial API is ready and we continue committed to signing our initial� commercial contracts before the end of this calendar year. The value of our data solutions� was already proven through our unique partnership with Songtradr who will use our API to� enhance and provide their Neighbouring Rights Collection Service to our Jaxsta Pro� members.�

During the pandemic, the board and the Company acted swiftly to lower costs and� strengthen the balance sheet of the company to sustain the activities listed above and� secure the value of the company for long term return to shareholders. We continue to� monitor the company, the music industry and the overall economic environment as the� effects of the pandemic continue to be felt in differing degrees globally. We are focused on� making sure Jaxsta continues to grow its user base and restarts revenue in the areas of the� business where it is ready to take advantage of the value of the platform.�

Jacqui will provide an update on the current trading of the group and the company’s� strategic direction and what lies ahead in 2021 after the formal business of the meeting.��

I now move on to the formal proceedings.�

Thank you.�

Jaxsta Ltd� Level �, ������� Oxford Street, DARLINGHURST, NSW, ���� , AUSTRALIA Ph� ��� � ���� ���� Jaxsta�com ABN �� ��� ��� ���