WHITEHAWK LIMITED — Capital/Financing Update 2020

Oct 5, 2020

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FOR IMMEDIATE RELEASE 6 October 2020

US Federal Government Contract Option Year Renewal for $1.5M USD Original Contract Awarded in 2017

Highlights

• WhiteHawk awarded option for U.S. Fiscal Year (FY) 2021 as Cyber Sub-Contractor with a U.S. Federal Government Department

• Original contract won by the Prime is for 7 years (1 year with 6 option years)

• WhiteHawk’s FY2020 Level of Effort was $400K USD

• Work by WhiteHawk commenced 1 October 2020 (FY 2021)

Perth, WA and Alexandria, VA - WhiteHawk Limited (ASX:WHK) (“WhiteHawk” or “the Company”), the first global online cyber security exchange enabling small-to-medium businesses to take smart action against cybercrime, fraud and disruption, has been awarded an FY 2021 option extension of USD $1.5M under an existing 7 year contract, noted in the WhiteHawk Appendix 4C for the period ending 30/06/20 (released on 29/07/20). As previously noted, the contract is a 1 year contract with 6 option years, and Whitehawk has been advised that the option for the next financial year has now been exercised, which is worth US$1,500,000 to the Company over the next financial year. This award underlines WhiteHawk's product capability and service level execution to perform on all current contracts, to achieve further government option year contract extensions and to engage with future customers seamlessly and effectively throughout the current global pandemic.

The focus of this contract for WhiteHawk has evolved from cyber risk technical and management services, scoped at $400K to $750K USD per year, to now lead developer of a comprehensive online Cyber Security Marketplace, with an automated cyber risk review and solution option mapping, for a breadth of US Federal Government entities.

Terry Roberts, Executive Chair of WhiteHawk, commented, “We are discovering that our unique end to end automated approach, to identifying, prioritizing and mitigating cyber risks, via an easily assessable online platform, is increasingly attractive to both government and industry alike, by providing near real time servicing of their stakeholder organizations or clients.”

-ENDS-

WhiteHawk Limited Level 28 140 St George Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com

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Authorised for release by Terry Roberts (Chief Executive Officer and Executive Chair).

For more information:

Media inquiries (USA) Investor inquiries (AUS) Institutional Inquiries WhiteHawk WhiteHawk Viaticus Capital Marketing & Communications Company Secretary Principal Malachi Walker Kevin Kye Gavin Rezos publicrelations@whitehawk.com investors@whitehawk.com grezos@viaticuscapital.com +1 833 942-9237 +61 8 6311 4636 +447447560303

About WhiteHawk

Launched in 2016, WhiteHawk began as a cyber risk advisory service with a vision to develop the first online self-service, cyber security exchange, simplifying how companies and organizations discover, decide, and purchase cyber security solutions that directly mitigate their key cyber business risks. Today, we help US companies to connect to content, solutions, and service providers through evolving our rich data and user experience. WhiteHawk is a cloud-based cyber security exchange platform that delivers virtual consultations, Artificial Intelligence Cyber Risk Profile’s that immediately match SME customers to tailored ‘solutions on demand. The platform enables customers to leverage their tailored Security Story to find affordable and impactful cyber tools, content, and relevant services through our algorithms and expertise, to better understand how to improve and stay ahead of today’s cyber threats. The Platform enables companies to fill their needs on an ongoing basis with demonstrated cost and time savings. For more information, visit www.whitehawk.com.

WhiteHawk Limited Level 28 140 St George Tce Perth WA 6000 Tel : +61 8 6311 4636, Fax : +61 8 6311 4661 ABN: 97 620 459 823 www.whitehawk.com