XREF LIMITED — Investor Presentation 2017

Apr 5, 2017

Today, 600 companies in 7 countries make better hiring decisions because of Xref.

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INVESTOR PRESENTATION UPDATE - APRIL 2017

Xref automates a business critical task, provides meaningful data and protects companies from fraud, discrimination and privacy breaches.

Our recruiters love Xref “ because of the ease, efficiency and thoroughness with which it allows them to do this very critical task. Kimberley Hubble - Global Head of RPO, HUDSON

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SEE MORE TESTIMONIALS

An unparalleled user experience already enjoyed by over 140,000 candidates worldwide on any device… and they love it.

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Over 280,000 referees have provided feedback - 50% out of business hours and on mobile devices. Xref collects 60% more data 5 times faster than traditional methods.

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Multi-language services support the global growth of Xref’s platform. The company’s cloud-based software platform includes a multi-language library and tailored questionnaires which allow employers to ask referees questions in these languages. This provides flexibility for referees who may not share the same mother tongue. Users can ‘toggle’ between languages and nominate the languages they will accept for candidate references, or ‘lock in’ a language to ensure same language responses.

new employer

CREDIT SOLD Unrecognised Revenue (cash received)

CREDIT USED Recognised Revenue

2014 AUSTRALASIAN USER BASE

15m EMPLOYMENT MARKET

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120m
180m EMPLOYMENT MARKET
EMPLOYMENT MARKET
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2016
GLOBAL USER BASE
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15m
EMPLOYMENT MARKET
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Rocks Pty Ltd

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In 2016 we positioned for global scale, 2017 is about building on a strong foundation.

In 2016 we re-visited every corner of our business. People, processes, product and partners were positioned in readiness for growth.

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In Q3 overseas sales contribution grew to 10% of the total, a 250% increase on Q2. March sales from North America and Europe rose 116% on the preceding month to 15% of global sales ($401,000).

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Sales and credit usage at record levels whilst cash outflow reduced.

Cash outflow for the third quarter reduced to $2.3 million, compared with $2.8 million that was anticipated at the end of the previous quarter. This reflected lower than expected development and marketing costs, and compares with cash outflows of $2.5 million for the second quarter. During Q3, Xref collected more than $1 million in cash, up 61% compared to Q2, and at 31 March 2017 Xref held $5.7 million cash.

Ca ital structure p

118M 53M $ $ Current Shares on Issue Issued Share Capital

Current Shares on Issue 65M 57M $ $

Includes Escrowed Market Capitalisation Shares Issued to at 48c (as at 4 April) Vendors

Top 5 Shareholders

32M 8M

32M WEST RIDING INVESTMENTS PTY LTD Lee-Martin Seymour 2.9M MORGAN STANLEY NOMINEES

SQUIRREL HOLDINGS AUSTRALIA PTY LTD Timothy Griffiths

M HSBC CUSTODY NOMINEES (AUSTRALIA) LIMITED AUSTRAL CAPITAL PTY LTD 3M

XF1 Share Price 2016

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$0.80
$0.60
$0.40
$0.20
$0.00
Feb Apr June Aug Oct Dec Feb Apr
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Performance Rights of 33 million will be issued in line with the following milestones:

Milestone 1: 16.6m Performance Rights will vest once Xref achieves annualised revenue of A$5m within 2.5 years from Listing

Milestone 2: 16.7m Performance Rights will vest once Xref achieves annualised EBITDA of A$5m within 5 years from Listing

$64.9 million vendor shares will be escrowed for 24 months by the ASX until the 8 February 2018.

$12.4 million options with exercise prices between $0.23 and $0.70, which expire between Feb 2019 and Nov 2022.

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Xref Investor Presentation Update / April 2017

We partner to build channel.

Our current integration partnerships lead us to thousands of potential new clients.

Including: completed development

We are _____

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And we’re having fun…
We are proven.
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We are _____ xref.global/blog xref.global/investor @tweet_xref

Disclaimer

This presentation has been prepared by Xref Pty Ltd (Xref). The information contained in this presentation is for information purposes only and has been prepared for use in conjunction with a verbal presentation and should be read in that context.

The information contained in this presentation is not investment or financial product advice and is not intended to be used as the basis for making an investment decision. Please note that, in providing this presentation, Xref has not considered the objectives, financial position or needs of any particular recipient. Xref strongly suggests that investors consult a financial advisor prior to making an investment decision.

No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the information, opinions and conclusions contained in this presentation. To the maximum extent permitted by law, none of Xref, its related bodies corporate, shareholders or respective directors, officers, employees, agents or advisors, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence for any loss arising from the use of information contained in this presentation.

This presentation includes “forward looking statements” within the meaning of securities laws of applicable jurisdictions. Forward looking statements can generally be identified by the use of the words “anticipate”, “believe”, “expect”, “project”, “forecast”, “estimate”, “likely”, “intend”, “should”, “could”, “may”, “target”, “plan” “guidance” and other similar expressions. Indications of, and guidance on, future earning or dividends and financial position and performance are also forward-looking statements. Such forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of Xref and its officers, employees, agents or associates, that may cause actual results to differ materially from those expressed or implied in such statement. Actual results, performance or achievements may vary materially from any projections and forward looking statements and the assumptions on which those statements are based. Readers are cautioned not to place undue reliance on forward looking statements and Xref assumes no obligation to update such information.

This presentation is not, and does not constitute, an offer to sell or the solicitation, invitation or recommendation to purchase any securities and neither this presentation nor anything contained in it forms the basis of any

contract or commitment.

This presentation does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States. The securities of Xref have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (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 except in compliance with the registration requirements of the Securities Act and any other applicable securities laws or pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws.

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Xref Investor Presentation Update / April 2017