YOJEE LIMITED — Capital/Financing Update 2017

Nov 26, 2017

27 November 2017

==> picture [612 x 107] intentionally omitted <==

YOJEE SIGN LONG TERM SaaS AGREEMENT WITH SCHARFF

==> picture [477 x 178] intentionally omitted <==

HIGHLIGHTS

• Scharff, FedEx Global Service Provider in Peru and Bolivia, signs long term SaaS agreement with Yojee.

• After successful evaluation, Scharff requests larger scope and longer term than set out in letter of intent.

• Agreement for minimum 13,200,000 annual deliveries for 4 years across parcel, mass mail and bulk freight.

• Minimum monthly SaaS fees in addition to earlier announced implementation fees.

• Platform to manage deliveries across two countries and four separate business units.

• Additional referral agreement in place to gain more South American clients.

• Scalable, future ready software for large enterprises, a key reason for securing large scale agreement.

• Highlights Yojee’s AI capabilities and user experience enhancements in a broad range of use cases including post/mass mail – a use case not planned for the software.

• Long term contract with a major operator in a new region validates the broad supply chain applications, scalability and global appeal of Yojee software.

Yojee Limited ( Yojee or the Company ) (ASX: YOJ ), the technology company utilizing artificial intelligence ( AI ) and blockchain technology to create a seamless regional freight network and best in class software as a service product for businesses of all sizes.

Yojee is pleased to announce the execution of a long term Software as a Service ( SaaS ) agreement (Agreement or Contract) with Scharff, FedEx Global Service Provider in Peru and Bolivia, following the signing of the Implementation agreement on 1[st] November.

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904

P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι ABN 52 143 416 531

==> picture [612 x 107] intentionally omitted <==

Scharff Logistica Integral and Scharff Boliivia S.R.L ( Scharff ), a Peruvian founded corporation, is a market leader in South America across freight forwarding, bulk freight and parcels with a huge last mile operation founded in 1985. Scharff’s reach in the region and broad supply chain capabilities resulted in it becoming a Global Service Provider in Peru and Bolivia in 1994 for FedEx, the world’s largest express transportation company.

In addition to the implementation fees paid to Yojee under the Implementation Agreement, this Agreement covers the SaaS fees for Yojee’s technology across two countries and four business units , which is much larger than initially proposed in the letter of intent, with an additional South American partner referral agreement.

Yojee’s AI capabilities and user experience enhancements across a broad range of use cases including post/mass mail – a use case not originally planned for the software – highlights the scalability, broad supply chain applications and future readiness of Yojee’s software for large enterprises.

This agreement will facilitate the distribution of over 1,100,000 parcels per month for a period of 4 years with additional charges payable to Yojee when monthly deliveries exceed 1,100,000.

The awarding of the contract to Yojee followed a successful business review and digital transformation proposal undertaken in Lima, Peru last month as part of the tender process. The successful evaluation of Yojee software resulted in Scharff increasing the exclusive contract term from the proposed 2 years to 4 years .

For Investor Enquiries, please contact:

investor@yojee.com

About Yojee Limited (ASX: YOJ) , a new, future ready platform technology company developing powerful logistics and supply chain management capabilities via its world-class blockchain secured software and expansive partner network across South East Asia and Australia.

www.yojee.com

==> picture [564 x 228] intentionally omitted <==

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904

P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι ABN 52 143 416 531

==> picture [612 x 107] intentionally omitted <==

FORWARD LOOKING STATEMENT AND DISCLAIMER

Please note that images used in the Company's ASX announcements are to illustrate concepts only and are not intended to represent commercial Yojee images.

Certain statements contained in this asx release, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements:

(a) are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies;

(b) involve known and unknown risks and uncertainties that could cause actual events or results to differ materially from estimated or anticipated events or results reflected in such forward looking statements; and

(c) may include, among other things, statements regarding estimates and assumptions in respect of prices, costs, results and capital expenditure, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions. The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise.

The words “believe”, “expect”, ”contracted”, “anticipate”, “indicate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “planned” and similar expressions identify forward looking statements. All forward looking statements contained in this asx release are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein.

Suite 9, 330 Churchill Avenue, Subiaco WA 6008 Ι PO Box 866, Subiaco WA 6904 P + 61 8 6489 1600 Ι F + 61 8 6489 1601 Ι ABN 52 143 416 531