YOJEE LIMITED — Capital/Financing Update 2017

Oct 23, 2017

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24 October 2017

LARGE NATIONAL LOGISTICS ASSOCIATION CHOOSE YOJEE AS PARTNER

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HIGHLIGHTS

• The Indonesian Logistics and Freight Forwarders Association (ILFA) announces Yojee as preferred software partner further validating Yojee’s transformational software.

• Evaluation of technology capabilities and successful roll outs to Lion Parcel and Raja Pindah among other Indonesian companies key to securing preferred software partner agreement.

• ILFA to provide support in selling and marketing Yojee Software on a Software as a Service subscription fee to its 3,200 company membership base.

• Continue to work together with members to form a seamless network to capture greater share of the USD$250 billion annual freight market in Indonesia alone, a model that is rapidly replicable in other countries.

BACKGROUND

Yojee Limited ( Yojee or the Company ) (ASX: YOJ ), is a technology company utilising artificial intelligence ( AI ) and blockchain technology to offer leading Software as a Service products.

Yojee is pleased to announce it has signed a Memorandum of Understanding ( MOU or the Agreement ) with the Indonesian Logistics and Freight Forwarders Association ( ILFA ) to be the preferred software provider of the association. This will enable Yojee to gain access to and support from ILFA to sell and market Yojee Software to its members along with a significant opportunity rapidly grow the Yojee Network in Indonesia. The logistics industry in Indonesia alone is worth USD$250 billion annually and is growing at double figure percentages[1] .

1 https://www.spireresearch.com/wp-content/uploads/2017/01/SpirE-Journal-Q4-2016_The-ASEAN-logistics-industry_A-growing-connectivity-hub.pdf

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

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The Agreement between ILFA and Yojee was possible due to Yojee’s unique technological capability, which not only powers and optimises an individual business, but amongst other things enables seamless digital collaboration between companies by allowing the allocation of jobs to empty capacity or legs in real-time to suitable participants within the Yojee Network. This supports ILFA members in forming a national freight network with real-time tracking through the use of proprietary Yojee software.

One of the Company’s differentiators in the market is its ability to manage an entire supply chain movement across a range of companies and sectors with one, journey-wide, tracking link viewable in real-time. This means that all participants, contractors and stakeholders in a freight movement have real-time updates, contextual chat communication and the seamless ability to handover responsibility of a job to the next participant. The technology is transforming the operator and customer experience for logistics services and is highly desired in the market.

Yukki Nugrahawan, Chairman of ILFA said, “We have monitored Yojee’s entrance into Indonesia, spoken to its customers and discovered that the technology is far more advanced than we expected. The ability to work seamlessly through technology with subcontractors and partners on top of its fantastic business optimisation capabilities made us believe this is the future of logistics, and as an Association we have been looking for such revolutionary technology to unite us in the e-logistics market for some time. We would love to see the digitisation of our 3200 members and provide them with opportunities for more work, whilst giving the global and Indonesian market access to a national supply chain of experienced and trusted participants backed by ILFA itself.”

Yojee Managing Director Ed Clarke said, “This is a fantastic step forward in the strong relationships we have been building in Indonesia, and a model that is replicable in other markets. As a company we have a number competitive advantages with our technology through Artificial Intelligence that enable us to be incredibly empowering and provide amazing efficiencies to businesses and markets, which has led to enormous unsolicited demand.”

“We are managing our pipeline of opportunities against our strategic priorities to build a platform for rapid growth and viral adoption. We are have recently welcomed a new country manager in Indonesia to capitalise on this partnership and other opportunities in the country. The company is establishing a really strong position in the market and is looking forward to working through these large opportunities.”

For further information, please contact:

Ed Clarke

Managing Director Ph: +61 8 6489 1600 E: ed@yojee.com

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

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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

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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