YOJEE LIMITED — Capital/Financing Update 2018

Jul 15, 2018

16 July 2018

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Yojee Completes $8.0 Million Oversubscribed Share Placement

Highlights:

• Heavily oversubscribed Share Placement to existing major shareholders and new institutional investors.

• Funds raised to build out Asia-Pacific marketplaces, advance leadership in smart logistics optimisation technologies, expand geographical sales presence and fast-track customer adoption.

Yojee Limited ( Yojee or the Company ) (ASX: YOJ ), is pleased to announce the share placement ( Placement ) of $8.0 million to sophisticated and institutional investors ( Placement ). The Company will issue 80 million fully paid ordinary shares at an issue price of $0.10 per share, pursuant to its existing 15% capacity under Listing Rule 7.1.

In addition, the Placement includes the issue of 26,666,667 free attaching one for three unlisted options ( Placement Options ) exercisable at $0.15 expiring 18 months from date of issue. The free attaching options are issued pursuant to its existing 15% capacity under Listing Rule 7.1.

Completion of the Placement is expected to occur on 23 July 2018 with the issue and allotment of shares and the new shares issued under the Placement will rank equally with existing shares.

The Placement was heavily oversubscribed and has introduced new high quality institutional investors to the register. Yojee welcomes these new shareholders at a very exciting time for the Company and equally thanks its existing shareholders, including Thorney Investment Group, for their continued support.

Proceeds from this capital raising will be used to further build out Asia Pacific marketplaces, increase leadership in the Company’s industry leading smart technologies such as artificial intelligence, blockchain, and logistics network interconnectivity as well as expand geographical sales presence to capitalise on opportunities and fast track customer adoption and transaction volumes.

Commenting on the successful Placement, Yojee Managing Director, Ed Clarke, said, “We are delighted that Yojee’s significant progress in digitising the supply chain has attracted the interest of a range of new institutional investors. The Placement proceeds will enable Yojee to confidently capitalise on the enormous market opportunities for its software, maintain its leadership in smart logistics optimisation technologies and continue to develop its existing commercial relationships with industry leaders such as UPS and DB Schenker.”

-ENDS-

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.

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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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