YOJEE LIMITED — Capital/Financing Update 2018

May 21, 2018

22 May 2018

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YOJEE SIGNS SERVICES AGREEMENT WITH DB SCHENKER

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HIGHLIGHTS

• Yojee and Schenker in Asia Pacific sign a Services Agreement to begin developing an On-Demand Last Mile Delivery Service Platform in Asia.

• Focus of services agreement is utilising Yojee’s market leading logistics technology to create enhanced customer experience and innovative delivery models.

• DB Schenker, the world’s leading global logistics provider, operate from over 2,000 locations worldwide.

Yojee Limited ( Yojee or the Company ) (ASX: YOJ ), the technology company utilising 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, has entered into a Services Agreement with Schenker (Asia Pacific) Pte Ltd, the regional headquarters of DB Schenker in Asia Pacific, as the first stage of a potential broad DB Schenker regional technology rollout.

Under the Services Agreement, Schenker (Asia Pacific) will pay Yojee a fee to commence a project for the implementation of Yojee’s platform into Schenker’s (Asia Pacific) Ecommerce and last mile operations covering, but not limited to:

• a) Warehousing;

• b) Cross-docking;

• c) Wharf cartage and last mile;

• d) Route optimization and operational efficiency modelling using Yojee’s AI simulator;

• e) Application of blockchain;

• f) Coordination of customer projects; and

• g) Customer-facing experiences.

The project will run for up to four months, after which both companies will evaluate next steps.

Mr Ed Clarke, Managing Director of Yojee said, “We look forward to working with DB Schenker, a true global logistics leader, to evaluate building an industry leading digital transformation package using Yojee’s platform, AI and blockchain. This agreement with DB Schenker provides strong industry validation of Yojee’s unique value proposition to global logistics companies and the future potential of our technology.”

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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For Investor Enquiries, please contact:

investor@yojee.com

About DB Schenker, the world’s leading global logistics provider operating for over 140 years — supporting industry and trade in the global exchange of goods through land transport, worldwide air and ocean freight, contract logistics and supply chain management. The group holds top positions in automotive, technology, consumer goods, trade fair logistics, special transports, and special events logistics and operates from around 2,000 locations around the world. DB Schenker employs over 72,000 people and in 2017 achieved group revenues of €16.4 billion - moving more than 1.3 million tonnes of air freight volume and more than 2.2 million TEU of ocean freight volume, operating from almost 750 warehouse locations with warehousing space totalling 8 million square metres on all continents. www.dbschenker.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

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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

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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(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