YOJEE LIMITED — Capital/Financing Update 2020

Feb 11, 2020

12 February 2020

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SPP Raises $2.2m plus $1m Top-Up Placement

Highlights

• Fully Underwritten Share Purchase Plan to raise $2 million to existing eligible shareholders oversubscribed, raising $2.2m.

• $200,000 worth of oversubscriptions have been accepted under the Share Purchase Plan with over 200 shareholders participating.

• Top-Up Placement will raise an additional $1.0m.

• Funds raised under the $2.2m Share Purchase Plan and $1.0m Top-Up Placement are in addition to the $3.5m of funds raised under the Placement to sophisticated and professional investors completed in December 2019.

Yojee Limited (Yojee or the Company) (ASX: YOJ) , a cloud based (SaaS) logistics platform that seamlessly and uniquely manages, tracks and optimises freight movements along the entire logistics chain, is pleased to announce that it has received applications from existing shareholders for $2.2 million (44,000,000 new shares) at an offer price of $0.05 per share under its Share Purchase Plan ( SPP ), which closed on Friday 7 February 2020.

The Company is pleased to advise that all applications under the SPP will be accepted in full and that the new shares are expected to be allotted on Tuesday 18 February 2020. The new shares to be issued under the SPP will rank equally with existing Yojee fully paid ordinary shares on issue.

In addition, under the top-up Placement (Top-Up Placement) (announced, 10 January 2020), Thorney Investment Group Australia Pty Ltd ( Thorney ), or its nominee(s) will subscribe for further shares and be issued a total of 20,000,000 shares at $0.05 per share (raising an additional $1.0m).

The shares issued pursuant to the Top-Up Placement will be issued under the Company’s existing ASX Listing Rule 7.1 capacity. Shareholder approval is also not required for the issue shares under the SPP as these will be issued pursuant to ASX Listing Rule 7.2 exception 5.

Yojee Managing Director, Ed Clarke said, “The response to the SPP from shareholders and Thorney, is extremely positive and greatly appreciated. The Company is now well positioned to further build-out its Asia Pacific and international marketplaces with its leading logistics platform technology”.

This announcement has been authorised by the Board of Directors of Yojee Limited.

-ENDS-

For Enquiries, please contact:

Sonu Cheema Company Secretary T: +61 8 6489 1600 investor@yojee.com

About Yojee Limited (ASX: YOJ). Yojee is a cloud based (SaaS) logistics platform that seamlessly and uniquely manages, tracks and optimises freight movements along the entire logistics chain, from sender to end customer, across borders and between logistics providers (land, sea, air), with subcontractors and for multi-leg journeys. Rarely is a single carrier

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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servicing an entire goods journey from sender to end customer, or exclusively using one type of transportation method. Yojee ensures connectivity and more efficient planning along the entire journey.

Yojee’s customers are predominantly third-party logistics providers (3PL) and logistics subcontractors (2PL) who benefit from:

1. Managing, Tracking and Auditing goods movements. All job and location data is made easily accessible and can be shared with up and down stream providers end to end. Customers experience improved delivery windows.

2. Route and schedule optimisation. Tracking data allows 2PL and 3PL operators to generate cost savings through Yojee’s powerful optimisation capability across vehicle selection, utilisation and routing.

Yojee’s solution is flexible and integrates seamlessly through API’s into existing logistics provider systems to access and share key data across part or all of the goods journey. The more segments that use Yojee, the more powerful it becomes. Yojee’s business is focused on Asia and is expanding rapidly. Yojee’s platform has evolved through recent technological developments in cloud-based computing and information processing capability. Future steps now under development will see Yojee further advance logistics its connectivity and route optimisation through distributed ledger blockchain technology. This will see smart information access and activation, providing logistics companies and agencies information such as location, size and weight data, and customs requirements, that is timely, contextually accessible and highly secure.

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