ZIMI LIMITED — Capital/Financing Update 2018

Oct 7, 2018

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8 October 2018

ASX Market Announcements ASX Limited 20 Bridge Street SYDNEY NSW 2000

Notification under section 708AA (2)(f) of the Corporations Act 2001 (Cth)

Quantify Technology Holdings Limited (" Company ") gives notice under section 708AA (2)(f) of the Corporations Act 2001 (Cth) (" Corporations Act ") that:

1. The Company will offer approximately 399,365,259 fully paid ordinary shares (” New Shares ”) for issue without disclosure to shareholders under Part 6D.2 of the Corporations Act pursuant to a non-renounceable pro-rata rights issue announced to ASX on 8 October 2018 (" Rights Issue "). Under the Rights Issue eligible shareholders will be entitled to apply for eight (8) New Shares in the Company for every eleven (11) shares held at the record date at an issue price of $0.01 per New Share. The Rights Issue will raise approximately $3,993,652 before costs if fully subscribed.

2. As at the date of this notice:

3. a) the Company has complied with the provisions of Chapter 2M of the Corporations Act as they apply to the Company;

4. b) the Company has complied with section 674 of the Corporations Act being the requirement to meet its continuous disclosure obligations under the ASX Listing Rules; and

5. c) there is no "excluded information" within the meaning of sections 708AA(8) and 708AA(9) of the Corporations Act which is required to be disclosed under section 708AA(7)(d) of the Corporations Act.

6. The offer is a non-renounceable pro-rata rights issue fully underwritten by Pinnacle Corporate Finance Pty Limited (“ Pinnacle ”). The potential effect that the Rights Issue will have on the control of the Company is as follows:

7. a) if all shareholders of the Company on the record date of 11 October 2018 take up their entitlements under the Rights Issue, then the Rights Issue will have no effect on the control of the Company; and

8. b) if shareholders take up none or only some of their entitlements under the Rights Issue then the Rights Issue will have limited effect on control of the Company. Under the terms of the underwriting agreement with Pinnacle, the Underwriter must ensure that no person will acquire, through participation in subunderwriting the Offer, a holding of Shares of, or increase their holding, to an amount in excess of 19.9% of all the Shares on issue on completion of the Offer or from a starting point that is above 20% to a greater percentage on completion of the Offer than was held prior to the Offer.;

An Appendix 3B reflecting the revised capital structure following the Rights Issue was lodged with ASX on 8 October 2018.

If you have any questions in relation to the Rights Issue, please do not hesitate to contact the Company on (08) 6268 2622.

Neville Bassett Company Secretary

Quantify Technology Holdings Ltd ABN: 25 113 326 524 Registered Office: Level 4, 216 St Georges Terrace, Perth WA 6000 Postal Address: P.O. Box 7315, Perth WA 6850

T: +61 8 6268 2622 F: +61 8 6268 2699