DET Investor Presentation

Dealt Group (ASX:DET) (Formerly Velocity Property Group)

Investor Presentation

Table of contents 01

The Opportunity

03

02

The Business

07

03

Dealt Platform

13

04

Value Proposition

17

05

Offer Details and Timetable

19

A1

Appendix 1 – Investment Process

23

A2

Appendix 2 – Boards and Management

25

A3

Appendix 3 – Track Record and Ownership

29

1. The Opportunity

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Australian CRE Lending Market Market Size currently $302bn having grown at 4.5% CAGR over last 10 years

New Zealand Non-bank Lending Market

Total ADI CRE Exposures (A$bn) R of 4.5% G A C r a e 10 Y 267

261 203

206

212

224

278

288

302

240

Australian Non-bank CRE market was approximately $32bn in 2017, and is expected to double c.$65bn

2011

2012

2013

2014

2015

2016

2017

2018

2019

Expected to follow a similar trend to that of Australia

2020

RBA 12%1 market share estimate for non-ADI CRE lenders

Estimated Non-Bank CRE Lending Market

Major Markets - Non-Bank Share of All Credit

25% 28.7

50%

12%

40% 32.1

36.3

2017

2021++

Non-Bank (12%)

Non-Bank (25%)

Market Share (%)

Non-bank lending currently 3.9%2 of all credit.

4%

6%

New Zealand

Australia

Source: APRA Quarterly ADI property exposures statistics – September 2020 ESRB Non-bank Financial Intermediation Risk Monitor 2020 Financial Stability Board - Global Monitoring Report on Non-Bank Financial Intermediation 2019 Notes: 1. RBA, Shadow Bank Property Lending https://www.rba.gov.au/information/foi/disclosure-log/pdf/192017.pdf 2. RBNZ, Sector Lending (registered banks and non-bank lending institutions) published 23 February 2021

Europe

RBNZ has in recent times imposed stricter capital requirements on Banks which is expected to accelerate the NZ Non-Bank lending market

US

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Originate. Lend. Manage.

Exposure to a diversified portfolio of commercial real estate (CRE) loans with multiple revenue sources 5-10% of earnings1

80-90% of earnings1

5-10% of earnings1

Originate

Lend

Manage

Fee income from brokerage and loan origination

Interest income earned on Balance Sheet capital for CRE loans across Australia and New Zealand

Investment management fees for managing third party capital

Dealt Group (DET) provides investors with a target 6.0% p.a. distribution paid monthly 1.

Estimated breakdown of earnings assuming the maximum Capital Raise of $93.4 million. The table does not purport to be a forecast in respect of the Company or any particular business unit and has been prepared on the basis of the expected allocation of capital following the Capital Raising. Ultimately, the income generated from each business unit will be dependent on the relative success of each business unit and the amount of capital which is applied to those business units in the future.

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Capitalising on the Opportunity Access to a scalable CRE lending business that provides regular distributions from secure mortgages Technology Enabled Real Estate Lending Online lending platform with scalability including potential future overseas distribution agreements

Diverse Portfolio of RE Loans Diversified exposure to a portfolio of well secured, Commercial Real Estate (CRE) senior loans throughout metropolitan Australia and New Zealand

6.00% p.a. Target Distributions Paid Monthly(1) Derived from multiple income sources with a focus on capital preservation

Diversified Funding Sources Multiple capital options including warehouse facilities and private debt capital

Sponsor and Founders Co-investment 360 Capital Group and founders have committed up to 19.0% as co-investment capital(2)

15-Year Real Estate Track Record 360 Capital has never lost capital across its real estate lending activities. 360 Capital has transacted over $3 billion across the capital stack.

(1) On deployed funds (2) Assumes minimum capital raise of $35 million

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2. The Business

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An Introduction to \

dealt utilises underwriting models adapted from the big-4 Australian banks and an integrated feasibility calculation engine.

Our underwriting tool can assess construction, mezzanine and investment scenarios in minutes allowing lenders to sensitize key financial variables and covenants to “bid” on a project through dealt’s proprietary silent auction house.

Borrower’s can access over 65 alternative commercial real estate lenders from one application and assess key financial metrics on the proposed cost of funding.

Lender’s can bid on a project checking Internal Rates of Return against covenant suites. They can do so with greater confidence through our integration with various data providers which provides them with live property and credit data.

Watch Video

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Originate.

4-year track record in CRE lending

Dealt platform key differentiator to scale and accessing new markets Deals reviewed ($M) $4,000

445

$3,500 $3,000

deals screened for the four years ending June 2020

$2,500 $2,000 $1,500

Deals Reviewed Over $10.45 Billion

$1,000 $500 $FY2018

FY2019

FY2020

FY2021 to date

FY2021 - Full Year Annualised

Term Sheets Value ($m) $800

Term Sheets Issued $1.63 Billion

15.57% Terms issued of total deals reviewed

$700 $600 $500 $400 $300 $200

2.11%

$100 $FY2018

FY2019

FY2020

FY2021 to date FY2021 - Full Year Annualised

Deals Closed $220m*

* Average IRR – 15%

of loans reviewed, reach settlement

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Lend.

Diversified funding sources and products

DET leverages 360 Capital Group’s 15-year track record across real estate equity and debt investing.

Balance sheet capital used to lend and support the growth of the dealt platform.

Development

Bridging

Residual stock

Investment

Site finance

DET has a diversified product offering, covering all aspects of the real estate cycle from acquisition through the development process and stabilised investment property.

TGP through its managed funds have originated and financed over A$220 million in real estate credit transactions over the last three years, averaging over 15% IRR on capital invested.

Mezzanine

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Manage. Funds Management 360 Capital FM Limited has been appointed the Responsible Entity of Dealt Trust (part of DET) and will provide licensing, distribution capability and access to diversified funding sources. Dealt has been appointed as an Authorised Representative of 360 Capital’s AFSL allowing it to undertake funds management services.

Single Loans HNW Syndicates

Contributory Offerings Master Trust offering investors loan choice

Mandates Institutional and Third Party Mandates

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New Zealand Funds Management J.V. A 50:50 joint venture with PMG Group

DET proposes entering into a 50/50 joint venture with PMG Group.

Auckland Office Tauranga Office

Dealt.co.nz platform and fund to be launched in NZ – late 2021 Unlisted fund, initially targeting wholesale investors with 6.0% p.a.

PMG Group established in 1992 and has appropriate licensing, significant distribution capability and network PMG Group has grown FUM from NZ$294.4m to NZ$665.7m over four years, a proven ability to raise equity Christchurch Office

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3. dealt Platform

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Sample Lenders

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dealt’s Addressable market Highly scalable technology platform, leveraging partner network

Potential royalty or other revenue model in North America US commercial real estate credit market US$4 trillion

Potential capital through platform from Asia NZ commercial real estate credit market continuing to grow

AUST commercial real estate credit market AUD$270 billion

Joint Venture established Roll out 2021

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dealt partner integrations dealt has entered into an integration agreement with developmentready.com.au a leading commercial real estate listing site – driving qualified leads directly to dealt’s sale funnel

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4. Value Proposition

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Opportunity for growth 10-20% DET revenue composition from operating businesses Scalable revenue model over and above balance sheet lending Targeted earnings of 3.0cps

• Commenced in Australia • Expansion opportunities offshore – NZ and USA • Joint Venture in NZ with PMG Funds • New funds in Australia

• Recuring Interest Income • Target distribution of 6% per annum

1.

Estimated breakdown of earnings assuming the maximum Capital Raise of $93.4 million. The table does not purport to be a forecast in respect of the Company or any particular business unit and has been prepared on the basis of the expected allocation of capital following the Capital Raising. Ultimately, the income generated from each business unit will be dependent on the relative success of each business unit and the amount of capital which is applied to those business units in the future.

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5. Offer Details

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Sources, Applications and Ownership Min Raise

Max Raise

Broker Firm and General Offer

18.4

83.4

Balance Sheet Lending

Priority Offer

10.0

10.0

Sponsor Co-Investment1

4.8

Founder Co-Investment

1.8

Source of Funding ($m)

Applications ($m)

35.0

Max Raise

10.0

36.1

Investment Management Initiatives

5.0

32.0

4.8

Growth Initiatives

1.2

5.0

1.8

Acquisitions of Platforms

7.0

7.0

Repayment of Borrowings

10.0

16.0

1.8

3.9

35.0

100.0

Offer Costs Total Sources

Min Raise

100.0

Total Applications

Notes: 1. includes 360 Capital, 360 Capital REIT and Tony Pitt

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Key Offer Metrics Issue price

A$0.50 per new stapled security

Offer amount

A$93.4 million

Securities to be issued under the Offer

approx. [200] million new stapled securities

Pro forma market capitalisation

A$[105.69] million

Target Net Profit After Tax

[3.0]cps p.a.

Target Payout Ratio

100.0%

Target Distribution

[3.0]cps p.a.

360 Capital co-investment

Up to 16.1%

(1)

(1) Assumes minimum capital raise of $35 million

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Timetable Offer Document lodged with ASIC

Thursday, 18 March 2021

Capital Raising Record Date

Thursday, 18 March 2021

Management Roadshow

Monday, 29 March 2021 – Thursday, 6 May 2021

Priority Offer Period

Monday, 29 March 2021 - Thursday, 29 April 2021

General Offer and Broker Firm Offer Period

Monday, 29 March 2021 – Thursday, 6 May 2021

DVP Settlement of Capital Raising

Thursday, 13 May 2021

Issue of Shares under the Capital Raising

Friday, 14 May 2021

Completion of Business Acquisitions

Friday, 14 May 2021

Capital Reduction Record Date

Monday, 17 May 2021

Commencement of normal trading of Stapled Securities

Wednesday, 20 May 2021

All dates in the above timetable are indicative only. DET reserves the right to vary the dates and times set out above subject to the Corporations Act and other applicable laws.

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Appendix 1 Our Investment Process

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Credit and Due Diligence Processes Diversified funding sources

Origination

Due Diligence

Origination and Due Diligence

Credit Committee

Investment Committee

Investment Approval

Financial Close

Portfolio Monitoring

Execution and Portfolio Management

1

Market sourced transactions with developers, brokers, advisers, Dealt platform, accountants and intermediaries

1

Preparation of Credit Submission for Credit Committee

1

Externally prepared legal documentation in the form of Facility Agreement

2

Transaction structuring and financial modelling

2

Description of transaction, investment analysis, due diligence findings, risks & mitigants

2

Negotiations on terms and conditions with external counsel

3

New transaction brief to management team for indicative support

3

Presented to Credit Committee for Endorsement to Investment Management Board

3

Execution of necessary security documents including Registered Mortgage and Specific Security Agreements

4

Appropriateness of investment considered in light of overall fund return, capital availability, risk profile and alignment with fund strategy

4

Actively monitor against expectations, business plan and covenants. Maintain credit watch-list

4

Term sheet negotiations and mandate

5

Detailed Financial modelling and downside analysis

5

Ongoing relationship management with borrowers including regular sales progress updates

6

In depth management discussions

6

Quarterly Investment Management Board portfolio reviews

7

Third party due diligence including valuation, financial, tax, legal and operational

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Appendix 2 Boards and Management Team

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Dealt Group Board

Philip Raff

Peter Lewis

Non-Executive Director

Chairman Peter Lewis is the Chair of McGrath Ltd, a nonexecutive director of the Australian Broadcasting Corporation, a member of the Advisory Board for Anacacia Capital and an advisor for Gravity Media Group. He previously held board and advisory positions with 360 Capital, ANI Management, Capitol Health Limited, International Grammar School Sydney, TXA Australia Pty Ltd, Norwest Productions Pty Ltd, Australian News Channel Pty Ltd, B Digital Ltd, Vividwireless Pty Ltd, and Yahoo 7 Australia. He has extensive experience in financial management for media companies and has been the CFO of Seven Network Ltd, Seven Group Holdings Ltd, Seven Media Group, and Seven West Media Ltd. .

Tony Pitt

Philip was appointed a founding director of Velocity Property Group Limited in 2015 and drove the ASX Listing in 2016. Between 2013 and 2015 he was instrumental in funding several private developments. This was preceded by a 20 year career in the IT industry implementing large IT Deployments and driving the associated Business Transformation for Gateway, IBM and Lenovo.

Philip has a Bachelor of Business Degree in Accounting from Central Queensland University and worked in a Chartered Accounting firm for several years before entering the IT industry.

Philip is a licensed Real Estate Agent in Singapore, where he lives with his wife and three children. He is also Treasurer of his daughters’ gymnastics club.

Non-Executive Director Tony is a founding Director of 360 Capital and has worked in the property and property funds management industries for over 20 years. As Managing Director, Tony is responsible for the Group’s investments strategic direction and overall Group strategy. He has overseen the IPO on the ASX of three AREITs since 2012 as well as the creation of various unlisted funds, undertaken various corporate acquisitions and disposals, mergers and acquisitions and the ASX listing of 360 Capital Group.

Tony has formerly held numerous senior roles and directorships at Mirvac Group, James Fielding Group and Paladin Australia. He also held positions at Jones Lang LaSalle and CB Richard Ellis.

He graduated from Curtin University with a Bachelor of Commerce (Property), has a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia.

James Storey Non-Executive Director James has 15 years’ experience in real estate funds management with significant experience investing across debt, equity and corporate transactions.

James was the Fund Manager of the 360 Capital Office Fund (ASX: TOF) and 360 Capital Industrial Fund (ASX: TIX) with a combined gross assets of over A$1.1b and is currently the Head of Real Assets and Fund Manager of 360 Capital REIT (ASX:TOT). Prior to his tenure at 360 Capital, James held the role of Investment Manager at Brookfield Office Properties, Senior Analyst at Valad Property Group and worked for Ernst & Young within its Transaction Advisory Services team. James has a Bachelor of Business (Property Economics) from the University of Western Sydney and a graduate certificate of applied finance and investment.

He is also a licensed real estate agent and qualified valuer.

The Board of DET is responsible for overseeing the operations of DET across its three business activities. The Board fees are paid out of DET.

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Senior Management Team

Credit Committee

James Quigley Who brings more than 25 years’ experience in real estate investment, funds management and transactions across Australia. James has

Andrew Moffat

significant experience managing funds, both unlisted and listed delivering strong returns for investors and originating and executing transactions across all real estate asset classes. James has a track record across a well-diversified range of national and international property

Non-Executive Director Chairman of Credit Committee

and private equity real estate groups. Prior to joining the 360 Capital Group, James spent time at Fortius Funds Management, LaSalle Investment Management, Morgan Stanley Real Estate Investing, Mirvac and Lend Lease. James holds a Bachelor of Applied Science in Property Fund Manager

Resource Management from the South Australian Institute of Technology and a Graduate Diploma in Applied Finance and Investments from the Financial Services Institute of Australia.

Phillip Young

Ian Harrison Independent Credit Committee Member

Joined the Group in July 2016 as Chief Financial Officer and was appointed Company Secretary in August 2016. Prior to joining the Group, Phillip spent 13 years at Findex (formerly Crowe Horwath), a national mid-tier accounting firm. Phillip is a member of the Chartered Accountants of Australia & New Zealand and the Governance Institute of Australia. Phillip holds a Bachelor of Business in Accounting and Information Systems from Central Queensland University as well as a Graduate Diploma of Chartered Accounting. Phillip is a current member of the Urban Development Institute of Australia (UDIA) Qld finance and taxation committee.

Chief Financial Officer

Brett Palmer Independent Credit Committee Member

Genevieve Naughton Genevieve has over 8 years’ experience across real estate development and construction finance, loan origination and financial planning.

Prior to her current role, Genevieve was Risk and Compliance manager at Lambert Capital, a family office located in Melbourne.

Genevieve has a Bachelor of Business majoring in Economics and Finance at RMIT University and an advanced diploma in Financial Planning.

Investment Manager

James Collins James has 6 years of global real estate debt experience spread across both London and Sydney at Magnolia Capital Group, Octopus Real Estate Debt (UK based investment fund) and Westpac Banking Corporation. James has been directly involved in the origination of over c.$1B of commercial real estate debt transactions, specialising in development and acquisition finance. James has a focus on client interaction and the origination of new opportunities for investment. James holds a Bachelor of Business degree majoring in Accounting and Economics from the University of Technology, Investment Manager

Sydney (UTS) and is currently completing a Masters of Real Estate Investment at UTS.

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The Responsible Entity Board David van Aanholt David has over 30 years' experience in the property and funds management industry. Prior to establishing his own property group in 2007, David worked for the ASX listed Goodman Group where he was the Chief Executive Officer (Asia Pacific) and was responsible for Goodman's operations in Australia, New Zealand, Hong Kong and Singapore. Prior to working for Goodman David held senior roles at Paladin Australia and CDH Properties (acquired by KPMG). David holds a Bachelor of Business (Land Economy), a Post Graduate Diploma in Management, a Masters in Business Administration and he is a Fellow of the Australian Property Institute. David is a non-executive Director and Chairman of Kennard's Self Storage Group and a Councillor at the University of New England where he sits on the Audit and Risk, Finance and Infrastructure, Innovation and Renumeration Committees.

Tony Pitt Tony is a founding Director of 360 Capital and has worked in the property and property funds management industries for over 20 years. As Managing Director, Tony is responsible for the Group’s investments, strategic direction and overall Group strategy. He has overseen the IPO on the ASX of three AREITs since 2012 as well as the creation of various unlisted funds, undertaken various corporate acquisitions and disposals, mergers and acquisitions and the ASX listing of 360 Capital Group. Tony has formerly held numerous senior roles and directorships at Mirvac Group, James Fielding Group and Paladin Australia. He also held positions at Jones Lang LaSalle and CB Richard Ellis. He graduated from Curtin University with a Bachelor of Commerce (Property), has a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia.

John Ballhausen John is a financial services professional with over 35 years' experience. He is a founder of Quay Fund Services Limited providing trustee and responsible entity services to fund managers. He is also a non-executive director of Arctic Intelligence. John founded Rimcorp Property Limited and became its Managing Director.

In 2008, Rimcorp was successfully sold with approximately $100 million in funds under management spread over four registered property schemes. Before 2002 John held the position of Chief Investment Officer with HIH Insurance, with responsibility for more than $3 billion of funds across fixed interest, equities and property asset classes. John has a Bachelor of Commerce from the University of NSW, is a Fellow of the Financial Services Institute of Australasia and a Graduate of the Australian Institute of Company Directors.

Andrew Moffat Andrew has in excess of 23 years of corporate and investment banking experience, including serving as a director of Equity Capital markets and Advisory for BNP Paribas Equities (Australia) Limited. Andrew is the sole principal of Cowoso Capital Pty Ltd, a company providing corporate advisory services.

Andrew is also a Director of Pacific Star Network Limited and a Director of ICP Funding Pty Ltd. His past public company directorships include Rubik Financial Limited, Keybridge Capital Limited, CCK Financial Solutions Limited, itX Group Limited and Infomedia Limited.

1. The Responsible Entity of the Dealt Group is 360 Capital FM Limited and is a wholly owned subsidiary of the 360 Capital Group.

2. 360 Capital FM Limited holds an Australian Financial Services License (AFSL 221474) so is permitted to act as responsible entity of the Dealt Trust, part of the Dealt Group entities.

3. 360 Capital Group is an ASX-listed, alternative asset investment and funds management group concentrating on strategic investment and active investment management of alternative assets.

4. 360 Capital FM Limited charges a responsible entity fee of 0.05% of Gross Assets of Dealt Group to undertaking the responsible entity function of the Dealt Group 5. 360 Capital FM Limited has entered into a 10 year Investment Management Agreement and charges an investment management fee of 0.60% of Gross Assets of Dealt Trust to undertake certain management roles of DET.

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Appendix 3 Track Record and Ownership

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Recent Repayments 15 Years of real estate track record

Progressively drawn senior

Progressively drawn senior

Progressively drawn senior

Progressively drawn senior

Progressively drawn senior

Progressively drawn senior

Development of 162 room 4star hotel in Melbourne CBD Net Realisation1: $53.0m Facility Amount2: $36.3m (68.4% LVR) Internal Rate of Return (IRR): 16.8% p.a.

Term: 12.5 months Repaid via refinance with term debt at practical completion

Development of 2,396 sqm (GLA) medical centre in Sunbury, VIC Net Realisation1: $13.0m Facility Amount2: $ 9.3m (71.2% LVR) Internal Rate of Return (IRR): 14.6% p.a.

Term: 17 months Repaid via refinance

Construction of 30 residential apartments in Western Sydney Net Realisation1: $16.8m Facility Amount2: $ 8.2m (48.9% LVR) Internal Rate of Return (IRR): 13.5% p.a.

Term: 10 months Repaid via settlement of sales

Development of 28 room residential accommodation facility in Coogee, NSW Net Realisation1: $11.4m Facility Amount2: $ 8.0m (70% LVR / 80% LTC) Internal Rate of Return (IRR): 15.1% p.a.

Term: 20 months Repaid via refinance

Construction of pre-leased hotel in Perth, WA Net Realisation1:$76.0m Facility Amount2:$ 7.6m (70% LVR / 78% LTC) Internal Rate of Return (IRR): 16.8% p.a.

Development of 27 townhouses in Greenway, ACT Net Realisation1: $13.5m Facility Amount2: $ 9.7m (72% LVR) Internal Rate of Return

Term: 24 months Repaid via refinance

(IRR): 58.3% p.a.

Term: 6 months Repaid via early loan repayment

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Ownership Statistics Ownership Table

Current Shareholders 360 Capital Entities and Associates1 Directors2

Pre-Raise

Post Minimum Raise

$m

mill units

%

$m

mill units

%

$m

mill units

%

4.0

8.1

70.8%

4.0

8.1

9.9%

4.0

8.1

3.8%

1.1

2.3

20.0%

6.5

13.1

16.1%

6.5

13.1

6.2%

0.5

1.1

9.2%

0.5

1.1

1.3%

0.5

1.1

0.5%

1.2

2.4

2.9%

1.2

2.4

1.1%

28.4

56.8

69.8%

93.4

186.8

88.4%

40.7

81.4

100.0%

105.7

211.4

100.0%

Founders of DSS New Equity Total Sources

Post Maximum Raise

5.7

11.4

100.0%

Notes: 1. includes 360 Capital, 360 Capital REIT and Tony Pitt Notes: 2. includes Philip Raff, Director of Dealt Group

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Disclaimer This material has been prepared by Dealt Limited ABN 66 605 935 153 (formerly Velocity Property group Limited) (the Company) and 360 Capital FM Limited (ACN 090 664 396, AFSL 221474) (360 Capital) as the responsible entity for Dealt Trust (ARSN 646 156 005) (the Fund). The Company is the issuer of shares in the Company the 360 Capital is the issuer of units in the Fund. A prospectus /product disclosure statement (Offer Document) in respect of the offer of shares in Dealt Limited (the Company) and the acquisition of units in the Fund (the Stapled Securities) is available now and can be obtained by calling the 360 Capital Information Line on 1300 082 130 (within Australia) or +61 2 8016 2884 (from outside Australia) between the hours of 8.30am and 5.30pm Monday to Friday AEST (excluding public holidays) or on the Company website www.dealtgroup.com.au.

The Offer Document should be considered before deciding whether to acquire Stapled Securities. Anyone who wants to acquire the Stapled Securities will need to complete the application form that will be in or will accompany the Offer Document.

All information in this presentation is current as at the date prepared unless otherwise specified. It contains selected information and does not purport to be all inclusive or to contain all the information that may be relevant to any particular transaction. This presentation and the information in it are subject to change without notice.

This presentation is provided for general information purposes only, without taking into account the recipient’s investment objectives, financial situation or needs. It is not a prospectus/ product disclosure statement, pathfinder document or any other disclosure document for the purposes of the Corporations Act 2001 and has not been, and is not required to be, lodged with the Australian Securities Investments Commission.

Nothing in this presentation constitutes investment, legal, tax, accounting or other advice and the information contained in this presentation does not constitute financial product advice. The recipient should consider its own financial situation, objectives and needs, and conduct its own independent investigation and assessment of the contents of this presentation, including obtaining investment, legal, tax, accounting and such other advice as it considers necessary or appropriate. It is not an offer to buy or sell, or a solicitation to invest in or refrain from investing in, the Stapled Securities or any other investment product.

The Company and 360 Capital and its related bodies corporate and other affiliates and their respective directors, employees, consultants and agents (360 Capital Group) make no representation or warranty as to the accuracy, completeness, timeliness or reliability of the contents of this presentation. To the maximum extent permitted by law, no member of the Company and 360 Capital Group accept any liability (without limitation, any liability arising from fault or negligence on the part of any of them) for any loss whatsoever arising from the use of this presentation or its contents or otherwise arising in connection with it.

This presentation may contain forward looking statements, forecasts, estimates and projections (Forward Statements). Forward Statements include those containing such words as “ anticipate”, “estimates”,“ “should”, “could”, “may”, “expects”, “or similar expressions. Indications of and guidance or outlook on future revenues, distributions or financial position and performance or return or growth in underlying investments included in this presentation are also Forward Statements. No independent third party has reviewed the reasonableness of any such statements or assumptions. The Company nor any member of the 360 Capital Group represents or warrants that such Forward Statements will be achieved or will prove to be correct or gives any warranty as to the accuracy, completeness, likelihood of achievement or reasonableness of any Forward Statement, forecasts, projections, prospects, returns, or statements in relation to future matters contained in the information provided in this document. Except as required by law or regulation, the Company and 360 Capital assume no obligation to update Forward Statements. Such guidance, forecasts, projections, prospects, returns or statements are by their nature subject to significant unknown risk, uncertainties and contingencies, many of which are outside the control of the Company and 360 Capital Group, that may cause actual future result s to differ materially from those expressed or implied in such statements. There can be no assurance that actual outcomes will not differ materially from these statements. Similarly, no representation or warranty is made that the assumptions on which the Forward Statements are based may be reasonable. No audit, review or verification has been undertaken by the Company or 360 Capital Group. Past performance is not an indicator of future performance.

Note that the information is presented in Australian dollars, unless otherwise noted.