Assetowl : Upcoming Release of Shares from Escrow and Appendix 3B

ASX Announcement

3 August 2017

UPCOMING RELEASE OF SHARES FROM ESCROW AND APPENDIX 3B

AssetOwl Limited (ASX code: AO1) (Company) refers to its announcement and Appendix 3B of 1

February 2017 ('Correction of Appendix 3B').

Pursuant to ASX Listing Rule 3.10A, the Company advises that 74,678 fully paid ordinary shares in the Company will be released from ASX escrow restrictions on 5 August 2017. The Appendix 3B which accompanies this announcement seeks quotation of these shares following release.

The above shares were issued by the Company as part of the consideration paid for the acquisition of AssetOwl Technologies Pty Ltd (formerly named AssetOwl Pty Ltd) in December 2016.

***ENDS***

For further information, shareholders and media please contact:

Bruce McCracken/Simon Trevisan Fleur Hudson

Executive Directors Company Secretary

[phone] [phone]

AssetOwl Limited ACN: 122 727 342

Level 14, 191 St George's Terrace, Perth, Western Australia 6000

Telephone: (61) (8) 9424 9320 Facsimile: (61) (8) 9321 5932

www.assetowl.com

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Appendix 3B New issue announcement Appendix 3B

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX's property and may be made public.

Introduced 01/07/96 Origin: Appendix 5 Amended 01/07/98, 01/09/99, 01/07/00, 30/09/01, 11/03/02, 01/01/03, 24/10/05, 01/08/12, 04/03/13

Name of entity

AssetOwl Limited

ABN

12 122 727 342

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1	+Class of +securities issued or to be issued	Fully paid ordinary shares - released from ASX escrow restrictions
2	Number of +securities issued or to be issued (if known) or maximum number which may be issued	74,678 shares
3	Principal terms of the +securities (e.g. if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	The shares are fully paid ordinary shares in the capital of the Company.

+ See chapter 19 for defined terms.

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Appendix 3B New issue announcement

4	Do the +securities rank equally in all respects from the +issue date with an existing +class of quoted +securities? If the additional +securities do not rank equally, please state: the date from which they do the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment	The shares rank equally with existing fully paid ordinary shares.
5	Issue price or consideration	Issued for nil cash consideration. Shares were issued as part of the consideration paid for the acquisition of AssetOwl Technologies Pty Ltd (formerly named AssetOwl Pty Ltd) in December 2016.
6	Purpose of the issue (If issued as consideration for the acquisition of assets, clearly identify those assets)	Refer to item 5 above.
6a	Is the entity an +eligible entity that has obtained security holder approval under rule 7.1A? If Yes, complete sections 6b - 6h in relation to the +securities the subject of this Appendix 3B, and comply with section 6i

+ See chapter 19 for defined terms.

Appendix 3B Page 2 04/03/2013

6b The date the security holder resolution under rule 7.1A was passed

6c Number of +securities issued without security holder approval under rule 7.1

6d Number of +securities issued with security holder approval under rule 7.1A

6e Number of +securities issued with security holder approval under rule 7.3, or another specific security holder approval (specify date of meeting)

6f Number of +securities issued under an exception in rule 7.2

6g If +securities issued under rule 7.1A, was issue price at least 75% of 15 day VWAP as calculated under rule 7.1A.3? Include the

+issue date and both values. Include the source of the VWAP

calculation.

6h If +securities were issued under rule 7.1A for non-cash consideration, state date on which

valuation of consideration was released to ASX Market Announcements

6i Calculate the entity's remaining issue capacity under rule 7.1 and rule 7.1A - complete Annexure 1 and release to ASX Market Announcements

7 +Issue dates

Note: The issue date may be prescribed by ASX (refer to the definition of issue date in rule 19.12). For example, the issue date for a pro rata entitlement issue must comply with the applicable timetable in Appendix 7A.

Cross reference: item 33 of Appendix 3B.

+ See chapter 19 for defined terms.

Appendix 3B New issue announcement

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