Sept 21 Quarterly Activities Report & Appendix 4C - Revised

For personal use only

12 November 2021

ASX ANNOUNCEMENT

Quarterly Activities Report - Revised

engage:BDR Limited ('Company', 'Engage' or 'EN1') provides an amended September 2021 Quarterly Activities Report and Appendix 4C lodged with the ASX on 29 October 2021 correcting its reporting of proceeds from issues of equity securities due to an error in the consolidated cashflow calculations.

The amendments in the revised Quarterly Activities Report and Appendix 4C apply only to the following items:

Quarterly Activities Report

Correction to disclosure of cash balance under	Original: $2.3M
point two of the Highlights section from	Corrected: $1.76M
Correction to disclosure of cash balance under	Original: $2.3M
paragraph two	Corrected: $1.76M

Appendix 4C

Item 3.1 - Proceeds from issues of equity	Quarter and Year to Date
securities	Original: 1,913,499
	Corrected: 1,378,867
Item 3.10 - Net cash from / (used in) financing	Quarter
activities;	Original: 1,868,799
	Corrected: 1,334,167
	Year to date
	Original: 1,565,220
	Corrected: 1,030,588
Item 4.4 - Net cash from / (used in) financing	Quarter
activities;	Original: 1,868,799
	Corrected: 1,334,167
	Year to date
	Original: 1,565,220
	Corrected: 1,030,588
Item 4.6 - Cash and cash equivalents at end of	Quarter and Year to Date
period;	Original: 2,298,885
	Corrected: 1,764,253

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Item 5.1 - Bank balances;	Quarter
	Original: 2,298,885
	Corrected: 1,764,253
Item 5.5 - Cash and cash equivalents at end of	Quarter
period;	Original: 2,298,885
	Corrected: 1,764,253
Item 8.2 - Cash and cash equivalents at end of	Original: 2,298,885
period;	Corrected: 1,764,253
Item 8.4 - Total available funding.	Original: 5,435,271
	Corrected: 4,900,639
Item 8.5 - Estimated quarters of funding available	Original: 5
	Corrected: 4.93

For further investor enquires please contact Viriathus Capital on 1300 509 924 or please email [e-mail].

On behalf of the Board

Ted Dhanik

Co-Founder and Executive Chairman

For personal use only

29 October 2021

ASX ANNOUNCEMENT

Quarterly Activities Report,

Acquisition, and NASDAQ

Q3 2021 Highlights

• EN1 Total revenue until 30 September 2021 was $10.6M
• Cash balance grew to $1.76M from $1.4M (Q2)
• Net cash used in operating activities improved to A$993K
• EN1 signed a non-binding LOI to acquire ColorTV, a CTV platform with 24 incremental buyer integrations on 14 September 2021
• EN1 filed an F20 with the SEC on 6 January 2021 to cross-list EN1 on the Nasdaq with several dozen U.S. AdTech peers

engage:BDR Limited ('Company', 'Engage' or 'EN1') trading update and commentary regarding Q3 2021 performance and activities.

Net cash [used in] operating activities was $A993K; cash balance at the end of quarter was A$1.76M. One-time, extraordinary legal expenses in Q2 2021 totalled A$170K, which were comprised of trade creditor settlement (existing balance sheet liability) and attorneys fees.

Receipts from customers totalled $2.58M. Staff costs were A$661K. Administrative and corporate costs improved 22% to A$687K, over the previous quarter.

During in the first week of August until late September, EN1's largest client experienced technical integration issues and was temporarily paused,

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intermittently. These issues were resolved by the end of the September and the customer resumed buying. This issue affected revenue and collections for the quarter.

During the quarter there were payments of $239,044 associated with executive and non-executive fees paid to Directors fees for the September 2021 quarter. This is outlined in section 6.1 of the Appendix 4C.

Non-binding LOI to acquire ColorTV

EN1 is pleased to announce it has entered into a non-binding Letter of Intent to acquire ColorTV, an Orange County California, Connected TV (CTV) platform founded by industry veterans from Tapit, Millennial Media, Samsung and other industry leading companies. ColorTV's tech and team will continue to build upon EN1's cross device capability and further entrench its position within the CTV market.

"Helping brands reach their target audience continues to be at the core of our mission," says CEO and Co-founder Ted Dhanik. "ColorTV strengthens our ability to serve our customers and expand into the growing CTV market."

ColorTV has a strong existing customer base that includes 24 integrations. At the completion of the proposed acquisition, these integrations will add recurring revenue to EN1. The proposed ColorTV acquisition is a continuation of EN1's CTV strategy, where each new integrations adds incremental, recurring revenue.

Built by AdTech veterans, ColorTV's tech and relationships will bolster EN1's offering as marketers shift their focus to interact with consumers as they cut the cord. ColorTV's software helps publishers increase user retention and ad revenue by automating and personalising video recommendations based on user consumption habits across Mobile, OTT, CTV and Web. Brands leverage ColorTV's consumption, interaction and personalisation data as well as predictive analytics to deliver ads across CTV/OTT/Mobile and Web with greater precision.

EN1's vision is to combine ColorTV's powerful predictive analytics and

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proprietary ad executions with EN1's mediation platform AdCel. The result will be a platform that enables publishers to efficiently manage their monetisation stack and scale user retention to grow ad revenues through powerful content recommendations backed by rich audience data across all properties. This unified platform will also allow publishers to package inventory based on buyer demands as it relates to audience segmentation and promises to provide brands and agencies a more concise mechanism to target their ideal customer across any device with specific emphasis on CTV/OTT.

The acquisition of ColorTV strategically positions EN1's greater success as it pivots towards solving present and future supply and demand challenges within the fast-growing CTV and OTT landscape. ColorTV, bringing a highly unique and differentiated product to the marketplace gives EN1 a clear-cut value proposition to both buyers and sellers as evidenced by the 24+ unique new integrations it brings to the Company. These 24 new integrations will enable swift execution and monetisation of all new CTV/OTT supply and demand relationships the EN1 business development team sources.

SEC 20F Filing to cross-list on the NASDAQ

On 6 January 2021, EN1 filed a form 20F with the U.S. Securities Trade Commission to cross-list EN1 on the NASDAQ. Management is excited to potentially be listed with dozens of EN1's U.S. AdTech peers with trading multiples averaging at 20 times trailing 12 months' revenue.

The SEC responded to the submission in April and June 2021 with final commentary, which required three years' audited financials by a PCAOB certified audit firm. Since EN1 works with Australian auditors, the financials needed to be re-audited. Management signed a new U.S. audit firm; the audit is currently underway and expected to finish in the next 45-60 days. Once the audits have been signed off, EN1 will resubmit the 20F filing to the SEC and NASDAQ for approval.

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