Echoice : 17/06/2016 – Approval from ASX Delist PDF

35735aaa-daf1-44ff-82c6-dd67f1fbe3a1.pdf ASX Release

17 June 2016

Company Announcements

Australian Securities Exchange Limited 20 Bridge Street

Sydney, NSW 2000

Dear Sirs

REMOVAL OF ECHOICE FROM THE OFFICIAL LIST OF ASX

eChoice Limited (ASX: ECO) (Company) announces that it has received written approval from the ASX to be removed from the official list of ASX, subject to the following conditions:

1. the Company's removal from the official list is approved by ordinary resolution of securityholders of the Company;

2. the Company's removal from the official list will take place no earlier than one month after approval is granted; and

3. the Company releases the full terms of the ASX's decision to the market immediately.

The full decision of ASX is set out in the attachment to this announcement.

As noted in the announcement lodged by the Company yesterday, a resolution proposing the delisting of the Company was approved by 92.9 % of shareholders who voted on the delisting resolution at the Extraordinary General Meeting of the Company held yesterday.

The date of the Company's removal from the official list will be decided by ASX in consultation with the Company (Delisting Date), however, this will take place no earlier than one month after shareholder approval was granted. The Company will provide a further update to the market once the Delisting Date has been confirmed.

The reasons for seeking removal from the official list and the consequences for the entity and its security holders if it is removed from the official list are set out in the notice of meeting and accompanied explanatory statement announced to the ASX on 12 May 2016.

Dustine Pang Company Secretary eChoice Limited ATTACHMENT - ASX DECISION DECISION

1. Based solely on the information provided, ASX Limited ("ASX") resolves to remove eChoice Limited (the "Company") from the official list of ASX pursuant to Listing Rule 17.11, on a date to be decided by ASX in consultation with the Company, subject to compliance with the following conditions.

2. The Company's removal from the official list of ASX is approved by ordinary resolution of securityholders of the Company.

3. The Company's removal from the official list of ASX will take place no earlier than one month after approval is granted.

4. The Company releases the full terms of this decision to the market immediately.

5. ASX has considered Listing Rule 17.11 only and makes no statement as to the Company's compliance with other Listing Rules.