Openn Negotiation : Investor Presentation - Euroz Hartleys Conference

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INVESTOR PRESENTATION

March 2022

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DISCLAIMERS

Important information and disclaimers

Openn Negotiation Ltd (ACN 612 329 754) ("Openn" or "the Company"). Purpose of Document This document has been prepared by Openn Negotiation Ltd (ACN 612 329 754) ('Openn') for the sole purpose of providing high-levelinformation of a general nature regarding Openn, its wholly-ownedsubsidiary, PP Valley Pty Ltd (ACN 612 338 477) trading as 'Openn Negotiation' ('Openn Negotiation'), the group business and Openn's securities.

Indented Recipients

This document provided personally and in confidence to a restricted number of recipients who are intended

to be persons within Australia to whom securities may be offered and issued without the need for a prospectus or other disclosure document, being a person within one of the categories in section 708 of the Corporations Act 2001 (Cth). Persons who do not meet this requirement but who come into possession of this document should return it to Openn. Any forwarding, distribution or reproduction of this document (in

whole or in part) is prohibited.

Geographical Restrictions

This document is not intended to be provided to any person in a jurisdiction outside of Australia unless

specifically approved by Openn on a case-by-case basis. The distribution of this document outside of Australia may be restricted or regulated by foreign securities laws. Openn has not taken any action register or qualify this document with any governmental or regulatory body, either in or outside of Australia. Persons outside of Australia who come into possession of this document should return it to Openn.

Not Investment Advice

This document is not investment advice and should not be relied upon to make any investment decision.

Nothing in this document is a recommendation to invest in Openn. Openn does not purport to give any financial or investment advice. Account has not been taken of the objectives, financial situation or needs of any recipient of this document.

No Recommendation

This document is not a recommendation to apply for or purchase any securities in Openn. Any decision to invest in Openn must be based on an investor's own circumstances, investigations, analysis and assessment of Openn's current and proposed operations and prospects. Further, due to its early stage of development, any investment in Openn should be considered speculative.

Not Disclosure Document

This document is not a prospectus, product disclosure statement or other regulated investment disclosure

document. The level of disclosure in this document is less than in such disclosure documents. Accordingly, this document does not purport to contain all of the information that a prospective investor or their advisers may require to make an evaluation of Openn, its securities or its business activities.

Not an Offer or Invitation

This document does not make or contain any offer of securities, invitation to subscribe for

securities, or any other offer to invest in Openn to any person. No money or other consideration is being solicited by this presentation. Specifically, it is not an offer, solicitation, nor a specific recommendation with respect to the subscription for, purchase, subscription or sale of any security, nor is it circulated to invite offers to purchase any security. It is for general information purposes

only.

Accuracy of Information

Openn does not give any warranty, representation or assurance (express or implied) as to the accuracy, reliability, relevance or

completeness of the information and material contained in this document. The information in this document may be in summary/abbreviated form. Nothing contained in this document is, or may be relied upon, as a promise,

undertaking, representation or warranty, whether as to the past or the future. To the extent permitted by applicable law, Openn disclaims any responsibility for the accuracy or completeness of the information or material contained in this document,

and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information or material in this document or of any error or omission in relation to the same.

Forward-Looking Statements

This document contains forward-looking statements which may be predictive in nature and incorporate an element

of uncertainty or risk, such as 'intends', 'may', 'could', 'believes', 'estimates', 'targets' or 'expects'. These statements are based on an evaluation of current economic, financial and operating conditions, as well as assumptions regarding future events. There cannot be any assurance that such events will occur as anticipated, or at all, given that many of the events are outside Openn's control. The stated events may differ materially from the ultimate results or circumstances. Accordingly,

Openn does not warrant or represent that the results, performance, outcomes or achievements expressed or implied by the forward- looking statements contained in this document will actually occur as and when stated, or at all. Further, other than as required by law, Openn may not update or revise any forward-looking statement if events subsequently occur or information subsequently becomes available that affects the original forward-looking statement.

Professional Advice

Recipients of this document should consider seeking appropriate professional financial, taxation, accounting, investment and/

or legal advice in relation to the document and all other information with respect to Openn, including evaluating its business, financial performance, securities and operations.

Risks

An investment in Openn, as with any investment, involves a degree of risk. Recipients should consider the risks carefully before making any investment decision. A key risks section is included at the end of the document.

Exclusion of Implied Terms

Openn excludes all terms, conditions, warranties or guarantees that are implied into this document by law, to the maximum extent possible.

Proprietary Information and Copyright

This document and the information it contains is proprietary to Openn. Openn holds the copyright in this document.

Except as permitted under the Copyright Act 1968 (Cth), this document must not be reproduced, copied or distributed (whether in wholly or in part) without Openn's written permission.

Benefit of Disclaimers

To the extent permitted by law, the disclaimers and other provisions above are for the benefit of, and may be relied upon

by, Openn and Openn Negotiation, as well as their respective directors, officers, employees, contractors, agents and advisors (as applicable).

Date of Information

The contents of this document have been prepared having regard to the information available at November 2020.

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OVERVIEW

Openn offers innovative sales processes for real

estate transactions, combining the ease of private treaty, the transparency of auction and cutting-edge technology to ensure the best possible sales outcome for sellers and buyers, facilitated by the Agent.

OPENN SOLVES NUMEROUS INDUSTRY PROBLEMS

Sub-optimal pricing outcomes

Maximises competitive tension by

allowing conditional and unconditional buyers to compete through transparent price discovery

The public demand transparency Offers buyers and sellers a consistent

and trustworthy process that provides proof of a property's market value

Real estate transactions and data are fragmented

Digitises and automates the transaction, creating unique depth of market data and efficiencies throughout the real estate journey

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COMPANY SNAPSHOT

CAPITAL STRUCTURE

ASX Code	OPN
Cash (as at 31 December 2021)	$6.48M
Top 20 Shareholders (as at 31 December 2021)	70.42%
Share Price (as at 9 March 2022)	$0.16
Shares on Issue*	193,786,121
Employee Performance Rights**	14,559,000
Unlisted Options***	2,934,519
Market Capitalisation (undiluted as at 9 March 2022)	$31.01m

*76,521,315 securities escrowed until 21/07/23

**2,934,519 Lead Manager Options exercisable at $0.24, expiring 20/01/25

***11,309,000 Class A performance rights, 3,250,000 Class B performance rights

BOARD AND MANAGEMENT

WAYNE ZEKULICH	PETER GIBBONS	DUNCAN ANDERSON
NON-EXECUTIVE	MANAGING DIRECTOR,	EXECUTIVE DIRECTOR,
CHAIRPERSON	FOUNDER	CHIEF TECHNOLOGY OFFICER

SHAREHOLDER MIX

as at 9 March 2022

37% 41%

13% 9%

Directors & Founders		Institutional Investors
Substantial Investors		Other Shareholders

DARREN BROMLEY	DANIELLE LEE	SEAN ADOMEIT
EXECUTIVE DIRECTOR,	NON-EXECUTIVE DIRECTOR	CHIEF EXECUTIVE OFFICER
COMPANY SECRETARY,		AU/NZ
CHIEF FINANCIAL OFFICER

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CORPORATE RESTRUCTURE

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HIGHLIGHTS:
use	Sean Adomeit is appointed
•
	CEO AU/NZ of Openn,
	overseeing the Australian and
	New Zealand markets
• Ex-Domain executive, James
personalr	Fitzgerald, appointed to the
senior team
New organisational structure
•

allows executive directors, Peter Gibbons and Duncan Anderson, to focus on Openn's North American launch

Sean Adomeit

CEO AU/NZ

James Fitzgerald

General Manager, Product

Marketing

Peter Gibbons

Managing Director

Darren Bromley		Duncan Anderson
CFO AU/NZ		CTO

Biju Kalissery		Hamilton Colyer-Long
	General Manager Product
Architect
	Delivery

USA OPERATIONS

Duncan Anderson

President North America

Eric Bryant

Director of Operations

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