Questus : AGM Chairmans Address November 2020

27 November 2020ASX Code QSS

_____________________________________________________

CHAIRMAN'S ADDRESS PRESENTED AT QUESTUS LIMITED

ANNUAL GENERAL MEETING 10:00AM, 27 NOVEMBER 2020

Introduction and Welcome

Good morning Ladies and Gentlemen.

My name is David Somerville and I am the Chairman of Questus Limited (Questus).

I would like to welcome all shareholders and guests to the 2020 Annual General Meeting of the Company.

Before we commence with the formal business of this meeting, I would like to take this opportunity to introduce you to my fellow directors, Mr Robert Olde and Mr Graeme Goff.

I would also like to introduce Ms Elizabeth Lee, our Company Secretary.

Our Audit Director, Mr Conley Manifis of William Buck is in attendance in the room to answer any queries shareholders may wish to address to him.

As there is a quorum present, I therefore declare the meeting open.

Chairman's Address and Presentation

I will now present to you, the Chairman's address to the shareholders of Questus.

Financial Performance 2020

The results for the financial year reflect a loss after income tax of $209,980.

During the year, Questus has continued its involvement in the affordable housing sector through its delivery and compliance management of incentives in the now discontinued, Federal Government's National Rental Affordability Scheme (NRAS).

Notwithstanding the lock down due to COVID-19, our staff working from home were able to complete the assessment of the compliance the NRAS properties and upload required data with the Department of Social Services within the required timeline. I would personally like to thank our staff for the effort and professionalism during this difficult and unusual period.

The Future

The Company is currently suspended on the ASX and Management has continued to focus on repositioning the Company to enable the Company and Shareholders to pursue future growth and development.

Since the discontinuation of NRAS, and the Board resolved to seek alternate investment, the Board has considered 32 investment proposals. In the past 30 months, 4 of these proposals proceeded to Due Diligence. I can confirm that the Company is currently pursuing 1 opportunity, the intent of which is to proceed in the first quarter of 2021.

I would like to thank the Shareholders for their continued support, the Board and all the staff for their efforts and commitment to the Company.

This concludes the Chairman's address.

ENDS

For further information please contact:

David Somerville Executive Chairman [phone]

About Questus Limited

Questus Limited (QSS) is an Australian Securities Exchange listed Western Australian based funds and investment company.

Questus Limited is focused on providing innovative investment solutions for a range of investment funds, property-based trusts, syndicates, super fund property warrants and capital structuring services.

Questus was founded in 2003 and brings a wealth of experience and an established reputation in developing innovative and boutique investment products for the wholesale and retail investment markets.

2