ISRAEL: CONTRIBUTOR OF OVER $A1.5B ASX MARKET CAPITALISATION.

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1 ISRAEL: CONTRIBUTOR OF OVER $A1.5B ASX MARKET CAPITALISATION

2 Israeli Listings Thematic ASX is attractive to Israeli (and other foreign) companies due to; 1. Offering a single main board listing at an earlier stage versus peers where alternatives include junior board listings or private capital raisings. 2. ASX offering earlier access to public markets and index inclusion than other major centres such as NYSE & NASDAQ. 3. ASX having a long and proven history of supporting earlystage growth companies with a supportive investor base. 4. The ASX being well versed in the listing of foreign stocks, particularly from those with constrained domestic capital markets. 5. Strong peer groups in most industry sectors including tech and healthcare. 6. A robust regulatory environment. 7. Opportunities to use Australia as a springboard to Asia. 8. The combined market capitalisation of the ASX s 16 Israeli companies now exceeding $A1.5B and growing. 9. A strong peer group amongst the highest growing sector of Israeli companies coming from innovative technology firms.

3 Current Israeli Listed Companies Analysis Focused effort in Israel yielding 10 listings during FY17 Company Name Business Summary Ticker Listing Date Issue Price Current Price September-17 (Bloomberg) Price Performance Since Listing Capital Raised Market Cap on Listing Market Cap September-17 (Bloomberg) 1 Vivid Technology Limited Renewables/Industrial VIV 04-Feb-08 $ 0.30 $ % $ 20,000, $ 30,000,000 $ 19,504,457 2 Audio Pixel Holdings Limited Sound reproduction AKP 01-Feb-11 $ 3.85 $ % N/A $ 89,677,908 $ 511,781,573 3 MMJ Phytotech Limited Medical Cannabis MMJ 22-Jan-15 $ 0.20 $ % $ 5,932, $ 8,186,482 $ 71,376,914 4 Fluence Corporation (Formerly Emefcy Limited) Wastewater treatment FLC 23-Dec-15 $ 0.20 $ % $ 13,813, $ 35,487,481 $ 290,559,644 5 MGC Pharmaceuticals Ltd Medical Cannabis MXC 23-Feb-16 $ 0.04 $ % $ 5,000, $ 34,891,064 $ 48,250,783 6 Sky and Space Global Communications SAS 31-May-16 $ 0.02 $ % $ 4,500, $ 24,574,327 $ 287,174,543 7 Weebit Nano Ltd Computer memory storage WBT 02-Aug-16 $ 0.05 $ % $ 10,000, $ 61,361,410 $ 22,335,948 8 Creso Pharma Medical Cannabis CPH 20-Oct-16 $ 0.20 $ % $ 5,000, $ 11,545,000 $ 47,936,117 9 Dotz Nano Graphene Quantum Dotz (Technology) DTZ 15-Nov-16 $ 0.20 $ % $ 6,000, $ 21,996,888 $ 15,923, Hearmeout Social Media HMO 06-Dec-16 $ 0.20 $ % $ 5,500, $ 13,151,998 $ 8,548, Dragontail Restaurant tech DTS 21-Dec-16 $ 0.20 $ % $ 6,000, $ 34,700,000 $ 43,375, Ultracharge Lithium Batteries UTR 21-Dec-16 $ 0.05 $ % $ 3,500, $ 37,486,777 $ 19,065, e-sense lab ltd Virtual Plants Tech ESE 01-Feb-17 $ 0.20 $ % $ 3,500, $ 12,372, $ 10,516, Mobilicom Mobile Tech MOB 02-May-17 $ 0.20 $ % $ 7,500, $ 43,500, $ 29,345, G Medical Innovations Mobile/e-health solutions GMV 08-May-17 $ 0.20 $ % $ 12,000, $ 47,000, $ 128,103, Elsight Security and Surveillance Data ELS 08-Jun-17 $ 0.20 $ % $ 5,000, $ 16,676, $ 22,929,883 Average Return = 98% Total Mkt Cap = $ 1,576,728, *Source: Bloomberg, 14 September 2017

4 What the Pipeline Looks Like Israel's Cybergym picks Melbourne as global headquarters ahead of ASX IPO Israeli cyber security training company CyberGym will move its global headquarters to Melbourne, creating 60 jobs over three years, and joining the likes of the US Department of Homeland Security as participants in the city's emerging cyber security hub. 3 April 2017 Israeli cyber firm Votiro raises $11.2 million from Aussie investors Israeli cyber security company Votiro Cybersec has closed a $11.2 million capital raise from Australian investors, ahead of an imminent expansion down under and an IPO on the Australian Securities Exchange. The company's pre-ipo round, which it said was oversubscribed 17 July 2017

5 CY16 Number of IPOs ASX is a globally competitive market Source: ASX, HKEX, TSX, EY, Nasdaq, JPX, LSE, NYSE, SGX ASX includes stapled securities and debt listings; HKEX includes GEM; TSX includes TSX-V listings; LSE includes AIM listings; Singapore Exchange includes Catalist; NZX includes NXT listings

6 Expanding listings franchise Foreign and technology listings success Globally respected market - 3 rd largest in Asia based on free float market capitalisation Developing critical mass of technology listings. Technology sector is now third largest by number of listings and continues to grow with 40 new listings 1 in FY17 Success in attracting foreign listings including from New Zealand, Singapore, Malaysia, Israel and the United States. Focused effort in Israel yielding 10 listings during FY17 Sweet spot for companies listing with a market capitalisation between $50 million and $500 million ASX technology new listings 1 FY13 FY14 FY15 FY16 FY17 ASX foreign new listings 1 FY13 FY14 FY15 FY16 FY17 1. Includes IPOs and backdoor listings

7 ASX is a vibrant market for large and small cap tech IPOs Over 65 ASX Tech IPOs in the past 3 years Market Cap at IPO $2.1bn $974m $819m $542m $480m $312m $267m $218m $169m $168m $154m $108m $105m $85m $73m $66m

8 Relatively early stage access to key indices versus global peers ASX offers access to key indices at a relatively early stage versus global peers Overall valuations match or exceed those found in other global markets Minimum Company Size* (US$) S&P/ASX 200 $520m FTSE 100 $3.9bn S&P 500 $5.3bn S&P/ASX 300 $225m NASDAQ 100 $4.5bn Hang Seng $5.8bn *Indicative values based on eligibility criteria or inclusions as at last rebalance.

9 Access a global network of investors Institutional Ownership S&P/ASX 200 Index Asia, 8% RoW, 1% Europe, 14% Australia, 55% North America, 23% Top Institutional Investors Source: Orient Capital, February 2017.

10 Case study: Fluence Limited (FLC) Business Overview Price performance, rebased at listing date Fluence is the global leader in the delivery of innovative, costeffective decentralized water, wastewater, and reuse solutions for businesses and communities anywhere in the world. RWL Water and Emefcy merged to become Fluence in July Purpose of the Offer Further Research and Development Fund ongoing company administration expenses Commercialisation of Emefcy products Allocation of Working Capital FLC ASX 200 ASX 300 Indust. 250% 11% 17% Listing Snapshot At Listing Listing Date: 23 December 2015 Market Cap at Listing: $35.5 million Capital Raised: $15.0 million Offer Price: $0.20 Price/Sales: NA EV/EBITDA: NA Lead Managers: Henslow As at 31 August 2017 Market Cap: $274.8m Share Price: $0.7 Price/Sales (Forward): Institutional & insider shareholding by geography Follow on capital raise, $ Jul 16 Emefcy merges with RWL to form Fluence 14 Jul 17 Israel 30% United States 30% 70 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Jan-17 Feb-17 Mar-17 Apr-17 May-17 May-17 Jun-17 Jul-17 Aug-17 Australia 40% 10

11 Case study: Sky and Space Global (SAS) May Jun Jun Jul-16 Business Overview Price performance, rebased at listing date Sky and Space Global is a UK incorporated company with European and Israeli centres which plans to deploy nano-satellites constellations in orbit to provide global communication infrastructure. 26-Jul Aug Aug-16 Follow on Capital Raise, $5.1m 06-Sep-16 5 Dec Sep Oct Oct Nov Nov Nov Dec Dec Jan Jan-17 Purpose of the Offer Increase of available Working Capital and corporate administration costs Nano-satellite construction and ground station costs Licensing and operational costs Launch costs SAS ASX 200 ASX 300 Info. Tech. 561% 6% 3% 07-Feb Feb Mar Mar Apr Apr May May May-17 Follow on Capital Raise, $10m 13-Jun May Jun Jul Jul Aug Aug-17 At Listing Listing Date: 31 May 2016 Market Cap at Listing: $25.5 million Capital Raised: $4.0 million Offer Price: $0.02 Price/Sales: NA EV/EBITDA: NA Lead Managers: Patersons As at 31 August 2017 Market Cap: $287.2m Share Price: $0.18 Price/Sales (Forward): NA Israel 96% Listing Snapshot Institutional & insider shareholding by geography Australia 4% 11

12 Case study: Updater (UPD) Dec-15 Jan-16 Feb-16 Business Overview Price performance, rebased at listing date Updater is a New York City based company that develops technology to improve the consumer relocation process in the US. Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Follow on capital raise, $30M 28 Sep 16 Sep-16 Oct-16 Nov-16 Purpose of the Offer Fund Updater s continued expansion throughout the US Expand Updater s workforce to boost and improve sales capacity, client and customer service, product development and engineering capabilities Fund working capital requirements UPD ASX 200 ASX 300 Info. Tech. 322% 11% 4% Dec-16 Jan-17 Feb-17 Mar-17 Follow on capital raise, $50M 7 Sept 17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Listing Snapshot Listing Date: 7 December 2015 Market Cap at Listing: $85.3m Capital Raised: $22m Offer Price: $0.20 Price/Sales: NA EV/EBITDA: NA Lead Manager(s): Euroz, Moelis & Company Market Cap: $712.6m Share Price: $1.46 Price/Sales (Forward): At Listing Institutional & insider shareholding by geography US 85% As at 31 August 2017 Australia 15% 12

13 Listings Team with Global Experience Max Cunningham Executive General Manager Listings & Issuer Services Ex Goldman Sachs ECM Sydney & New York and Macquarie Institutional Desk London Eddie Grieve Head of Listings & Issuer Services Over 25 years experience in equity capital markets James Posnett Senior Manager Listings Business Development Ex-International Listings MD at NYSE Euronext in London Kate Galpin Business Development Manager Ex-AllianceBernstein in London & Asia Pac Josh Collard Business Development Manager Ex-Morgan Stanley and Nomura, London asx.com.au/listings