CLT: MC$ 16m SP: 7.9c  Cash: $9m Sector: Tech Retail/Gaming distributor/5g Apple

December 2020 November Trading Update

•November revenue (unaudited) of $14.78m, up 27% year-on-year

•November net profit before tax (unaudited) of $1.19m, up 174% year-on-year

•YTD net profit before tax (unaudited) of $2.79m, up $2.04m on same period last year

•Continued retail momentum including iPhone12and console gaming accessories

Cellnet Group Limited (‘Cellnet”or the “Company”) has previously advised that it is experiencing strong trading conditions, with (unaudited) net profit before tax of $1.6million in the July to October period. Cellnet is pleased to announce that this momentum has continued, with (unaudited) net profit before tax of $1.19million for November 2020, up 174% on the corresponding period last year.Commenting on the announcement, Cellnet’s Chief Executive, Dave Clark, stated, “We continue to bepositive about the current financial year, with the business performing very well across all categories and strong demand being experienced in the lead-up to Christmas.