ASX Announcement

Just as I was shutting down for the weekend, this came through.

Consideration is 4.5 x Gateways's FY23 EBITDA of $5.6m

So, 40% = $10.0 m

Paid as:

a) $4,894,433 cash

b) $5,974,729 in LBL shares based on a VWAP of $0.85444 per share.

$LBL has the right to acquire up to 51% in total.

Further shares to 100% at Gateway's shareholder's discretion.

Consideration for additional shares up to 4.5 x EBITDA up to a max. of 3 years average EBITDA. Method of cash and / or scrip to be decided at the time.