Reasons to accept the Humanforce Offer

(a) The Humanforce Offer Price of $0.24 per intelliHR Share represents a

significant premium to the recent trading price of intelliHR Shares prior to

the announcement of the Humanforce Scheme

The Humanforce Offer Price of $0.24 per intelliHR Share represents a significant

premium of:

(i) 281% to the closing price of intelliHR Shares of $0.063 on the

Undisturbed Share Price Date; and

(ii) 2% to the last offer made by TAG of $0.235 per intelliHR Share under its

proposed off-market takeover bid announced to the ASX on 3 April 2023.

If you do not accept the Humanforce Offer and Humanforce does not achieve a

Voting Power of at least 90% at the end of the Humanforce Offer Period which

would enable it to Compulsorily Acquire any remaining intelliHR Shares, you will

remain a minority shareholder and your intelliHR Shares may trade at a price that

is below the Offer Price

Tax:

(d) The tax implications of the Humanforce Offer may not be suitable to your

financial circumstances or position

If you accept the Humanforce Offer, there may be tax consequences that result

for you as an intelliHR Shareholder, some of which may be adverse.

The tax consequences that will arise for you from your acceptance of the

Humanforce Offer will depend on your specific circumstances.

A general guide to the Australian taxation implications of the Humanforce Offer is

set out in section 8 of the Bidder’s Statement. However, intelliHR Shareholders

should consult with their own independent taxation advisors regarding the taxation

implications for them if the Humanforce Offer is accepted