DEC QTR 2020 - APPENDIX 4C QUARTERLY ACTIVITIES REPORT AND OPERATIONAL UPDATE

The Company is also pleased to announce that it continues to build its quarter on quarter operating profitability, increasing operational EBITDA to $1.41M for the quarter, up 248% from the previous quarter’s $405K. The Company expects to continue this growth trend for the foreseeable future.

DISC:I hold

MEGAN HAAS, CYBER, RISK AND GOVERNANCE EXPERT JOINS THE TESSERENT BOARD BRINGING 30+ YEARS OF GLOBAL CYBER EXPEREINCE...PATRICK FLANNIGAN STEPS DOWN FROM TNT BOARD FOLLOWING REMARKABLE GROWTH PERIOD

Her current board appointments include:

RMIT University ~Council member, Chair-Audit & Risk Management Committee

Development Victoria ~ Director, Audit & Risk Committee Member

Note Printing Australia ~ Audit Committee

Member University of Melbourne Academic Centre of Cyber Excellence Advisory Board Member

Handdii ~ Director

Suburban Rail Loop ~ Advisory Board Member, Chair Audit & Risk Committee (under formation)

Disc: I hold