29 January 2021

December 2020 Quarterly Shareholder Update and Appendix 4C Highlights:

• Vonex continues to execute acquisition-led growth strategy, with agreement to acquire established NSW telco service provider Nextel including its business, operations and customer base * Transaction is highly accretive to earnings and cashflow, valuing Nextel at approximately 0.8xFY20 revenue and 3.5xFY20 EBITDA * Nextel provides a boost to Vonex’s annualised recurring revenue (ARR), with group ARR expected to increase to more than $18 million on completion * Acquisition will allow Vonex to replicate the success of its 2SG Wholesale integration, providing cross-selling and product expansion opportunities
• Retail sales continuing to grow strongly, adding Total Contract Value (TCV) of new customer sales of $6.99m for 2020–ayear-on-year increase of 32%
• Wholesale division continues to accelerate,with large quarterly year-on-year increases across several products: * MobileVoice up 321% * NBN with 4G Backup up 107% * Mobile Broadband orders up 88%

18 Dec 2020

Vonex Announces Highly Accretive Acquisitionof Nextel

Highlights:

• Vonex agrees to acquire the business,operations and customer base of Nextel–an established provider of telecommunications services, connectivity solutions and hardware–for total consideration of approximately $1.575 million, primarily in escrowed shares
• Transaction viewed as highly accretive to earnings and cashflow,valuingNextelat approximately 0.8xFY20 revenue and 3.5xFY20EBITDA
• Acquiring Nextel provides a strong boost to Vonex’s annualised recurringrevenue(ARR),with group ARR expected to increase to more than$18 million on completion
• Strategically compelling acquisition, which will allow for cross-selling and product expansion opportunities, while substantially expanding Vonex’s SME customerbase, carrier relationships and presence in the key New South Wales market

9 December 2020

Vonex Wholesale andRetail Divisions Continue to Grow

Highlights:

• New product launches and improvements to network quality are driving growth in wholesale customers and order value, with Mobile Broadband orders+80%,MobileVoice+310% and NBN with 4G backup+89% year-on-year in Q2FY21, quarter to date
• Proactive marketing campaigns continue to drive Retail operations, helping to achieve Total Contract Value(TCV)of new customer sales of $6.6 million in CY20 to date, up 32% year-on-year
• Tor Corporate Advisory engaged to drive targeted acquisition strategy

Vonex RetailOrganic sales growth

• Key hires in sales and marketing have driven strong growth in new customer additions and boosted the number of active users of Vonex’s cloud-based phone systems.
• Retail operations continue to expand driven by various marketing channels, achieving Total Contract Value (TCV) of new customer sales of $5.3 million in the first 9 months of CY20, +36% YoY.
• The advertising strategy continues to gain momentum attracting new leads which are supplied to our Strategic Channel Partners, further cementing their relationship with Vonex.
• Vonex partnered with Qantas in August 2019 as official telco provider to the Qantas Business Rewards (QBR) program, offering uncapped Qantas Points to QBR’s database of 250,000 SME members for doing business in the cloud.
• Partnering with QBR has had an immediate impact on increasing Vonex’s higher average revenue per user (ARPU), through longer-duration sales contracts, which have accounted for the majority of new customers in FY20.

Vonex Ltd (ASX: VN8) is a full-service, multi-award-winning telco company providing thousands of Australian businesses and individuals with the best personalised and reliable phone and internet services.

Vonex provides a range of telco solutions through an expansive sales channel as well as through our wholesale division. This business is growing rapidly through the acquisition of the 2SG Wholesale business, which supplies network and communications solutions to telco retailers across Australia.