FURTHER UPDATE

Multi-Year Wholesale Agreement with Orange Business Services

Highlights:

~ Vonex signs a wholesale agreement to supply Orange Business Services, a network-native digital services company and the global enterprise division of the Orange Group (EPA: ORA), with business-grade Mobile Broadband services throughout Australia

~Vonex is gaining momentum across its Wholesale business as it delivers sought-after products and services to new and existing telco customers

Agreement Key Terms

The Agreement between Vonex and Orange Business Services is for an initial term of three years. The Agreement shall automatically renew for successive periods of 12 months thereafter unless either party provides notice of its intention not to renew the Agreement by giving not less than 6 months’ notice prior to the expiry of the current term. There is no exclusivity binding the Parties to the Agreement.

Benefit to Business and Revenue

The Agreement is to supply Orange Business Services with business-grade mobile broadband services throughout Australia. The addition of Orange Business Services brings the number of 2SG Wholesale customers who purchase mobile broadband services to 82 in total. There are no minimum purchase orders pursuant to the Agreement, as such Vonex is unable to provide guidance on the potential contribution to the Company’s revenue.

This notice ends the Trading Halt for VN8

Disc: I hold

The Directors of Vonex Limited (ASX: VN8, Vonex or the Company) hereby request a trading halt of the Company's securities. The trading halt is requested until an announcement is made to the market pending clarification of the key terms of the wholesale agreement entered into between the Company and Orange Business Services which is expected to be made before the opening of trading on Monday, 8 February 2021.

The Company is not aware of any reason why the trading halt should not be granted

Note~ my highlighting

Disc: I hold

Multi-Year Wholesale Agreement with Orange Business Services

Highlights:

~ Vonex signs a wholesale agreement to supply Orange Business Services, a network-native digital services company and the global enterprise division of the Orange Group (EPA: ORA), with business-grade Mobile Broadband services throughout Australia

~ Vonex is gaining momentum across its Wholesale business as it delivers sought-after products and services to new and existing telco customers

DISC: I have small holding

Completion of Nextel Acquisition

Highlights:

• Vonex completes its acquisition of established NSW-based telco service provider Nextel, providing a boost to the Company’s annualised recurring revenue (ARR), with group ARR increased to more than $18 million

• Acquisition substantially enhances Vonex's presence in the Sydney and NSW markets for telco services to small-to-medium enterprises (SMEs), adding market-leading products and services

• Strategically compelling acquisition creates opportunities for cross-selling and product expansion through a growing national SME customer base

• Total consideration of ~$1.575 million, consisting of $315k in cash (more than offset by Vonex’s recently-received R&D refund of $541k) and 5.5 million escrowed shares

DISC: I have small holding