The Company does not expect to declare any dividends in the near future as its focus will primarily be on using cash reserves to grow and develop FirstWave’s business.

Any future determination as to the payment of dividends by the Company will be at the discretion of the Directors and will depend on matters such as the availability of distributable earnings, the operating results and financial condition of the Company, future capital requirements and general business and other factors considered relevant by the Directors. No assurances can be given by the Company in relation to the payment of dividends, or that any dividends may attach franking credits.