Top rankings for second month - Top Level makes acquisition

ASX MARKET RELEASE
                                                                         28 September 2017

     Ausnet Tops WA rankings for second month
continuing strong growth while The Agency East Coast
             makes significant acquisition
Ausnet Financial Services Limited (ASX: AU1) (“Ausnet” or “the Company”) continues the
strong growth of its wholly owned “The Agency” real estate business, with its Western
Australian business leading the rankings for the second consecutive months.

At the same time, the east coast operations of The Agency, which are operated under
license from Ausnet, has made a significant acquisition that will greatly enhance its future
growth plans.

The Agency Tops WA rankings for second consecutive month

For the month of August, based on independent analysis from the Real Estate Institute of
Western Australia (REIWA) analysis, The Agency was recognized as the Top Office by Listings
Sold, selling 47 properties worth $30,276,000 for the month. This is the second consecutive
month The Agency has led this ranking, having sold 54 properties valued at $28,652,500 in
July.

The Agency has sold 101 properties at a value of $58.9 million.

In the first 2 months of the financial year:

                             July-Aug 2016       July August 2017           % Increase

Number of sales                    44                   101                    129%

Value of sales                 $29.43m                $58.9m                   100%

Listings                           61                   112                     83%

In addition, The Agency had two agents ranked in the top 10, with The Agency’s Adam
Naumovski ranked as the Top Assisted Salesperson by listings sold, selling 10 properties with
a combined value of $4,312,000 for the month and Daniel and Chelsey Grant ranked fifth,
with 6 sales worth $7,450,000.

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Commenting on the results, Ausnet Managing Director, Mr Paul Niardone, said, “This is the
second consecutive month The Agency has achieved this result and is a significant
achievement for a company less than two years old.”

“Our sales agents are ranked amongst the best in the state, and we continue to outperform
our peers, which only bodes well for the future as we continue to roll out our innovative
model.”

Significant acquisition by Top Level Pty Ltd

Top Level Pty Ltd, which Ausnet (via its wholly owned subsidiary Ausnet Real Estate Services
Pty Ltd) has entered into a License Agreement and Option to Purchase Agreement with, has
confirmed the acquisition of iconic, family-owned and operated Sydney agency S J Laing &
Son Pty Limited, which has been trading as Raine & Horne Bondi Junction and
Coogee/Clovelly for the last 23 years.

The Laing family’s real estate business has been one of the most successful in Sydney, with
major institutional, commercial and residential clients, along with one of the largest rent
rolls across the Eastern Suburbs. Tony Laing has consistently ranked in Raine & Horne’s top
ten sales agents nationally and Michael Laing’s commercial operation holds a significant
market share within the region.

Along with their 40 staff, the Laing’s will continue their key roles within The Agency’s Sydney
operation. Tony Laing will maintain his roles in sales and overseeing residential property
management. Geoff Laing will continue his commercial and general management role, while
Michael Laing will be heading up The Agency’s commercial sales and leasing division in NSW.

The addition of the commercial sales and leasing arm under the experienced guidance of
Michael Laing, is one of the most important changes to The Agency’s NSW offering to date.

By virtue of this acquisition, The Agency on the east coast of Australia now boasts:

   •   79 Agents
   •   Over 3500 property managements

While for the months of July and August The Agency east coast sold 66 properties at a value
of $161.55 million.

Under the Option to Purchase Agreement Ausnet Real Estate Services Pty Ltd has been
granted an option to purchase 100% of the issued capital of Top Level Pty Ltd. The option
must be exercised by 30 January 2018 and settlement of the acquisition is subject to certain
conditions being met (for further details refer to Ausnet’s ASX announcement dated 30
January 2017).

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About Ausnet
Ausnet consists of a group of successful businesses which deliver finance broking, real
estate services, settlement services, property management (2017), project marketing,
insurance and financial planning initially to the Western Australian market with an aim to be
rolled out nationally.

This model has been created to build the core asset being a loan book currently at ~$1.1
billion by cross referring clients between business units. The largest growing referral area
has been built on a highly successful and disruptive real estate agency model named “The
Agency”. The agents have been referring ~60% of all sales for financing broking.

Ausnet is aiming to recruit ~100 sales representatives to “The Agency” in Western Australia
that will eventually deliver over 1000 property transactions per year with the aim of
converting into cross sales for mortgages, settlements and insurance. Each sales
representative that joins Ausnet not only add sales activities but also on average bring in a
database of ~2000 clients. Ausnet’s target is to have ~600 sales representatives nationally.

The Company is also backed by Finsure Group, one of Australia's fastest growing retail
finance brokerages writing over $1 billion in new mortgages every month across 850
brokers.

Corporate website:           www.ausnetrealestateservices.com.au
The Agency website:          www.theagency.com.au

Investors
Ausnet Financial Services Ltd
Paul Niardone
T: +61 08 9204 7955
paul@ausnetrealestate.com.au

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