Investment into ServTech Global Holdings Ltd

ASX MARKET RELEASE
                                                                       22 November 2017

       Ausnet makes indirect investment in ServTech
       Holdings – to gain direct exposure to Sell Lease
                Property business and assets
Key points

   •   To invest as part of consortium in ServTech Global Holdings Limited (ASX: SVT),
       which owns a real estate agency (Sell Lease Property Pty Ltd), a conveyancing
       business (Complete Settlements) and a mortgage broking business (Value Finance)

   •   ServTech also owns a highly scalable unique customized Software as a Service
       (SaaS) workflow management platform

   •   Ausnet will conduct review of business plan and technology associated with Sell
       Lease Property Pty Ltd, to determine strategic synergies with Ausnet and its
       associated companies

   •   Sell Lease Property has 220 real estate sales agents and complimentary businesses
       in terms of a settlement agency, a mortgage broking business and property
       management

   •   Servnote Holding Pty Ltd (which the consortium has invested in) has agreed to
       subscribe for up to $1 million in a convertible note in ServTech, with Ausnet
       making a minor investment in Servnote

Ausnet Financial Services Limited (ASX: AU1) (“Ausnet” or “the Company”) is pleased to
advise that it has made a minor indirect investment, as part of a consortium which has
loaned funds to Servnote Holding Pty Ltd (‘ServNote’), in Australian back office technology
and services company, ServTech Global Holdings Limited (ASX: SVT) (‘ServTech’).

A consortium of investors has entered into convertible loan agreements with ServNote,
which has agreed to subscribe for a convertible note in ServTech with an initial investment
of $500,000 using the funds loaned by the consortium. ServNote has the right (but no
obligation) to increase the investment in ServTech which, if subscribed for, would take the
total amount subscribed for by ServNote up to $1 million.

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In addition to loaning funds to ServNote for the purpose of the investment in ServTech,
Ausnet will conduct a review of the ServTech business so as to identify strategic synergies
with Ausnet and its associated companies.

ServTech is the holding company of several wholly-owned subsidiary companies, including a
real estate agency (Sell Lease Property Pty Ltd), a conveyancing business (Complete
Settlements) and a mortgage broking business (Value Finance). It also owns a highly scalable
unique customised Software as a Service (SaaS) workflow management platform, which it
has implemented across its subsidiaries and has either implemented (or contracted to
implement) into other significant Australian businesses.

Ausnet believes significant efficiencies can be created between its own technology backed
real estate and associated financial services businesses and Sell Lease Property Pty Ltd,
which in addition to proprietary technology platform also has 220 real estate agents
nationally and a small property rent roll.

Commenting on the investment, via the convertible loan agreement with ServNote, into
ServTech, Ausnet Managing Director Paul Niardone said, “We believe significant synergies
potentially exist between Ausnet, and its subsidiaries, and Sell Lease Property Pty Ltd and
we are looking forward to exploring those further over the coming months.”

“We believe through our involvement significant enhancements to the Sell Lease Property
Pty Ltd business can be found, which at the same time will create immense benefit to
Ausnet.”

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 adds sales activities but also on average bring in a
database of ~2000 clients. Ausnet’s target is to have ~600 sales representatives nationally.

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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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