Resignation of Ross Cotton as a director

ASX MARKET RELEASE
                                                                           24 October 2017

            Resignation of Ross Cotton as a Director

Ausnet Financial Services Limited (ASX: AU1) (“Ausnet” or “the Company”) wishes to advise
that Mr. Ross Cotton has tendered his resignation from the board effective today, so that he
can focus on other business activities.

The board wishes to record its thanks to Mr. Cotton for his assistance and the board wishes
him every success in his future business activities.

The revised board of Ausnet Financial Services Ltd is as follows:

Philip Re – Non-Executive Chairman
Paul Niardone – Managing Director
Adam Davey – Non-Executive Director
John Kolenda – Non-Executive Director

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.

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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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