12 February 2020

The Manager

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Australian Securities Exchange Limited

NO IMPACT ON BEAM FROM CORONAVIRUS

Beam Communications Holdings Ltd (ASX: BCC) has received inquiries from existing and prospective shareholders about the possible disruption to its supply chain caused by the coronavirus (COVID-19) and would like to provide the following update.

Beam carries at its Melbourne warehouse, on average, six months of inventory of core BEAM branded products supplied out of China. There is also sufficient inventory of the Iridium GO! product held at Iridium to meet existing and expected demand, beyond the end of the 2020 financial year.

Further, the newly launched ZOLEO device is manufactured in a highly automated and state-of-the- art facility in Malaysia. Beam already has 5000 units either on hand or in transit to customers.

While the company continues to closely monitor the global outbreak, as there will always be some base componentry that is sourced from China, at this stage it believes COVID-19 will have a minimal, if any, impact on Beam's operations and ability to fulfil orders in its usual manner and timeframe.

Yours faithfully,

Michael Capocchi

Managing Director

For media & investor enquiries please contact:

Brendon Lau

  1. brendon@vantagepointpartners.com.au
  1. 0409 341 613

About Beam Communications

Beam Communications Holdings Limited is an Australian publicly-listed company (ASX:BCC) that specialises in the design, development, manufacture and distribution of satellite, cellular and dual-mode equipment, applications and services. Its products and services are adopted by some of the world's largest satellite and telecommunications companies, such as Iridium, Telstra, KDDI, Inmarsat & Thuraya, to fill the global needs of Information Communication & Technology markets. Beam Communications Holdings Limited owns 100% of Beam Communications Pty Ltd and SatPhone Shop Pty Ltd www.satphoneshop.com. For more information, visit www.beamcommunications.com.

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Beam Communications Holdings Limited published this content on 12 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 February 2020 04:53:01 UTC