Market Release

30 June 2020

Update on BAMM Agreement

Corum Group Limited (ASX:COO) announces that the first milestone associated with its Subscription Deed with BAMM Group Administration Pty Ltd ('BAMM'), to develop a cloud

based Head Office solution, has not been met.

The terms of the waiver from listing rule 7.3.2, granted by the ASX on 12 November 2019, provided for the issue of 63,642,138 fully paid ordinary shares to BAMM upon the achievement of the milestones outlined in the resolution approved by shareholders at the 2019 Corum AGM. The shares were to be issued in two equal tranches by 30 June 2020 and 31 January 2021 respectively. Since the first milestone has not been met, the first tranche of shares will not be issued to BAMM under the current shareholder approval.

The Board of Corum is evaluating the Company's options and will update shareholders when appropriate.

Nick England Chairman

This announcement has been authorised for release by the Corum Group board.

For further information contact:nick.england@corum.com.au+ 61 2 9289 4991 or

Investor email:companysecretary@corum.com.au

Corum Group Limited | ABN 25 000 091 305

Level 3, 120 Sussex Street, Sydney NSW 2000 PO Box Q281, Queen Victoria Building NSW 1230

T 02 9289 4699 | F 02 9299 3276 |www.corumgroup.com.au

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Corum Group Limited published this content on 30 June 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 July 2020 07:03:06 UTC