IQ Global : Outcome Of Creditors' Meeting

29 July 2022

CONTACT NUMBER:

CONTACT NAME:

02 9633 3333 Luke Coppin

NSX ANNOUNCEMENT

The IQ Group Global Ltd

(Administrators Appointed)

A.C.N. 149 731 644 ("the Company")

OUTCOME OF CREDITORS' MEETING

Mark Robinson, Antony Resnick and Riad Tayeh were appointed Joint and Several Administrators of the above company on 10 March 2022.

Creditors resolved to accept the proposed Deed of Company Arrangement (DOCA) at the meeting of creditors held on 12 July 2022.

Likelihood of Return to Shareholders

The likelihood of a return to shareholders depends primarily on the total amount of creditors' claims and the terms of the DOCA accepted by creditors. Our investigations into the Company's financial affairs and the terms of the DOCA have determined that there will be no return to shareholders.

ASIC information sheet 43

ASIC information sheet 43 provides general information for shareholders and can be viewed at the following link; https://asic.gov.au/regulatory-resources/insolvency/insolvency-for-investors-and-shareholders/#voluntary

ASIC Regulatory Guide 174

The Administrators continue to rely on deferral relief from financial reporting obligations pursuant to ASIC Corporations (Externally-Administered Bodies) Instrument 2015/251.

Should members have any questions about the external administration they may contact my office by email on [e-mail] or by telephone on [phone].

Yours faithfully

The IQ Group Global Ltd (Administrators Appointed)

A.C.N. 149 731 644

Mark Robinson

Joint & Several Administrator