16.03.2021: CIPHERPOINT ANNOUNCES SATISFACTORY COMPLETION OF BRACE168 DUE DILIGENCE, SIGNING OF THE SALE PURCHASE AGREEMENT AND PROVIDES BUSINESS UPDATE

16.03.2021: CIPHERPOINT ANNOUNCES SATISFACTORY COMPLETION OF BRACE168 DUE DILIGENCE, SIGNING OF THE SALE PURCHASE AGREEMENT AND PROVIDES BUSINESS UPDATE

Cipherpoint Limited (ASX:CPT) (CPT or the Company), Sydney, Australia 16 March 2021

CPT is pleased to announce the satisfactory completion of due diligence and the signing of the full
form Sale and Purchase Agreement (SPA) to acquire Brace168 Pty Ltd (Brace168).

The Company now looks forward to concluding the current partially underwritten Entitlement Offer
with subscriptions due by 5pm (Sydney time) on Monday 22nd March 2021. The EGM to approve the
overall Brace168 acquisition will take place at 10am (Sydney time) on Wednesday 31 March 2021 and
shareholders are encouraged to lodge their votes or proxies prior to the EGM.

The Board believes that the acquisition of Brace168 will create new momentum for CPT and, in respect
of the proposed acquisition, provides the following update:

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