Ann: Quarterly Activities Report & Appendix 4C, page-2

Coppers,

Growth in revenue of 55%!  Growth in users of 32.5%! Looks to me like the DUB is up and running and tracking well.

Highlights:

During the quarter the Company has focused on the following:
• Increasing the number of active users using the Dubber Platform.
• Growing monthly revenue.
• Expanding its global footprint through partnering telecommunications service providers.

Key metrics relating to active users and revenue for the quarter:
• Revenue increased 55% from $297k in the December quarter to $459k in the March Quarter.
• Active user numbers increased 32.5% from 15,724 in the previous quarter to 20,837.

Key metrics relating to expanding global footprint for the quarter:
• Number of telecommunication companies which have signed agreements for deployment of the Dubber Platform increased from 33 to 36.
• Number of telecommunication companies at the stage of billing increased from 17 to 19.

Key growth metrics for the financial year to date (from 30 June 2017 to 31 March 2018):
• Revenue in the June 2017 quarter was $174 k increasing 163% to $452k in the March 2018 Quarter.
• Active user numbers increased by 142% from 8,606 to 20,837.
• Number of telecommunication companies which have signed agreements for deployment of the Dubber Platform increased from 22 to 36.
• Number of telecommunication companies at the stage of billing increased from 8 to 19.

All in all, solid result and good prospects for building user base and revenues.