Ann: Update to Govt Contract- Re-categorisation of Hearables

Nuheara Limited (ASX: NUH) ("Company" or "Nuheara"), transforming the way people hear by creating game-changing hearing solutions that are accessible and affordable, has been advised of a revised contractual process for IQbuds BOOST™ by the Company’s UK distributor Puretone, in their contract with the England’s National Health Service (NHS). Following the announcement in November 2018 of a successful tender process, the Company has been advised that IQBuds BOOST™ has been removed as a hearing aid/accessory and will now be recategorised as a hearable under the niche innovation category. Commenting on this decision, Nuheara CEO Justin Miller said: “Having met with our distributor and NHS, we understand the regulatory direction of the NHS for category separation of traditional hearing aids and hearables. This is something that the Scottish NHS has also recently implemented. “We have been advised this new categorisation process will commence in May 2019 and we look forward to working with our distributor Puretone, and the NHS to deliver self-care innovative hearing solutions to their customers.”