$1.75 million invested here !!!! The Directors of Chapmans...

$1.75 million invested here !!!!

The Directors of Chapmans Limited (ASX: CHP) (Chapmans, the Company) are pleased to
announce that wholly owned subsidiary, Chapmans Opportunities Limited (COL), has entered
into a conditional subscription agreement to make a $1.75 million investment in emerging
disruptive-technology home cleaning services company, Whizz Technologies Pty Ltd (WHIZZ).
COL’s investment will give it an approximate 8.9% direct holding in WHIZZ.
This is COL’s second strategic investment since its establishment in December (refer ASX
announcement, 23 December 2015). Its remit is to make direct, strategic and tactical investments
in high growth opportunities, predominantly in the mobile technology space.
WHIZZ is a technology company that provides an app-based technology platform to connect
customers with high quality, screened and qualified cleaners. Its platform is iOS and Android
compatible, and provides a seamless booking process and secure on-line cashless payment
system. Customers can choose either one-off cleaning jobs or regular recurring cleans.
The WHIZZ business was established in February 2015 and is currently operational throughout
Sydney, and already has a customer base of 10,000. The strategic investment by COL will help
fund WHIZZ’s aggressive growth plans into other major Australian markets. WHIZZ plans to
launch in Melbourne in March.
There is the potential for value uplift in COL’s investment via the execution of WHIZZ’s growth
plans and also via the raising of additional capital in an IPO of WHIZZ anticipated later this year.
COL aims to build a portfolio of direct investment in high growth opportunities in the digital
technology sector and will provide details on further investments in due course.

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