Ann: Further engagement with HSBC, page-12

I believe the 75c IPO price should be pretty easy to get back to. The sell down was on low volume plus came due to a lack of newsflow but with the HSBC move to phs2 i believe the market now has the confidence again that Identitii has potential to grow in the banking system. We are all awaiting 1 or all of the 3 contract negotiations with 3 other parties to hit which will be a huge tick but the HSBC program has huge potential to push the share price significantly . Add another geography to the HSBC deal beyond the current and the market will wake up that this HSBC deal could lead to many multiple geographies offering many multiple license fees and then validate the tech leading to multiple finacial institutions jumping on board. Hit on these contract negotiations plus move to more HSBC geographies and i see ID8 doing a SPT type run. The register is pretty tight with funds holding the majority at 75c so this has room to move up.