Decimal Software : Strategic Review Commenced

16 July 2018

Strategic review commenced

Decimal Software Limited (DSX) ("Decimal"or the "Company") operates a digital advice platform that enables enterprises such as banks and superannuation funds to provide automated, on-line and compliant financial advice on topics such as superannuation, insurance, and retirement. The platform is well established in the Australian market with multiple clients in production, and Annual Recurring revenues approaching $900k at June 2018.

It is evident from recent RFP/Tender activity that market participants are now looking to accelerate their investments in Digital Advice technologies in response to the growing regulatory scrutiny being focused on advice channels. However, with the growing acceptance of the need for Digital Advice technologies to meet cost and regulatory challenges, the funding and technical resources required of solution providers such as Decimal are also expected to increase.

Accordingly, the Board of Decimal is undertaking a Strategic Review, in conjunction with its financial and legal advisors, to assess the most appropriate commercial and financial structure from which to capitalize on the opportunities we see in the market today. The Strategic Review will consider all potential options, including funding and ownership options, and in this regard Decimal has commenced confidential discussions with a number of parties.

There can be no assurances that the Strategic Review or ongoing discussions will result in a definitive proposal or transaction that may be recommended by the Decimal Board to shareholders.

We will continue to update the market regarding the progress and outcomes of the review.

For Investor enquiries:

About Decimal

Our purpose is to make financial advice available to all Australians via advice delivery technology, across channels when and where they choose.

We partner with banks, superannuation funds and fund administrators already entrusted with customers' retirement savings, to deliver advice to the community as a whole. To achieve this, we have developed the world's first enterprise-focused omni channel advice delivery technology. Our software provides consistent, fully compliant financial advice to our client organisations' customers across multiple platforms of digital, phone or face-to-face, across numerous topics such as savings, superannuation, insurance and retirement, as well as investments.

Decimal is headquartered in Australia and listed on the ASX under the code DSX. Seewww.decimal.com