DorsaVi : Offer Statement

For personal use only

dorsaVi Limited ACN 129 742 409

OFFER STATEMENT

A WHOLLY UNDERWRITTEN NON-RENOUNCEABLE RIGHTS OFFER OF 1 ORDINARY SHARE FOR EVERY 12 ORDINARY SHARES AT $0.01 EACH TO RAISE UP TO APPROXIMATELY $297,073

Valid acceptances must be received by 5:00 pm (Melbourne time) on 19 August 2022

This is an important document and requires your immediate attention. It should be read in its entirety. If you are in doubt about what to do, you should consult your stockbroker, accountant, or financial or other professional adviser without delay.

For personal use only

Important notices

This offer statement is dated 29 July 2022, and a copy was given to ASX Limited (ASX) on that date.

This offer statement sets out the terms of the wholly underwritten non-renounceable rights offer (Offer) by dorsaVi Limited (dorsaVi) under which eligible shareholders are entitled to acquire 1 ordinary share in dorsaVi at $0.01 per share for every 12 ordinary shares held at 7:00 pm (Melbourne time) on 3 August 2022. This offer statement is not a prospectus and has not been lodged with the Australian Securities and Investments Commission (ASIC). The Offer is being made without a prospectus in accordance with section 708AA of the Corporations Act 2001 (Cth) as notionally modified by ASIC Corporations (Non- Traditional Rights Issues) Instrument 2016/84 and ASIC Corporations (Disregarding Technical Relief) Instrument 2016/73. Accordingly, this offer statement does not contain all of the information which would otherwise be required by law to be disclosed in a prospectus.

The shares being offered pursuant to this offer statement are not being offered to the public within New Zealand other than to existing shareholders of dorsaVi with registered addresses in

New Zealand to whom the offer of these securities is being made in reliance on the Financial Markets Conduct Act 2013 (FMCA) and the Financial Markets Conduct (Incidental Offers) Exemption Notice 2021.

This document has been prepared in compliance with Australian law and has not been registered, filed with or approved by any New Zealand regulatory authority. This document is not a product disclosure statement under New Zealand law and is not required to, and may not, contain all the information that a product disclosure statement under New Zealand law is required to contain.

No person is authorised to give any information or to make any representation in connection with the Offer that is not contained in this offer statement. Any information or representation not contained in this offer statement may not be relied upon as having been authorised by dorsaVi in connection with the Offer. Neither dorsaVi nor any other person warrants the future performance of dorsaVi or any return on any investment made under this offer statement, except as required by law and then, only to the extent so required.

Any forecast or any forward looking statement contained in this offer statement may involve significant elements of subjective judgment and assumption as to future events which may or may not be correct, and there are usually differences between forecasts and actual results because events and actual circumstances frequently do not occur as forecast and these differences may be material. Nothing contained in this offer statement is, or may be relied on as, a promise or representation as to the future.

The information in this offer statement does not constitute a securities recommendation or financial product advice, and does not purport to constitute all the information that you may require to enable you to evaluate effectively and completely whether to take up additional shares under the Offer. In preparing this offer statement, dorsaVi has not taken into account the investment objectives, financial situation or particular needs of any particular person. Accordingly, before acting on this offer statement, you should assess whether a further investment in dorsaVi would be appropriate in light of your own financial circumstances.

Except to the extent prohibited by law, dorsaVi, its officers, employees, underwriters and advisers disclaim all liability that may otherwise arise due to any of this information being inaccurate or incomplete.

Unless otherwise stated, a monetary reference in this offer statement is a reference to Australian currency.

For personal use only

Contact details

If you have any query or question about the Offer, you may contact Brendan Case, dorsaVi's company secretary on +61 (0) 410 442 393 or for any other registry related matters contact dorsaVi's share registrar as follows:

Computershare Investor Services

For personal use only

Timetable

These dates are indicative only and subject to change. dorsaVi reserves the right, subject to the Corporations Act 2001 (Cth) and the ASX Listing Rules, to change any date including to extend the closing date of the Offer, to close the Offer early, to accept late acceptances either generally or in particular cases, or to withdraw or reduce the size of the Offer without notice. Any extension of the closing date will have a consequential effect on the later dates including the issue date of new shares. If the Offer is withdrawn, any application money previously received will be returned without interest.