Cubelic Holdings Pty Ltd

We commenced proceedings against Angas Securities (Angas)

We refer to All of Angas Securities 2018 NSX MARKET UPDATE ON CONTESTED CIVIL PROCEEDINGS - section 3 thereof (Publications).

The 2018 Publications are Misleading and Untrue by reason of Inaccuracies and are silent as to salient matters with our involvement in the Fernhill Estate.

Market Update

Cubelic Holdings Pty Ltd

Cubelic Holdings Market Update:

Angas Securities Ltd NSX announcement 22 February 2019

"The company (Angas) advises that it withdraws All Allegations made be it against Cubelic Holdings Pty Ltd and Paul Cubelic

(Extract)

FACTUAL DETAILS

Fernhill Estate - Cubelic Holdings Pty Ltd Market Update

Paul Cubelic and his company Cubelic Holdings Pty Ltd (Cubelic) were an integral part of the Fernhill Masterplan and project group that contributed to the redevelopment proposals of the Fernhill Estate during 2013-14.

The Fernhill Estate was over 640 hectares of Local and State Heritage listed land and buildings spread over some 14 titles. It was a highly complex asset, with opportunity to create a variety of residential subdivisions, but involving Heritage conservation matters, Council and local interests, Ecological and Biodiversity issues.

We introduced Biobanking to Angas which has proven very successful for Angas and the Fernhill Estate.

Between 2014 to 2017, Paul Cubelic remained involved in the Fernhill Estate via a Biobanking Consultancy Agreement.

Angas Securities Recommendation Letter

Angas Letter dated 30 June 2015 (extract)

" Paul was an important member of the project team, bringing not only his property contacts and development background, but financial investment into the project.

We would recommend Paul's services to anyone considering property acquisition and development, and wish him all the very best in his endeavours for his future projects."

Recommendation Letter