Notice of Meeting

A special meeting of shareholders of Lateral Corporation Limited (Company) will be held on 7 August 2017 at the Alex Boardroom, Alexandra Park, Green Lane West in Epsom, Auckland, starting at 11:00am. Shareholder registration opens at 10:30am. The resolutions being put forward at the meeting are intended to approve transactions where: o A new majority shareholder is introduced to the Company; o The current business and assets of the Company are transferred to a privately held company, which will be owned by the existing shareholders of the Company (through an in specie distribution) and run by the same key persons; o New foundations are laid for the business operations to be held in the Company moving forward (which includes $2.6 million cash) under a new company name; and o The essential nature of the Company's business is changed to focus on developing a new business in the financial services sector which is in line with the new majority shareholder's business interests and expertise. The notice of meeting, disclosure document, and an independent report on the transactions are attached to this announcement. The disclosure statement was required under the Listing Rules (as amended by the NZX Guidance Note on Backdoor and reverse listing transactions). The independent report has been prepared by Simmons Corporate Finance Limited and was required under the Takeovers Code and the NZX Guidance Note on Backdoor and reverse listing transactions under the Listing Rules. On behalf of the Board Dene Biddlecombe Chairman dene.biddlecombe@lateralcorp.com End CA:00304325 For:LAT Type:MEETING Time:2017-07-20 17:09:27