Binding Commitments Received for $1.5million Capital Raise

In conjunction with the prospective acquisition of the Me Today Group by CSM, CSM is required to raise $1.5 million of new capital through the issue of 300 million new CSM shares at an issue price of $0.005 per share ("Placement Shares"). As previously disclosed in the materials recently sent to shareholders, CSM has secured a binding commitment to subscribe for 220 million of the Placement Shares (representing an aggregate issue price of $1.1 million). The directors of CSM are pleased to advise that they have secured further binding commitments from a number of wholesale investors to place the remaining 80 million Placement Shares (representing an aggregate issue price of $400,000). The subscription arrangements are conditional upon the successful completion of the acquisition of the Me Today Group. The Placement Shares will be issued to the subscribers contemporaneously with the completion of the Me Today acquisition. CSM is delighted to have secured subscriptions for $1.5 million of new capital in the challenging current market conditions, and is grateful for the support that it has received from the subscribers to the Placement Shares. End CA:00350586 For:CSM Type:ADMIN Time:2020-03-25 08:30:34