Investor Update

Investor AGM Update Overview 2020 has been a challenging year where we faced unexpected events of dramatic global impact, creating market uncertainty and volatility but also opportunities to grow and improve. Enprise is confident it has implemented measures to mitigate further impacts, consolidate existing business units and support an ambitious growth strategy over the coming years. Working from home became the norm due to lockdowns implemented by governments around the world. Organisations that did not have all their software applications available to enable their teams to work remotely had to adopt cloud computing to allow their businesses to operate. Enprise initially suffered, like many other entities, a sharp drop in revenue (over 30%) and qualified for wage support in both New Zealand and Australia. In response to the COVID-19 lockdown, cost cutting measures were implemented across the group. The Government support enabled us to retain our full team despite the downturn. To shore up our capital base, a $1 million capital raise was completed in May 2020 positioning the business well for the future. After the initial sharp correction, the demand for our products and services quickly recovered because all the software that Enprise companies supply (including in particular MYOB Advanced) can be deployed in the cloud. Sales have still not fully recovered however, with the additional lockdowns in Victoria and Auckland impacting confidence in those markets. Currently the Australian MYOB business is performing strongly and employing our underutilised New Zealand personnel. New Zealand new business for the MYOB Enterprise products remains weak. Overall, the division has returned to strong profitability and we expect this to continue over the remainder of the year. Technology Investment Network (TIN) has ranked Enprise Group third in the top ten Absolute IT Supreme Scale-Ups in this year's TIN Report. Enprise Group achieved the number three spot due to 85% revenue growth. Enprise Group's revenue was $5.7 million higher for 2020, to $12.4 million. The results were announced at a virtual, interactive launch event, Tech Pulse 2020. At 30 November 2020, Enprise had no debt and cash reserves of $2.48m (after increasing our share of iSell from 50 to 67%). Enprise has decided to move its banking from ASB/CBA to BNZ/NAB. BNZ has committed to providing Enprise Group with a three year loan of $2 million and an overdraft facility of $1 million to facilitate future growth. These facilities have not yet been drawn. Group Results Unaudited Management Information 5 months to 30 November 2020 Revenue $ 6,612,898 - 8% Decrease EBITDA $ 221,031 - 728% Increase Share of Datagate losses ($199,912) - 24% decrease Government Assistance: Australia $ 753,284 Net Profit before tax $ 510,093 - 282% Increase Please refer to the attachment for divisional financial information and highlights. Elliot Cooper CEO +64 9 8295500 End CA:00365555 For:ENS Type:GENERAL Time:2020-12-23 09:43:40