Business Update

©20 2 1 C ipherpoint Limited or its affiliates ABN 61 120 658 497 ASX ANNOUNCEMENT 4 JUNE 202 1 BUSINESS UPDATE Cipherpoint Limited (ASX:CPT), Sydney, Australia – provides the following business update to shareholder s . Our business As shareholders may already be aware CPT is focused on securing the cloud and digital transformation journeys of enterprises and government world - wide. We are dedicated to addressing these common issues for our customers both through the provision of techn ical services (the latter expanded by the recent acquisition of Brace168) and the delivery of security software solutions . Sales and Revenues We are very pleased to advise that the current quarter to date has seen good revenue momentum and pipeline growth . During the June quarter (Q1 of FY22) to date the company has secured and signed : a. t wo ( 2 ) software licences for cp.Protect and our partner Nucleus Cyber’s nc. Protect software totaling $42 K; b. s ix ( 6 ) purchase orders for services ( for 5 new customers and 1 existing customer) covering penetration testing, network and application monitoring and code security reviews totaling $10 3 K ; and c. two (2) renewal s effective 11 May 2021 and 1 June 2021 respectively under a master service agreement with an existing customer for both security analysis and associated services with an estimated value (based on minimum requirements specified by the customer) over 12 months totaling $60 7 K . We intend provide a further up date following the end of the June quarter. Based on our current outlook , but subject to market conditions and contract timing , our target is to reach $3m in annualized revenue run rate by the end of the September 2021 . Our sales pipeline is strong and continues to grow each quarter, reflecting the increasing demand for cyber security and data protection solutions and services. Potential Opportunit ies CPT operates in the dynamically changing and competitive cyber security marketplace. We have previously announced relationships with NTT DATA Deutschland GmbH (Germany), dataglobal GmbH, Nucleus Cyber Inc (US) and mostly recently XM Cyber (Israel). We inte nd to continue this approach of leveraging third party relationships as part of our growth strategy. This announcement has been authori s ed by the Board. For further information, please visit https:// cipherpoint.com ©20 2 1 Cipherpoint Limited or its affiliates ABN 61 120 658 497 Cipherpoint investor relations contacts: Ted Pretty Cipherpoint Limited Chairman ted.pretty@cipherpoint.com +61 2 8412 8200 +61 488 938 383 Steven Bliim Cipherpoint Limited Chief Operating Officer, Executive Director and Joint Company Secretary steven.bliim@c ipherpoint .com +61 2 8412 8200 +49 152 3625 7821