Release of Shares from Escrow

ASX Release 1 3 May 2022 Release of Shares from Escrow Spenda Limited ( ASX: SPX , “the Company” ) advises that 200,893,722 ordinary shares will be released from escrow on 2 June 202 2 . The 200,893,722 shares were issued on 2 June 202 1 to related party vendors in consideration for the acquisition shares in Appstablishment Software Group Pty Ltd . - ENDS - About Spenda Spenda Limited (ASX: SPX) is a transaction services business supplying industries with a broad range of B2B payment se rvices, digital trading software and integrated solutions. Our goal is to convert EFT payments to card payments utilising the BPSP engagement coupled with our payments collaboration framework. Our competitive advantages deliver customers end - to - end e - invoi cing integration, rapid ordering, digital trust and automated reconcilia tion. Spenda supplies its customers a recipe of integrated software to create a vertical market standard operating environment (SOE) that enables the effective and seamless transfer of data from multiple, disparate software systems in one standardised technology solut ion, such as SpendaRetail. Spenda has licensing agreements with third - party software vendors that enable it to provide integrated SOE solutions to its customers. For investors seeking information on the Company’s activities that relate to marketing, custo mer events and other acknowledgement of customer activities, this information will be posted to the Company’s news section of the website and on social media channels with the handle #getSpenda, active on Twitter, LinkedIn, Instagram and Facebook. For mor e information, see https://spenda.co/investor - centre/ This announcement has been authorised by the Board. Investor Enquiries Please email: investors@spenda.co