8IP EMERGING COMPANIES LIMITED (8EC)

The suspension of trading in the securities of 8IP Emerging Companies Limited will be lifted immediately, following the release by 8EC of an announcement regarding the recapitalisation agreement with Lanyon Asset Management Pty Limited.

The Company provides further information regarding the agreement with Lanyon Asset Management in relation to the future of 8EC. On 29 July 2020, the Company announced a fourth capital distribution of 2.0 cents per share, which was paid to shareholders on 11 August 2020. It is proposed that the Capital Raise be for up to $150,000,000 (with a minimum raising of $25,000,000) at a price per share equal to the post-tax NTA per share as at the time of the Capital Raise. Currently it is intended that the Capital Raise will not be underwritten. The Placement, Novation, Ancillary Transactions and Capital Raise may not proceed if shareholder approval is not forthcoming.

The unaudited pre- and post-tax net tangible assets of 8IP Emerging Companies Limited as at 31 August 2020 were as follows: Pre-Tax NTA $0.0333 per share; Post-Tax NTA $0.0309 per share.

The company will hold a general meeting at 11.00am (AEDT) on Friday 16 October 2020 using the Lumi GM application.

The unaudited pre- and post-tax net tangible assets of 8IP Emerging Companies Limited as at 31 August 2020 were as follows: Pre-Tax NTA $0.0533 per share and Post-Tax NTA $0.0509 per share.

The company releases an Appendix 4G & Corporate Governance Statement.

The company lodges its Annual Report 2020.

The unaudited pre- and post-tax net tangible assets of 8IP Emerging Companies Limited as at 31 July 2020 were as follows: Pre-Tax NTA $0.0540 per share; Post-Tax NTA $0.0513 per share.

RAMCap has withdrawn its offer to acquire up to a maximum of 600,000 shares in the Company (representing approximately 1.46% of 8EC's issued capital). With respect to the Lanyon Proposal, the Notice of Meeting is in the process of being finalised with the ASX and will be sent to shareholders as soon as it has been approved by the ASX and 8EC Board.

The company releases a notice of Return of Capital - 8EC.

The company will make a fourth distribution of capital of $0.02 per share to all shareholders on a pro-rata basis. Once this has been paid, the company will have returned a total of $0.81 per share to shareholders on a pro-rata basis. Following the fourth distribution, the company's asset portfolio will reduce to approximately $1.45 million, of which approximately 31% will be represented by cash.

The company's unaudited pre- and post-tax net tangible assets as at 30 June 2020 were as follows: Pre-Tax NTA - $0.0540 per share; and Post-Tax NTA - $0.0509 per share.

On 24 June 2020, ASX advised the company that based on the information provided by 8EC and the facts known at that date, ASX is not aware of any reason that would cause 8EC not to have a structure and operations suitable for a listed entity for the purposes of Listing Rule 1.1 Condition 1 or that which would cause ASX to exercise its discretion to refuse admission to the Official List under Listing Rule 1.19. The draft notice of meeting relating to the Lanyon proposal has been completed and will be lodged with the ASX today for its review. 8EC shareholders may have received in the mail recently a further letter from RAMCap Limited dated 29 June 2020. The 8EC Board considers that the RAMCap Second Proposal is not superior to the Lanyon Proposal and therefore RECOMMENDS THAT 8EC SHAREHOLDERS TAKE NO FURTHER ACTION with respect to the RAMCap Second Proposal.

The unaudited pre- and post-tax net tangible assets of 8IP Emerging Companies Limited as at 31 May 2020 were as follows: Pre-Tax NTA $0.0442 per share and Post-Tax NTA $0.0406 per share.

The company has submitted its application to the ASX for in-principle advice in relation to its reinstatement to the ASX following the capital raising, in accordance with the Lanyon Proposal. The next step, assuming ASX approval of that application, will be completion of the Notice of Meeting relating to the Lanyon Proposal to be sent to shareholders. It is currently expected this will be sent shareholders following ASX review, by late June/early July for consideration at a general meeting to be held 28 days after despatch. Shareholders have received the third distribution of capital of $0.05 per share. Also, the 8EC Board considers that the RAMCap Proposal is not superior to the Lanyon Proposal and therefore RECOMMENDS THAT 8EC SHAREHOLDERS TAKE NO ACTION with respect to the RAMCap Proposal. The 8EC Board remains committed to implementing the Lanyon Proposal, in the absence of a superior proposal.

The unaudited pre- and post-tax net tangible assets of 8IP Emerging Companies Limited as at 31 March 2020 were as follows: Pre-Tax NTA $0.0424 per share; Post-Tax NTA $0.0387 per share.

The company releases a notice of Return of Capital - 8EC.

The company will make a third distribution of capital of $0.05 per share to all shareholders on a pro-rata basis. In respect of the Lanyon proposal, the company is at an advanced stage in preparation of the notice of meeting which is required to be prepared for shareholders.

The unaudited pre- and post-tax net tangible assets (NTA) of 8IP Emerging Companies Limited as at 31 March 2020 were as follows: Pre-Tax NTA $0.0902 per share; and Post-Tax NTA $0.0862 per share.

The securities of 8IP Emerging Companies Limited will be suspended from quotation immediately, following the announcement that it has entered into an agreement with Lanyon Asset Management Pty Limited with respect to a proposed recapitalisation. 8EC's securities will remain suspended until ASX is satisfied that all relevant information required under Guidance Note 12: Change to Activities has been announced to the market. ASX has also exercised its discretions under Listing Rule 11.1.2 to require the Proposed Recapitalisation to be conditional on approval by 8EC's ordinary security holders and under Listing Rule 11.1.3 to require 8EC to recomply with Chapters 1 and 2 of the Listing Rules. If ASX is satisfied that 8EC has provided sufficient information to enable its securities to be reinstated and security holders approve the Proposed Recapitalisation, it is expected that 8EC's securities will again be suspended from quotation immediately following such security holder approval and will remain suspended until 8EC has recomplied with Chapters 1 and 2 of the Listing Rules.

we understand that on or about this date the company made a capital return of 22 cents per share

we understand that on or about this date the company made a capital return of 52 cents per share

listed entity carried for record purposes only