Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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7ASXAnnouncement30August2019

DubberPositionedforSuccessinFY2020andBeyond

Highlights:• Increasedactivenumberofusersby222%toalmost95,000(94.825);• Increasedoperatingrevenueby269%to$5.54m;• Expandedglobalfootprintoftelecommunicationprovidersby179%to106• CompletedsuccessfulcapitalraisingsinNovember2018($5m)andApril2019($22m),allowingthe

Companytoscalebusinessresourcesinlinewithglobalgrowthopportunities;• Cashatbankat30June2019was$19.6m.

Dubber Corporation Limited (ASX: DUB) (“Dubber” or “the Group” or “the Company”) is pleased toprovideitspreliminaryresultsfortheGroupfortheyearended30June2019.BDOAudit(WA)PtyLtdiscompletingafinancialauditoftheGroup.Subjecttoanyadjustmentsrequiredby theauditors, thepreliminary result of theGroup for the yearended30 June2019 is summarisedasfollows: 30June2019

$30June2018

$ %ChangeRevenue 7,392,190 3,187,894 +132%Lossbeforetaxationandextraordinaryitems (9,648,672) (11,319,101) -15%ExtraordinaryItems - - -Lossaftertaxationandextraordinaryitems (9,648,672) (11,319,101) -15%Throughout FY19, Dubber continued to focus on its strategy of driving end-user growth and associatedrevenuesthroughitsexistingaccountswhilegrowingitsglobalfootprintthroughouttheyear.DubberCo-FounderandManagingDirector,SteveMcGovern:“The2019financialyearwasamomentousperiodfortheCompanywithincreasedusernumbersandrevenuesineachquarterandyearonyear.“The strategy of the Company is based on two key philosophies; call recording should be available forimmediate ‘switchon’ aspartof a standard telephony serviceonamonthly ‘Op-Ex’ basis, andArtificialIntelligence(AI)shouldbeavailableforeveryphone,servedbythenetwork,inthenearterm.“Tothatend,theCompanyhasbuiltauniquetechnologywhichscalestomeetthoserequirementsacrossatelecommunicationscarriernetworkandisabletoturnthosevoicecallsintodatawhichhasunlimitedAIusercasesandopportunitiesformonetisation.

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Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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“Ourmission for the yearwas to expand the global footprint of carriers and service providers, therebyunderpinning the Company’s future,whilst ensuring that growthwas achieved in terms of subscriptionnumbersandensuingrevenues.“The successful capital raisings throughout the financial year now allow the Company to scale businessresources in linewith growth opportunities thatwe’re seeing in themarket. We have been extremelypleased by the additional members it has allowed us to add to our leadership team to address thoseopportunities.”MarketpositionsignificantlyenhancedTheDubberPlatformandbusinessplanaredesignedto:

• Disrupt the existing hardware-based, multi-billion-dollar call recording industry with a highlyscalable,‘Op-Ex’modelwhichcouldfinditsultimateopportunityinthetelecommunicationscarriersector,asthatisthesourceofallcalls.

• Expand theusecaseand revenueopportunities from ‘alwayson’ compliance recording foreverycall,toatransactional‘OnDemand’opportunitywithunlimitedbenefitsforeverybusiness.

• Release the value from calls via voice data capture/transcription to provide access to ArtificialIntelligence(AI)foreveryphone.

Duringtheyear,theCompanyachievedasubstantialincreaseinengagementinthefollowingareas:

• TelecommunicationServiceProvidersglobally;• EnterprisecustomersinAustraliaandNorthAmerica;• ExtensionofDubber’sopportunitiesviaCisco/BroadCloud;• ContinuedcommercialprogressviatheIBMpartnership;• Third-partyrequestsforplatformintegrations.

EstablishingcriticalmasswithprovidersThe Company continues to believe the development of its telecommunication service providerrelationships is a key metric and indicator for the business. There remains significant long-termopportunitiesforDubbertobecomethedefactomarketleaderasthesectorseeksahomogenoussetoffeaturesandservicesacrossmultiplenetworks.TheCompanybelievesthatinpartneringwithasignificantmajority of telecommunications service providers globally in the future, it will help achieve significantmarketshareandthereforeconsolidatealong-termdefensiblebusinessmodel.At30June2019,43telecommunicationcarriersarenowbeingbilledbyDubber,comparedwith23at30June2018.Atotalof106haveagreedto implementtheDubberPlatform,upfrom36attheendofthepreviousfinancialyear.F

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Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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Overthecomingyears,Dubberexpectsitsservicetobeavailableonmultiplecarriernetworkswithineachofitsexistingrelationships,withanotableexpansionintomobileofferings.ContinuedgrowthinendusersDuringtheyear,theCompanycontinuedtogrowactiveusersfromtheagreementsprocuredinthepastfewyears,acrossAustralia,EuropeandNorthAmerica.Theseactiveusersrepresentcustomerswhohavetakentheservicepredominatelyforcomplianceandregulatoryreasons.Asat30June2019,therewere94,825activeusers,representingannualgrowthof222%.

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Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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Dubber’s core strategy continues tobe thatof achieving scale via indirect channels. These channelsareengaging Dubber directlywith large enterprise customers in Australia and the USAwho are seeking tocaptureandmanageasmanyoftheircustomerinteractions,andtherebytheirdata,aspossibleinordertodeterminemarketinsightsandcreatebusinessproductivityoutcomes.Theabilityforlargeenterprisestogo beyond contact centres and switch on recording and AI immediately - available from their serviceproviders-forlargersectionsoftheirbusinesses,isaverycompellingproposition.Dubberiswellplacedtoprovide these services and has been active in designing potential solutions with a number of largeenterprisebusinessesthattheCompanybelieveswillbecome“industry”references.Cisco/BroadCloudDubber’spositionastherecordingplatformembedded intoCisco/BroadCloudhasenabledtheCompanyto procure agreements with telecommunications service providers, for additional networks, at anincreasing rate. Furthermore, the acquisition of BroadSoft by Cisco has created a substantial marketopportunity in linewith the releaseofnewservicesannouncedbyCiscoaspartof itsownCloud/Voicestrategy. The Company believes that this will form a fundamental part of its strategy and resourcingrequirementsforFY2020givenCisco’sglobalsaleschannelandsalesnetworks.IBMDubber’spartnershipwithIBMcontinuestoproviderealcommercialvaluebothintermsofrevenuesandopportunities.TheCompanyexpectsthistocontinueandgrowduringFY2020inlightofmarketconditionsintheEnterprisesector.IBMshowcasedDubberatanAPACsaleseventinSingaporeduringtheyearandDubberfeaturedatacommercialeventsurroundingtheMelbourneGrandPrix.DuringtheJunequarter,IBM launched itsMulti Zone Region Cloud strategy, againwith Dubber as the go-to-market technologycapableofcapturingvoicedataonalargescale,therebyenhancingIBMservicessuchasIBMWatsonAI.IBM continues to engagewith its large enterprise customers regarding implementations of the Dubberserviceona‘proofofvalue’basisleadingtowardscommercialagreements.Marketplace/Third-partyintegrationsDuring the year, there has been amarked uptake in potential partnershipswith third-party integrationpartners,particularlythosecompaniesintheanalyticsandAIspacewhoareseekingcontentrichdatawithwhichtoillustratevaluetotheircustomers.TheDubberPlatformenablesthecaptureofvoicedata,fromthe enduser’s telecommunications provider, delivering an ‘openplatform’, thereby enabling useof thedata,withtheenduser’sconsent.Thirdpartyintegrationpartners/marketplaceisacornerstonestrategyforwhich theDubberplatformwasoriginallydesigned since it enablesaddedvalue to thepartner, andtheircustomers,whiledeliveringrevenuetoDubber.Therefore,theCompanyisconfidentthatastrongerpenetrationoftheultimateaddressablemarketwillbeseeninthenextfinancialyear.RevenuegrowthfollowsusergrowthTheCompanycontinuestogrowrevenuewitha269%increase($5.54m)inoperatingrevenueforthe12monthsto30June2019,asshowninthegraphbelow.

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Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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Continuedgrowth inusernumbersatexponentially increasingratesacrossthefinancialyearsawrecorduptake.RevenuesfromthisuseruptakeisexpectedtocontinueintoFY2020inlinewithstandardbillingcyclesandcommercialterms.

SetupforsuccessinFY2020andbeyondDubber completed a $22m capital raising in April 2019, providing the Company with the capital tosignificantlyscaleupitsoperationstomeetthegrowingdemandforitsservices.TheCompanysincethenhas focused on scaling its resources, notably, key personnel to capitalise on the following commercialopportunities:

• Wholesaleprovisionofservicestotelecommunicationsserviceproviderso Additional sales personnel to take advantage of opportunities to procure more network

agreementsinAustralia,NorthAmericaandEuropeo Accountmanagementpersonneltoassistwithrevenue/salesgenerationinAustralia,North

AmericaandEurope• Extensionofthedubberconnect.commanagedservice

o Account management personnel to assist with revenue/sales generation to meetopportunitiesinAustralia

• Supportand‘sellthrough’viachannelssuchasIBMandCisco/BroadSofto The Company has added additional channel resources to expand the reach and sales

velocitywithbothoftheseorganisations• DevelopmentofenduserAIapplications/integrations

o Enabling thirdparty integrationse.g.CRMsystems/ tradingplatformswhichhaveDubbergenerateddataattheircore

o Continued development of AI services targeted as value added services fortelecommunicationsserviceproviders.

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Dubber Corporation Ltd

ACN 089 145 424 Level 5, 2 Russell Street Melbourne VIC Australia 3000

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TheCompany’scontinuedfocusisto:1. Increasetheservice’snumberofactiveusersquarteronquarter;2. IncreaserevenuefromusersoftheDubberPlatform;and3. Increase the global footprint across telecommunication service providers, thereby enabling the

Company’suniqueplatformtodemonstrate thevalueofcapturingandanalysingvoicedataonaglobalscale.

Inaddition,theCompanywillbeworkingwithitspartnerstoexpandthemarketforcallrecordingandAIservicesbeyondtheenterprisesectorintomassmarketbasedonusecases,‘Op-Ex’affordabilityandtheimmediateavailabilityviatelephonynetworks.Formoreinformationpleasecontact:Investors Media Simon Hinsley Terry Alberstein simon.hinsley@dubber.net terry@navigatecommunication.com.au+61 (0) 401 809 653 +61 458 484 921 AboutDubberDubberistheworld’smostscalablecallrecordingservicewhichhasbeenadoptedascorenetworkinfrastructurebymultiplegloballeadingtelecommunicationscarriersinNorthAmerica,EuropeandAsiaPacific.Dubberisadisruptiveinnovatorinthemulti-billiondollarcallrecordingindustry,itsSoftwareasaServiceofferingremovestheneedforhardware,productizationorcapitalexpenditure.

AsthetelecommunicationssectormovestowardsCloudservices,DubberhasalsobeenchosenbyBroadSoftincforitsgloballeadingCloudtelecommunicationsplatform,BroadCloud,astherecordingandvoicedatacaptureserviceforitsnetworkoftelecommunicationsServiceProviderCustomers.Dubberprovidestheopportunityforthecaptureofvoicedataacrossthesenetworksenablingfurthermonetisingopportunities,inadditiontoregulatorycompliance,intheareasofanalytics,artificialintelligenceand‘BigData’-expandingthepotentialmarketforcallrecordingtoeveryphone.

Formoreinformationpleasevisit:www.dubber.net

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