• Raising up to $3.3 million through a 1-for-2 non-renounceable entitlement offer
• Funds to be used for sales/marketing, product development, and debt reduction
• Partially underwritten by Pure Asset Management up to $2 million

Swift Networks Group Limited is making a non-renounceable pro rata offer of 1 new Share for every 2 Shares held by Eligible Shareholders on the Record Date at an issue price of $0.01 per Share to raise up to approximately $3,318,000 (before costs). The Entitlement Offer will be partially underwritten up to a value of $2 million by Pure Asset Management Pty. Ltd. as trustee for The Income and Growth Fund. Swift is entering a new growth phase with the introduction of Swift Access 2025, which encompasses a new user interface and the ability to integrate into external Apps. The Company intends to use the funds raised from the Entitlement Offer for sales/marketing and working capital associated with increasing market awareness and penetration of Swift Access 2025 into the Mining and Aged Care markets, further product feature developments, and progressing the development of Swift Access 2026. A portion of the funds will also be used to reduce the Company's debt by approximately $1,408,000. Any securities not validly subscribed for under the Entitlement Offer will form part of the Shortfall Offer, which will be issued on the same terms as the Entitlement Offer.

Swift believes it is ideally placed to take advantage of significant market changes in the Mining and Aged Care industries as they move away from linear PayTV, with the introduction of Swift Access 2025 and suitable funding expected to drive shareholder value.