Becoming a substantial holder

603 Page 1 of 2 26 August 2014

Form 603

Corporations Act 2001 Section 671B Notice of initial substantial holder

To Company Name/Scheme The Agency Group Australia Ltd (Company)

ACN/ARSN 118 913 232

1. Details of substantial holder (1) Name John Kolenda

ACN/ARSN (if applicable) N/A

The holder became a substantial holder on 11/01/2019

2. Details of voting power The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities (4) Number of securities Person’s votes (5) Voting power (6) Fully paid ordinary shares (Ordinary 17,620,932 17,620,932 16.97% Shares)

3. Details of relevant interests The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Nature of relevant interest (7) Class and number of securities Power to exercise voting rights attached to the John Kolenda 17,620,932 Ordinary Shares securities and power to dispose the securities

4. Details of present registered holders The persons registered as holders of the securities referred to in paragraph 3 above are as follows: Holder of relevant Registered holder of Person entitled to be Class and number of securities interest securities registered as holder (8) John Kolenda Daring Investments Pty Ltd Daring Investments Pty Ltd 9,633,333 Ordinary Shares Daring Investments Pty Ltd ATF Daring Investments Pty Ltd ATF John Kolenda 7,987,599 Ordinary Shares Kolenda Family Trust Kolenda Family Trust

5. Consideration The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows: Holder of relevant Date of acquisition Consideration (9) Class and number of securities interest Cash Non-cash $2,890,000 in relation to John Kolenda 11 January 2019 9,633,333 Ordinary Shares Company Placement $1,848,000 in Shares in Top relation to debt Level Real Estate within Top Pty Ltd John Kolenda 11 January 2019 Level Real exchanged for 7,987,599 Ordinary Shares Estate Pty Ltd shares in that is Company as part converted to of the Amended

603 Page 2 of 2 26 August 2014

shares in the and Restated Company as Option part of the Agreement for Amended and the Company to Restated acquire Top Option Level Real Estate Agreement for Pty Ltd (released the Company to the market on to acquire Top 19 September Level Real 2018) Estate Pty Ltd (released to the market on 19 September 2018)

6. Associates The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

Name and ACN/ARSN (if applicable) Nature of association

Daring Investments Pty Ltd Entity that the substantial holder controls Daring Investments Pty Ltd ATF Kolenda Entity that the substantial holder controls Family Trust

7. Addresses The addresses of persons named in this form are as follows:

Name Address

Daring Investments Pty Ltd Level 24, 52 Martin Place, Sydney, NSW 2000

Daring Investments Pty Ltd ATF Kolenda Family Trust Level 24, 52 Martin Place, Sydney, NSW 2000

Signature

print name John Kolenda capacity N/A

sign here date 23 January 2019