Response to Media Speculation

27 September 2019

RESPONSE TO MEDIA SPECULATION

The Agency Group Australia (ASX:AU1) (“the Company” or “the Agency”) refers to speculation in the media over the past 24 hours regarding a potential M&A transaction.

While the Agency confirms it has received approaches from local and offshore real estate companies in recent months regarding potential corporate transactions, they are at this time preliminary and confidential in nature. There also exists sufficient doubt as to if any of these discussions may lead to a formal agreement being entered into.

The Agency and its advisors take an extremely selective and diligent approach to reviewing all potential M&A opportunities and are only focussed on advancing those that make strategic sense and provide value for our shareholders, agents and staff.

Since launching The Agency business less than three years ago, the Company has achieved outstanding national growth and operating results and has attracted some of the best agents across Australia. The integration of Top Level Real Estate Pty Ltd into the combined group has been highly successful, and the Company is confident further revenue growth will be achieved and cost synergies realised over the coming financial year.

The Agency has significantly enhanced its balance sheet in recent times and has a strong foundation from which to continue its strong growth, so while any approaches will be evaluated, they are not necessary for its immediate growth plans.

The Agency confirms it is compliant with the Listing Rules and, in particular, Listing Rule 3.1

If you require further information, please contact:

Investors Media The Agency Australia Ltd Chapter One Advisors Paul Niardone David Tasker / Colin Jacoby T: +61 08 9204 7955 T: +61 433 112 936 / +61 439 980 359 E: dtasker@chapteroneadvisors.com.au