Harris Technology : Unmarketable share parcel facility

6/94 Abbott Road

Hallam, VIC, 3803

Australia

Ph: 1300 13 9999

Fax: [phone]

Email: [e-mail]

ACN: 085 545 973

www.ht8.com.au

17 September 2020

ASX ANNOUNCEMENT

HT8 Implements Unmarketable Parcel Share Sale Facility

Key points

• Holders of Unmarketable Parcels will have their shares sold without incurring brokerage
• Holders of Unmarketable Parcels can elect not to participate in the sale and retain their shares
• The Company will achieve annual cost savings related to share registry, printing and postage expenditure

HT8 Limited advises that it has established an Unmarketable Parcel Sale Facility (Facility). An "Unmarketable Parcel" is defined by the ASX Listing Rules as a shareholding with a market value of less than $500. The Company is providing the Facility to enable holders of Unmarketable Parcels (other than deceased estates) to sell their shares without incurring brokerage and handling costs which could otherwise make the sale uneconomic or impractical. Shareholders with Unmarketable Parcels are not obliged to sell their shares. However, they will need to opt out of the Facility or their shares will be automatically sold for them at the end of the 42-day notice period. As at market close on 16 September 2020 (Record Date), an Unmarketable Parcel of shares in the Company is any shareholding of shares or less, based on the closing price of $0.14 per share. This represents 594,748 ordinary shares in the Company, held by 1,659 shareholders (representing approximately 0.23% of total issued capital). By facilitating the sale of Unmarketable Parcels, the Company will reduce the costs associated with maintaining a large number of small holdings. In particular, the Company expects to reduce the substantial costs associated with registry, printing and mailing documentation to shareholders. HT8 will appoint a licensed broker to sell the shares under the Facility. Sale proceeds will be forwarded to participating shareholders as soon as practicable following settlement of the sale of all the shares to be sold under the Facility. All associated costs and brokerage fees will be paid by the Company, excluding any tax consequences, which will remain the shareholder's responsibility. HT8 will seek to complete the Unmarketable Parcel sale process before 11 November 2020.

KEY DATES

Unmarketable Parcels Record Date

16 September 2020

Unmarketable Parcels Announcement to 17 September 2020

ASX

Letters sent to shareholders holding 23 September 2020

Unmarketable Parcels

Closing Date for receipt of Notice of 4 November 2020

Retention form

A copy of the letter, which will be sent to eligible shareholders, is attached. Shareholders with queries regarding the operation of the facility may contact Boardroom Pty Limited on 1300 737 760 between 8:30am and 5:00pm (Sydney time) Monday to Friday.

The release of this announcement was authorised by the Company's Managing Director on behalf of the HT8 board.

Garrison Huang

Managing Director

2

Email: [e-mail] | Ph: 1300 13 9999 | Fax: [phone]

17 September 2020

Dear Shareholder,

Unmarketable Parcels of Shares in Harris Technology Group Limited

Harris Technology Group Limited is implementing an Unmarketable Parcel Sale Facility (Facility).

The ASX Listing Rules define an "Unmarketable Parcel" of shares as one with a market value of less than $500. The Facility will apply to parcels of shares in the Company with a market value of less than $500 as at close of trade on 16 September 2020 (Record Date). Shareholders with an Unmarketable Parcel are not obliged to sell their shares. However, those who wish to retain an Unmarketable Parcel will need to opt out of the Facility otherwise the parcel will be sold and the relevant proceeds sent to them (see details below).

Shareholders whose shares are sold under the Facility, which is offered in accordance with the ASX Listing Rules and the Company's Constitution, will not have to act through a broker or pay brokerage or handling fees. The Company will pay all costs associated with the sale and transfer (excluding any tax, which will be the shareholder's responsibility). By facilitating the sale of Unmarketable Parcels, the Company will reduce the administrative costs associated with maintaining a large number of small holdings. In particular, the Company expects to reduce the substantial costs associated with registry costs and printing and mailing documentation to shareholders. However, if on the Closing Date the value of your shares has increased such that you no longer hold an Unmarketable Parcel (e.g. due to an increase in the Company's share price or the number of shares you hold), your shares will NOT be sold.

Key Dates

Unmarketable Parcels Record Date	16 September 2020
Unmarketable Parcels Announcement to	17 September 2020
ASX
Letters sent to shareholders holding	23 September 2020
Unmarketable Parcels
Closing Date for receipt of Notice of	4 November 2020
Retention form

Please also note that the Company will not sell your shares in the event that a third party announces a takeover offer for the Company. In accordance with its continuous disclosure obligations, the Company may release information to the ASX which may affect your decision as to whether you wish to sell or retain your shares. If such information is released,

3

Email: [e-mail] | Ph: 1300 13 9999 | Fax: [phone]

it will be published on the ASX website (www.asx.com.au, ASX code:HT8) and on the Company's website http://ht8.com.au/investor-relations/asx-announcements

WHAT DO I NEED TO DO?

As a holder of an Unmarketable Parcel, your options are described below:

1. Sell your Unmarketable Parcel

If you wish to sell your shares through the Facility, you do NOT need to take any action. By refraining from taking any action, you will be deemed to have irrevocably appointed the Company as your agent:

1. to sell all of your shares at a price to be determined by when and how the shares are sold, without any costs being incurred by you; and
2. to deal with the proceeds of the sale as set out in this letter.

If you have more than one holding on the Company's share register, you may wish to consider contacting the share registry to amalgamate your holdings. This may result in your holding no longer being classified as an Unmarketable Parcel. The Company will appoint a licensed broker to sell the Unmarketable Parcels. Payment will be forwarded to you as soon as practicable, following settlement of the sale. Please note that the Company will not sell your shares in the event a third party announces a takeover offer of the Company.

2. Retain your Unmarketable Parcel

If you do not wish to sell your Unmarketable Parcel, you must opt out of the Facility by completing and returning the enclosed Notice of Retention form to the address on the form so that it is received before the Closing Date. If our share registry has not received your Notice of Retention form by the Closing Date, your shareholding will be sold under the Facility. I have enclosed an Information Sheet about the Facility. However, the Company does not provide any recommendation or advice on whether you should sell or retain your shares. If you are unsure, you should seek independent financial, legal or taxation advice prior to making a decision as to whether you wish to participate in the Facility.

Yours sincerely,

Andrew Plympton

Chairman

4

Email: [e-mail] | Ph: 1300 13 9999 | Fax: [phone]