Openn Negotiation : North America Presentation

Important information and disclaimers

Openn Negotiation Ltd (ACN 612 329 754) ("Openn" or "the Company"). Purpose of Document This document has been prepared by Openn Negotiation Ltd (ACN 612 329 754) ('Openn') for the sole purpose of providing high-level informationof a general nature regardingOpenn, its wholly-owned subsidiary, Openn Pty Ltd (ACN 612 338 477) trading as 'Openn Negotiation' ('Openn Negotiation'), the group business and Openn's securities.

Indented Recipients

This document provided personally and in confidence to a restricted number of recipients who are intended to be persons within Australia to whom securities may be offered and issued without the need for a prospectus or other disclosure document, being a person within one of the categories in section 708 of the Corporations Act 2001 (Cth). Persons who do not meet this requirement but who come into possessionof this document should return it to Openn. Any forwarding, distribution or reproduction of this document (in whole or in part) is prohibited.

Geographical Restrictions

This document is not intended to be provided to any person in a jurisdiction outside of Australia unless specifically approved by Openn on a case-by-case basis. The distribution of this document outside of Australia may be restricted or regulated by foreign securities laws. Openn has not taken any action register or qualify this document with any governmental or regulatory body, either in or outside of Australia. Persons outside of Australia who come into possession of this document should return it to Openn.

Not Investment Advice

This document is not investment advice and should not be relied upon to make any investment decision. Nothing in this document is a recommendation to invest in Openn. Openn does not purport to give any financial or investment advice. Account has not been taken of the objectives, financial situation or needs of any recipient of this document.

No Recommendation

This document is not a recommendation to apply for or purchase any securities in Openn. Any decision to invest in Openn must be based on an investor's own circumstances, investigations, analysis and assessment of Openn's current and proposed operations and prospects.Further, due to its early stage of development, any investment in Openn should be considered speculative.

Not Disclosure Document

This document is not a prospectus, product disclosure statement or other regulated investment disclosure document. The level of disclosure in this document is less than in suchdisclosure documents.Accordingly, this document does not purport to contain all of the information that a prospective investor or their advisers may require to make an evaluation of Openn, its securities or its business activities.

Not an Offer or Invitation

This document does not make or contain any offer of securities, invitation to subscribe for securities, or any other offer to invest in Openn to any person. No money or other consideration is being solicited by this presentation. Specifically, it is not an offer, solicitation, nor a specific recommendation with respect to the subscription for, purchase, subscription or sale of any security, nor is it circulated to invite offers to purchase any security. It is for general information purposes only.

Accuracy of Information

Openn does not give any warranty, representation or assurance (express or implied) as to the accuracy, reliability, relevance or completeness of the information and material contained in this document. The information in this document may be in summary/abbreviated form. Nothing contained in this document is, or may be relied upon, as a promise, undertaking, representation or warranty, whether as to the past or the future. To the extent permittedby applicable law, Openn disclaims any responsibility for the accuracy or completeness of the information or material contained in this document, and excludes all liability whatsoever (including innegligence) for anyloss or damage which may be suffered by any person as a consequence of anyinformation or materialin this document or of any error or omissionin relationto the same.

Forward-Looking Statements

This document contains forward-looking statements which may be predictive in nature and incorporate an element of uncertainty or risk, such as 'intends', 'may', 'could', 'believes', 'estimates', 'targets' or 'expects'. These statements are based on an evaluation of current economic, financial andoperating conditions, as well as assumptions regarding future events. There cannot be any assurance that such events will occur as anticipated, or at all, given that many of the events are outside Openn'scontrol. The stated eventsmay differmaterially fromtheultimate resultsor circumstances. Accordingly, Openn does not warrant or represent that the results, performance, outcomes or achievements expressed or impliedby the forward- looking statements contained in this document will actually occur as and when stated, or at all. Further, other than as required by law, Openn maynot update or revise any forward-looking statement if events subsequently occur or information subsequentlybecomes availablethataffectstheoriginalforward-looking statement.

Professional Advice

Recipients of this document should consider seeking appropriate professional financial, taxation, accounting, investment and/ or legal advice in relation to the document and all other information with respect to Openn, including evaluating its business, financial performance, securities and operations.

Risks

An investment in Openn, as with any investment, involves a degree of risk. Recipients should consider the risks carefully before making any investment decision. A key risks section is included at the end of the document.

Exclusion of Implied Terms

Openn excludes all terms, conditions, warranties or guarantees that are implied into this document by law, to the maximum extent possible.

Proprietary Information and Copyright

This document and the information it contains is proprietary to Openn. Openn holds the copyright in this document. Except as permitted under the Copyright Act 1968 (Cth), this document must not be reproduced, copied or distributed (whether in wholly or in part) without Openn'swrittenpermission.

Benefit of Disclaimers

To the extent permitted by law, the disclaimers and other provisions above are for the benefit of, and may be relied upon by, Openn and Openn Negotiation, as well as their respective directors, officers, employees, contractors, agents and advisors (as applicable).

Date of Information

The contents of this document have been prepared having regard to the information available at November 2020.

Openn offers innovative sales processes for real estate transactions, combining the ease of private treaty, the transparency of auction and cutting-edge technology to ensure the best possible sales outcome for sellers and buyers, facilitated by the Agent.

Sub-optimal pricing outcomes Maximises competitive tension by allowing conditional and unconditional buyers to compete through transparent price discoveryThe public demand transparency Offers buyers and sellers a consistent and trustworthy process that provides proof of a property's market value

Real estate transactions and data are fragmented Digitises and automates the transaction, creating unique depth of market data and efficiencies throughout the real estate journey

Openn is expanding into the USA and Canada, starting with targeted pilot programs in Canada, Connecticut, Massachusetts, Illinois and North Carolina

Confirmed go-to-market strategy. Channel partners optimize revenue model, market penetration and business scalability.

Clear market need for Openn's products:

Canada's Liberal government has promised to introduce aHome Buyers' Bill ofRights that would "crack down on predatory speculators" by banning blind bidding

What an end to blind bidding for real estate could look like |CBC News

Study supports blind bids, some realtors favour transparency |CTV News

550,000

property sales p.a4

6.4 million

property sales p.a1

~USD $830 billion annual commercial property sales2 ~0.5 million land/rural sales p.a.3

• • A multiple listing service (MLS) is a database established by cooperating real estate brokers to exchange listings data between sales agents and buyers agents

• • 531 MLSs in the US (18 in Canada)

• • Top 20 MLS's each have between 10,000 - 100,000 agents

• • In North America, there are typically multiple buyer's agents acting for buyers in a transaction, in addition to the seller's agent

• • There are ~86,000 residential brokerages/ franchises in the US

• • Top 1,000 represent ~50% market share by volume and top 100 represent >25%

TOP 10 MLS's	SUBSCRIBERS
California Regional MLS	101,500
BrightMLS (MD)	90,900
StellarMLS (FL)	58,500
First MLS (GA)	45,670
Midwest RE Data (IL)	45,260
OneKeyMLS (NY)	43,000
MLSPIN (MA)	42,400
Arizona Regional MLS	40,937
North Texas RE Info Systems	40,630

RESIDENTIAL SALES LAST TWELVE MONTHS
Northeast	0.8 million
Midwest	1.5 million
South	2.8 million
West	1.3 million

Source:NAR