QANTM Intellectual Property : 2021 Annual General Meeting Addresses

QANTM 2021 ANNUAL GENERAL MEETING ADDRESSES

ASX Announcement

only30 November 2021

useQANTM Intellectual Property Limited (QANTM), in accordance with ASX Listing Rule 3.13, today releases the addresses to shareholders to be given by the Chair and the CEO and Managing Director at QANTM's virtual Annual General Meeting to be held this morning as well as supporting presentation slides.

A webcast of the event will be available to view live via the following link: https://web.lumiagm.com/361120028

personalThis announcement has been authorised by the QANTM Board for release through the ASX Market Announcements Platform.

For further information, please contact:

Craig Dower

Chief Executive Officer and Managing Director

Tel: [phone]

www.qantmip.com

About QANTM Intellectual Property

ForQANTM Intellectual Property Limited (QANTM, ASX: QIP) is the owner of a group of leading intellectual property (IP) services businesses operating in Australia, New Zealand, Singapore and Malaysia under five key brands - Davies Collison Cave, FPA Patent Attorneys, Cotters Patent and Trade Mark Attorneys and Advanz Fidelis IP and Sortify.tm Ltd (including Sortify's brands - DIY Trademarks, Trademarks Online and Trademark Planet). With more than 150 highly qualified professionals, the businesses within the QANTM Group have a strong track record in providing a comprehensive suite of services across the IP value chain to a broad range of Australian and international clients, ranging from start-up technology businesses to Fortune 500 multinationals, public research institutions and universities.

QANTM INTELLECTUAL PROPERTY LIMITED

2021 Annual General Meeting

30 November 2021

Addresses by Richard England, Chair and Craig Dower, CEO and Managing Director

Richard England, Chair

onlyAt the outset, I would like to convey that this will be my last AGM as Chair.

Item 3 of the formal business is a resolution for my re-election as a director. It is worth making some brief remarks at the outset in this regard.

As the company announced to the ASX on 22 October, I intend to retire as Chair and a non- executive director of the company in the first half of the 2022 calendar year. Sonia Petering, a current non-executive director, will succeed me as the Chair of QANTM.

useI will ask Sonia to speak at the end of today's formal proceeding. I am sure it will be informative for shareholders to hear Sonia's perspectives of the company, her role as Chair and her observations on board evolution.

So shareholders understand the reasons for me seeking re-election as director - and remaining as chair, even if for only a short period - let me convey the Board's thinking on this matter.

personalFirstly, the company expects to be in a position over the next two to three months to announce at least one, if not two, new non-executive director appointments. This is in the

context of two directors resigning during the past twelve months, and not being replaced.

It is appropriate for the board to have its three current non-executive directors - assuming my re-election today - continue as directors. This will ensure continuity of board functioning and allow the induction of the new directors, as well as the smooth transition to our new Chair.

Secondly, I am the only director on the Audit, Risk and Compliance Committee with formal accounting qualifications. The board consider it appropriate that I remain in this role to overview the half year financial results to be released in February. Even if we have a new director with accounting qualifications before that time, the Board considers it would be unfair to expect that person to adopt this responsibility so soon in their tenure as a director.

QANTM Business Situation

Now, I would like to make some brief comments on the current state of affairs of the company. I do this in the context of shareholders having had access to the full year financials and annual report for the year ended 30 June 2021.

ForFirst, I observe that the company is in a very sound financial position and is performing well. QANTM had a strong 2021 year, despite foreign currency head winds and the continuing, often severe restrictions, imposed by the COVID-19 pandemic.

Service charge revenue increased 2.3 per cent or what would have been 7.3 per cent on a constant currency basis.

Total revenues increased by 2.1 per cent.

Operating cash flow strengthened and was up 31.1 per cent to $19.8 million.

Net debt reduced, strengthening the company's balance sheet along with increased funding capacity, currently A$20 million undrawn, for potential use in business expansion activities.

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QANTM INTELLECTUAL PROPERTY LIMITED

2021 Annual General Meeting

30 November 2021

Addresses by Richard England, Chair and Craig Dower, CEO and Managing Director

Fully franked dividends were 7.4 cents (an increase over the prior year). onlyReturn on shareholders' equity was 16.7 per cent.

Importantly, some of the underlying indicators of business performance now and into the future are favourable.

Group patent applications increased by 11 per cent in 2021 to the highest level the company has recorded since its listing in 2016.

Australian patent applications increased by 9.7 per cent; a multiple of market growth with a usecorresponding increase in QANTM's overall market share.

The trademarks business had mixed fortunes during the year, with an 8 per cent increase in Australian filings even though overall filings were 7.6 per cent lower - in large part due to COVID-related restriction impacting our Malaysian business.

These outcomes are positive for future revenue growth given the life cycle characteristics of our business.

personalThese financial and business outcomes were achieved in the context of significant business adjustments required to deal with COVID-19 restrictions, which particularly impacted the

Melbourne operations, but also the Sydney office and most severely our Malaysian business.

Craig has spoken elsewhere about the agility and response made by our people. The entire workforce adapted in a short space of time to working remotely and has continued to do so very effectively. I endorse Craig's comments and thank our people for their magnificent effort.

The strong underlying business performance is a testament to the resilience of the intellectual property sector generally, but in particular to the QANTM Group and our people.

I would now like to make some observations on key areas of evolution and advancement of QANTM in the five years since its listing.

Partnership to Public Company

The transition from a partnership structure to a public company in the professional services area is never going to be a straightforward process. The culture and practices of a professional firm and a public-listed company are quite different. Despite some initial challenges, the Board

Foris proud of the transition that has occurred. The QANTM of today operates in every respect as a listed public company with a high degree of alignment to the ASX Corporate Governance Principles.

Broader Portfolio

QANTM now has a much broader business portfolio than in 2016 at the time of listing. Craig will speak to this during his address. I consider this reflects not only great continuity in client relationships, but also advances in securing new clients and involvement in new industry sectors with the addition of new capabilities and business opportunities through the acquisitions of Advanz Fidelis, Cotters and most recently Sortify.

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QANTM INTELLECTUAL PROPERTY LIMITED

2021 Annual General Meeting

30 November 2021

Addresses by Richard England, Chair and Craig Dower, CEO and Managing Director

Asia

onlyAs part of our business evolution, the growth of QANTM's Asian presence remains a key strategic focus. Our Asian business has grown, notwithstanding extreme COVD-19 restrictions impacting our Malaysian operations, particularly in 2021. Asian Patents now constitute 14 per cent and Asian revenues 6 per cent of those for the Group. The board and management are confident that our Asian presence provides a strong base to build over the next few years.

Strategic Framework

Under our Chief Executive Officer, Craig Dower, we have adopted a comprehensive approach useto developing an integrated strategic framework, with key business initiatives, as well as

associated financial metrics.

As part of 18 months of work, we have looked critically at our own business attributes, including shortcomings. We have surveyed the existing and emerging competitive environment. We have sought to understand the potential bases for disruption and disaggregation of traditional business models in IP. This has included how we might play a role

in this disruption ourselves, while preserving our core competitive advantages. personalImportantly, we have sought to link strategic areas of focus to value outcomes, specifically

revenue growth, eps accretion and total shareholder return metrics.

This work will continue to be the foundation for management and board deliberations for future business initiatives.

Culture

The QANTM culture seeks to ensure the attraction and retention of the best possible people- capability in the intellectual property sector. As Craig has conveyed, we have a range of processes and initiatives in place designed to enhance the professional careers, flexibility in work arrangements and skills of our people. The alignment, commitment and professional dedication of our people - I believe - is and will be a hallmark for the QANTM business entities and their standing in their markets.

Management

We have strengthened our management capabilities to more appropriately match QANTM's Forgrowth phase as a public company.

I make this observation both for the corporate management team and the management groups within the separate professional entities.

At the corporate level, it is appropriate and valuable that we now have some key functions resourced which are central to business outcomes. Examples are our Head of Risk and M&A, our General Counsel and Chief Transformation Officer, as well as increased capabilities in IT and human resources. The skills and areas of focus embodied in these roles - and others - are central to how we will grow as a public listed company.

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QANTM INTELLECTUAL PROPERTY LIMITED

2021 Annual General Meeting

30 November 2021

Addresses by Richard England, Chair and Craig Dower, CEO and Managing Director

Business Systems

onlyOur internal processes, business systems and information technology architecture have been vastly improved since listing.

To date this has required a significant investment, with this investment essential to our internal capabilities and ability to continuously improve our service offering to clients.

Craig will make reference to a couple of areas, namely the establishment of a US Sales Desk by DCC and the implementation of a Group-wide business client methodology, where this investment can be expected to generate client and revenue benefit outcomes.

useBoard and Governance

In terms of the Board and Governance, we are taking a robust approach to board renewal to respond to current and future business needs. We intend to take full advantage of the board renewal process to ensure QANTM is fit for purpose in a dynamic business environment.

As part of our strategic planning work, and in identifying the principal areas of growth for the personalcompany, we have also considered - in depth - the requisite skills composition of the Board of

Directors.

As indicated, we expect to make two new non-executive director appointments over the coming months if not weeks. We have been delighted with the calibre of the list of candidates presented to us by our search consultants.

I am confident that Sonia, who will succeed me during the forthcoming year, will bring a fresh perspective and deep knowledge of the business, as well as strong working relationships with Craig and his team and the managing principals and their teams. Importantly her appointment as Chair will provide continuity of corporate memory at board level.

In Conclusion

QANTM has a high level of momentum and an alignment and commitment of purpose. It has been an honour to serve the company, its people and our shareholders.

My only regret as Chair is that all the improvements in the business I have described have not been reflected in the share price performance and therefore total shareholder returns.

ForI firmly believe that the best years of QANTM are in front of it. I will follow the fortunes of the company with great interest.

In closing I would like to acknowledge the support and counsel of my fellow directors, including the two - Abigail Cheadle and Cameron Judson - who resigned during the year. I also acknowledge the hard work and contribution of the management teams across QANTM and specifically recognise Martin Cleaver, our former CFO, who recently left to take up another career opportunity. My thanks to Craig Dower for his leadership of the company. Finally I pass on my thanks to all of the people who make up the QANTM Group. I believe our clients and shareholders are very well served by the depth of talent and professional commitment of the QANTM team.

Thank you, I will now hand over to Craig.

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