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1 ASX Release: 16th March 2015 Strategic Investment Update The Board of Applabs Technologies Ltd (ASX:ALA) ( Applabs the Company ) is pleased to provide shareholders with an update on its current strategic investments and the current market values ascribed to each of our investments (excluding the value of Home Open and Fee For Service Division). Strategic Investment Valuation Cash and receivables ~$3,000,000 xtv Networks Ltd ~$900,000 Liberty Resources Ltd ~$340,000 RosterElf ~$450,000 Epat ~$250,000 Pay2Day ~$390,000 Chat Centre ~$65,000 Context Plane ~$65,000 Loyalty App ~$75,000 GB Energy Ltd ~$50,000 Positiv Flo ~$50,000 Total ~$5,635,000 HIGHLIGHTS Applabs currently has cash and receivables of ~$3,000,000 xtv Networks Ltd completed a $6M capital raising and successfully listed on the ASX. Based on the last share price the current value of Applabs interest in xtv Networks Ltd is ~$900,000 Liberty Resources Ltd, has exercised its option to acquire Cirrus Networks Pty Ltd and will move towards full acquisition in the coming weeks. Based on the last share price the current value of Applabs interest in Liberty Resources is ~$340,000 Chat Center has advanced development for the launch of a new version complete with paid services for SMB s. Based on the share price under the last capital raising the current value of Applabs interest in Chat Centre is ~$65,000 PAY2DAY product has now launched and is currently undertaking solid beta testing. Based on the share price under the last capital raising the current value of Applabs interest in PAY2DAY is ~$390,000

2 RosterElf s recently launched website is converting well and development of the payroll integration and clock- in- out app are being finalised for release in Q Based on the share price under the last capital raising the current value of Applabs interest in RosterElf is ~$450,000 PositivFlo has completed the development of the PositivFlo app for Personal Trainers and will now move into the customer acquisition phase. Based on the share price under the last capital raising the current value of Applabs interest is ~$50,000 Context Plane Inc continues to build on the advanced development work. Based on the last capital raising share price the current value of Applabs interest is ~$65,000 Loyalty App has commenced development. Based on current valuations of Loyalty App, Applabs interest is ~$75,000 Electronic Pain Assessment Tool Pty Ltd (epat) continues development. Based on the last capital raising share price Applabs interest is ~$250,000 Applabs holds 25,000,000 shares in GB Energy Ltd. Based on the last traded price of 0.02c this holding is currently worth ~$50,000. Applabs' Managing Director, Patrick Glovac, commented: The corporate transactions facilitated by Applabs further validate the Company s Strategic Investment Division s business model. We look forward to helping the next group of portfolio companies through this process and continue to ensure current and further strategic investments compliment and expand upon the services the Fee For Service Division is able to offer clients. Comparison Table Name Mkt Cap Revenue 6 months 31 st December 2014 ALA $6.2m $389k FFG $32.4m $414k AB1 $29m $1.23m (US $934k) ZIP $30.8m $352k CXZ $14.4m $20k

3 For further Information, please contact Company Secretary: Charly Duffy Media enquiries: Jane Morgan Applabs Technologies Ltd Applabs Technologies Ltd (ASX:ALA) is the first ASX listed app development and technology venture fund company. The Company offers a unique business model of both an app developer and a technology financer, enabling the Company to produce apps for customers as well as the ability to fund, develop and market exciting new leading edge apps internally. TV

4 Appendix 1 xtv Networks Limited In December 2014, xtv Networks Limited (ASX:XTV) completed a successful capital raising of the maximum amount of $6 million under its December prospectus. The Company has since commenced trading on the ASX. Subsequent to listing, xtv has signed two lucrative contracts with Innoatv Health and UST Global. Liberty Resources Limited One of Applabs investment portfolio companies, Liberty Resources Limited (ASX:LBY) announced that it had exercised its option to acquire 100% of Cirrus Networks Pty Ltd. The Western Australian based information technology integrator recorded unaudited revenue of A$6.05M for the half year ending December 2014, through well known Australian clients including; Argyle Diamond Limited, Western Australian Police, Royal Hill Iron Ore, LandCorp and Independence Group NL.

5 Chat Center Inc Chat Center is revolutionising Web Chat by making it possible for customers to chat with a company using Click to Chat from the web. Companies will be able to receive the chats on their mobile devices. Anyone can chat with any person, business, or thing using a universal name over any medium. A Chat Center name is a URL, making it possible to initiate a chat with any entity via a simple click. Chat Center is also integrated with the Internet Domain Name System, making it possible to provision chat using your own domain. It plans to partner with domain name resellers and web hosting companies. This is the beginning of the Internet of People and Businesses PAY2DAY PAY2DAY has now launched the product with beta customers as well as developed strategic positions with key players who are instrumental in the success of the app.

6 RosterElf RosterElf had an extremely successful quarter with the launch of the new enhanced website. The clock- in- out table app is 90% complete and testing has begun. The Company expects commercial release to be scheduled for Q The Payroll integration feature which links to MYOB, Xero and Quickbooks is also currently being developed and is expected to launch in Q PositivFlo Development of the PositivFlo app for personal trainers is now complete. The main features of the app seamlessly combine scheduling, automated billing and client management. The App has now moved into a Beta testing phase with the goal of achieving a full national roll out by the 2 nd Quarter of Updates can be found on the PositivFlo Website ( epat The Electronic Pain Assessment Tool epat is a tool for detecting, evaluating and documenting pain severity in non- communicative patients. epat uses automated facial recognition technology and widely accepted pain indicators. To be developed as a mobile app for use by professional carers and healthcare providers, it is designed for consistent assessment and ease of use so that it may also be an aid for family members who are acting as carers.

7 Context Plane Inc Context Registry provides a universal registry for the Internet of Places. Beacons can be discovered without the need for specific apps designed for each Beacon provider. This will allow the physical world to be browsed. People and places can interact in real time and Context Registry provides the context and the meaning for each of these interactions. Context Registry s revenue model is through the registration of beacons by businesses and entities and the sale of lookup services to developers. This product is now in the advanced development phase. Loyalty App Pty Ltd Loyalty App utilises the latest technology to provide an effective platform for businesses to reward their customers loyalty, and give consumers access to great incentive and deals from businesses. Mr Ronnie Elhaj, who is the co- founder of the hugely successful building company Niche Living Group, founded the Loyalty App concept and serves as Managing Director.