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1 Cirrus Networks Limited The Next-generation IT Solutions Integrator Investor Presentation October 2016 October 2016

2 BUSINESS UPDATE

3 Shareholder Breakdown Capital Structure Shareholder Breakdown CEO & Founder Directors Other Senior Management Other Shares 169,552,910 76,508,971 62,708, ,655, ,426,485 % Share 25.1% 11.3% 9.3% 54.4% Capital Structure 30 September 2016 Shares on Issue Unlisted Options Fully Diluted Share Capital Milestone Shares Holders 1,392 Shares 676,426,485 91,625, ,051,485 CEO & Founder 25.1% Milestones Milestone 1 Revenue Milestone 2 EBIT Milestone 3 EBIT $000 $12,000 $2,000 $4,000 $18,000 Ordinary Shares Achieved & Issued 25,000,000 17,500,000 42,500,00 Market Cap (@2.9c) $19,616,368 (as at 30 Sept 2016) $ 4,078,645 Other 54.4% Other Senior Management 9.3% Directors 11.3% Board of Directors * Transitioning roles Frank Richmond * Matthew Sullivan * Andrew Milner Patrick Glovac Daniel Rohr CEO & Managing Director Exec Director Non-Exec Chairman Non-Exec Director Non-Exec Director

4 Business and Initiative Update Canberra L7 Acquisition Significant Wins Australian government ICT spend in excess of $5 billion Builds on the growth strategy through geographic expansion Lisa Thorburn appointed as General Manager Federal 5 FTE incl. Lisa Cirrus acquired L7 Solutions for $500,000. Acquisition provides greater scale for Cirrus managed services business and adds greater capabilities and expertise in this market. Accelerates the ability for further growth in WA and interstate. Cirrus Networks wins $2.2M State Government Cisco support contract Dept. of Health maintenance and support contract totaling in excess of $2 million Continues success in our Government focused strategy Highlights the value of the Cisco focused L7 Solutions acquisition Cirrus Networks secures key local Government project Competitive contract worth $350,000 for the City of Armadale Demonstrated capability and understanding of the local government sector Value based solution to lower operational costs Cirrus Networks wins enterprise storage contract Product and associated services contract totaling in excess of $1.5 million Continues the success of an enterprise focused strategy Blue chip financial services customer Cirrus Networks wins enterprise licensing contract 2 enterprise licensing contracts totaling excess of $1.2 million Continues the success of an enterprise focused strategy Blue chip based customers

5 Timeline Snapshot Aug ANZ Emerging Partner of the Year from Juniper Nov 2015 Rank 3 rd in 2015 CRN Fast50 Feb 2016 Completes Integration of L7 Solutions Apr 2016 Cirrus wins 2 new enterprise licensing contracts Aug 2016 Maiden Full FY16 results Sep 2016 Secures Key Local Government Project Oct 2016 Wins Health Contract $2.2M Oct 2015 MS win Richmond Wellbeing $600K value Dec 2015 L7 Acquired For $500K Apr 2016 Cirrus to open new Canberra office Aug 2016 Wins Enterprise Storage Contract Sep 2016 Wins $2.2M Cisco support contract Sep 2016 Confirmation of Milestone 1 Shares

6 Project Highlight: Richmond Wellbeing Strategic shift in IT service delivery creates efficiencies and improves user experience for health provider For 40 years Richmond Wellbeing has been offering a wide range of mental health accommodation for people in Perth living with mental health distress. Cirrus Networks completed a thorough environmental audit, and found three main areas of concern. 1. IT team was functioning in a purely tactical, taskbased environment 2. Service calls were not solved properly 3. Poor infrastructure decisions with some legacy equipment was not working well Cirrus Networks partnered with Richmond Wellbeing to deliver an outsourced IT solution. This included: A 24/7 helpdesk Deskside support on-site Data centre infrastructure monitoring Back-up service through Cirrus cloud Strategic IT consulting Identifying infrastructure priorities to ensure equipment is kept up-to-date and procured cost effectively The new approach offers a more dynamic and proactive IT service to the user and aligns with organisational goals.

7 FINANCIAL UPDATE

8 FY16 Full Results H H FY2016 Underlying Net Loss for the period $1,173,813 $455,904 $1,629,717 Less: One off non-cash expense for the reverse acquisition of Cirrus Networks Holdings $5,610,548 $5,610,548 Share based options expensed $67,569 $67,569 Redundancy Costs $122,714 $122,714 FX Impact ($1,357) $6,195 $4,838 Net Loss for the consolidated entity for the period $6,783,004 $652,382 $7,435,386 positive H2 ongoing focus Continued growth in revenue base Significant investments in growth and innovation (within the underlying result) establishment of the Managed Services Division incl the related cloud infrastructure expenses related to the due diligence and acquisition of L7 Solutions Pty Ltd costs associated with establishing the new Canberra location including the onboarding of local sales and account management professionals (5 FTE s)

9 Revenue Profile Infrastructure Services $,000 $9,000 $8,000 $7,000 $6,000 $5,000 $4,000 $3,000 $2,000 $1,000 Managed Services 0 FY15 FY16 FY17* FY15 FY16 FY17* FY15 FY16 FY17* FY15 FY16 FY17* Infrastructure Services 1,412 1,809 7,519 4,731 4,169 4,106 5,064 4,553 6,946 Managed Services ,412 1,886 8,079 4,731 4,406 4,106 5,603 4,553 7,508 Q1 Q2 Q3 Q4 * Unaudited FY17

10 Movement $ $6,000 $5,000 +4, $4,000 $3, $2,000 $1, $0 529 Beginning One-off Legacy Costs Adjusted Opening Capital Raising (Net) Asset Investment Operating FY16 Q1 FY16 Q1 Balance L7 Investment Operating FY16 Q2 FY16 Q2 Balance Operating FY16 Q3 FY16 Q3 Balance Operating FY16 Q4 FY16 Q4 Balance Operating FY17 Q1 FY17 Q1 Balance

11 STRATEGIC UPDATE

12 CEO Transition Approach Matthew Sullivan Step 1: Pre-Transitions Shadowing & Embedding Joint Stakeholder Meetings External Communication Plan Step 2: Transition Key Client Meetings Strategic Milestone Reviews Internal Communication Controls Step 3: Post Transition Frank Transition to Strategic Growth & Acquisition role. Final Handover Milestone Signed Off 6 months April 16 - Sep 16 3 months Oct 16 - Dec 16 3 months Jan 17 March 17

13 Advisory / Integration Enterprise integration projects delivered with key vendor partners, following defined project management methodology. Technical Capability Blue Chip Clients Project Excellence Managed End to end managed services resulting in annuity revenue proceeding large-scale integration projects Enterprise Cloud Infrastructure Service Excellence High Margin

14 STRATEGIC FOCUS Targeted geographical expansion Additional potential acquisition Growing Market share Continue annuity growth

15 Market Competitor Profile Company Company Code Code Activities Activities Market Cap Market Cap EV EV Empired Empired EPD EPD $38M $56M $5M $14M $33M $42M Bullet Proof Bullet Proof BPF BPF IT Services/Data Storage IT Services/Data Storage $65M $42M $5M $5M $60M $37M RXP Services RXP Services RXP RXP $83M $108M $12M $14M $61M $94M Data#3 Data#3 DTL DTL $167M $235M $20M $40M $147M $195M ASG Group ASG Group* ASZ ASZ $227M $324M $13M $27M $204M $297M Cirrus Networks Cirrus Networks CNW CNW $19M $19M $3M $4M $16M $15M *30 th September 2016 ASZ received a takeover offer of $349M from Nomura priced at $1.63

16 Disclaimer This Presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this Presentation is an overview and does not contain all information necessary for investment decisions. In making investment decisions in connection with any acquisition of securities, investors should rely on their own examination of the assets and consult their own legal, business and/or financial advisers. The information contained in this Presentation has been prepared in good faith by Cirrus Networks Limited, however no representation or warranty expressed or implied is made as to the accuracy, correctness, completeness or adequacy of any statements, estimates, opinions or other information contained in the Presentation. To the maximum extent permitted by law, Cirrus Networks Limited its Directors, officers, employees and agents disclaim liability for any loss or damage which may be suffered by any person through the use or reliance on anything contained in or omitted in this Presentation. Certain information in this Presentation refers to the intentions of Cirrus Networks Limited, but these are not intended to be forecasts, forward looking statements or statements about future matters for the purpose of the Corporations Act or any other applicable law. The occurrence of events in the future are subject to risks, uncertainties and other factors that may cause Cirrus Networks Limited s actual results, performance or achievements to differ from those referred to in this Presentation. Accordingly, Cirrus Networks Limited, its Directors, officers, employees and agents do not give any assurance or guarantee that the occurrence of the events referred to in the Presentation will actually occur as contemplated.