ASX Announcement

Thursday 11th April 2019

MyFiziq Signs Binding Term Sheet with

Evolt360 Technologies

Highlights

Strategic partnership signed with Evolt360 IOH Pty Ltd.

MyFiziq will be integrated into the Evolt platform, a device/machine-based intelligent body scanning technology, globally with its current partners in Fitness, Wellness, Gyms, Clinics and Work Places.

Evolt has over 500,000 active users paying $30-$50 per scan.

Evolt currently has over 500 active locations and thousands of users a month.

Evolt has new orders in excess of 4,000 units worldwide.

Evolt is an approved medical grade device.

MyFiziq Limited (ASX: MYQ) (MyFiziq) is pleased to announce the signing of a binding term sheet with Evolt360 IOH Pty Ltd (Evolt), which will see the MyFiziq platform integrated into the Evolt platform and consumer application (app).

Evolt is a device/machine-based intelligent body scanning technology purchased and supported by health, fitness, and wellness companies including but not limited to; Life Fitness Distributors, F45, Anytime Fitness, HCF, and KPMG, these companies and more are looking to provide greater insight into the health of their members and employees. The units cost between $12,000 - $20,000 and are positioned on site with trained staff to run the assessments for their members and employees. The scans performed by the technology cost the consumer between $30 - $50 per scan depending on the type of scan performed.

Current locations are processing between 150-1500 scans a month across the multiple verticals the scanning machines have been embedded. The MyFiziq technology is intended to extend the Evolt reach of the technology into the hands of the consumer at home. Once integrated, customers of Evolt will be able to download access to the MyFiziq technology, via the Evolt app, which is available on both the Apple App Store and Google Play.

Evolt and MyFiziq have agreed to integrate MyFiziq’s revolutionary body tracking application into the Evolt application. The companies have agreed a July 2019 launch with the integrated product, along with a comprehensive campaign targeting the current Evolt users. Evolt’s current 500,000 + active user base will be able to track changes in their body dimension more regularly, and in the privacy of their own home, by using the MyFiziq technology between on-site scans. In addition to the tracking capabilities, Evolt will be embedding its biometric data into the machine learning data with MyFiziq within the application.

Unit 5 | 71-73 | South Perth Esplanade | South Perth | 6151 | WA

Mail to | P.O. Box 190 | South Perth | WA | 6951

ABN 85 602 111 115 | MyFiziq.com

ASX Announcement

Thursday 11th April 2019

It is proposed that MyFiziq will be an integral part of Evolt’s offering and a key point of difference to other platforms allowing a direct to consumer advantage. Evolt is focused on partnering with companies, facilities and organizations, that are looking to grow their revenue stream via a true value add for their members and consumers.

Under the binding term sheet, Evolt will target its current 500,000 active users to achieve an initial 100,000 subscribers onto the joint offering in the first 12 months. MyFiziq will receive $2.99 per month per user based on a 12-month subscription. In the event this initial target is achieved, MyFiziq would see revenue of A$299,000 per month, or on an annualised basis A$3,588,000 million per annum.

The MyFiziq pricing model below forms part of the binding term sheet, and as previously outlined has been structured to create customer retention and low friction over a 12-month subscription.

This model is further explained below:

Vlado Bosanac, Chief Executive Officer of MyFiziq, said:

“The partnership with Evolt is going to be a very interesting and disruptive move on Evolt’s behalf. Most companies in the stand-alone scanning machine/device space see MyFiziq as a threat with our ability to deliver a similar and unique offering from a consumer’s mobile device. Evolt saw an opportunity to work with MyFiziq and extend both their ability to monetize but more importantly extend their monitoring capabilities into the home of its consumers. Evolt has medical device approval which will bring a great deal of interest to both companies as we co-promote this unique and comprehensive capability to multiple business verticals, both current and new. I am pleased with Evolt’s aggressive stand on accelerating the adoption of our product and a clear path to early revenue.”

Edward Zouroudis, Co-Founder and Chief Executive Officer of Evolt, said:

“We are very excited to be the first on site body scanning technology to partner with MyFiziq and bring the combined application to the market. When I first saw the technology in late 2018, I earmarked the MyFiziq technology to become a strategic partner as we acquired and grew our current offering within the hundreds of locations, we have actively using our technology. Many companies’ applications suggest they have the same capabilities as MyFiziq, yet when put to task, we haven't found anything with the mobility, ease, and functionality that the MyFiziq technology offers.

I am extremely confident this is the future of digital dimension, having the ability to place it in the palm of the consumers hand and is highly complementary to our offering and strategic direction. With a target of 100,000 active monthly users and the current order pipeline for our on site machines exceeding 4,000 units, I see no problem achieving the initial target in the timeframes agreed in the binding term sheet."

Unit 5 | 71-73 | South Perth Esplanade | South Perth | 6151 | WA

Mail to | P.O. Box 190 | South Perth | WA | 6951

ABN 85 602 111 115 | MyFiziq.com

ASX Announcement

Thursday 11th April 2019

About Evolt

Evolt is a technology driven health and wellness company that is powering connected and digital health. Evolt has developed an end-to-end solution that tracks detailed changes in the quality of activity, body composition and nutrition as well as sophisticated data analytics for an individual’s body composition changes.

Evolt is at the forefront of technology and use an evidence-based approach to its development and practical use. We have our own Research and Development Team consisting of highly qualified professionals in the field of exercise science, body composition and nutrition.

About MyFiziq

MyFiziq is an augmenter of current technologies, rather than a disruptor. We partner with highly scaled existing applications and provide our partners with a deeper insight into the data they currently retrieve from their users. When consumers want to track change as they step, ride, train, calorie count or simply buy clothing online, the end result is a drive toward understanding and tracking dimensional change. MyFiziq provides that missing link when users engage with other ecosystems.

MyFiziq is a revolutionary technology embedded in a partner’s application, that uses images from your smartphone to create a representation of you in the form of a 3D avatar with accurate circumference measurements.

Partners embed our SDKs (Software Development Kits) into their new or existing apps, and then customize the experience to satisfy their branding requirements.

MyFiziq leverages the power of Computer Vision, Machine Learning and patented algorithms, to process these images on secure, enterprise-level infrastructure, delivering an end-to-end experience that is unrivalled in the industry. Body measurements provide more useful information about shape changes than simply measuring weight. MyFiziq simplifies the collection of these measurements and removes the margin of human error present in traditional tape measure methods.

For more information please visit: www.myfiziq.com

Unit 5 | 71-73 | South Perth Esplanade | South Perth | 6151 | WA

Mail to | P.O. Box 190 | South Perth | WA | 6951

ABN 85 602 111 115 | MyFiziq.com