29th May 2025

Dear Investors,

Since founding the Company in 2014, our mission has remained consistent: to improve the delivery experience for customers. We achieve this through Zoom2u, our delivery marketplace, and Locate2u, our delivery optimisation SaaS platform.

To scale to the next level, we must strengthen our balance sheet. Today, we are taking a step in that direction through the raising of $1.45 million of new capital, with cash in excess of our working capital requirements intended to be held in Bitcoin. Our intention is to build a long-term strategic holding of Bitcoin, which we believe may support future acquisitions and growth initiatives as we expand globally.

This strategy reflects our commitment to aligning shareholder value creation with a disciplined, forward-looking capital allocation framework.

We also take this opportunity to welcome a number of new investors to the Company’s share register, including Rob Keldoulis, founder of Vivcourt, a market-leading proprietary trading firm.

I’m aware that some shareholders may not yet be familiar with Bitcoin or may be cautious about our Treasury Management Policy. I respect that perspective and encourage those investors to take the time to understand the asset class. Bitcoin is complex, and it requires thoughtful analysis.

We are committed to transparency, and we will update the market in accordance with our Treasury Management Policy and ASX disclosure obligations if and when a material Bitcoin acquisition is made.

You can also connect with the company via X (formerly Twitter) at Locate Technologies on Twitter

Thanks for your ongoing support.

Best regards,

Steve Orenstein