Cashrewards Takeover

Letter from the Independent Chairman

Dear Cashrewards Shareholders,

An entity managed by 1835i Group Pty Ltd, 1835i Ventures Trusco III Pty Ltd in its capacity as trustee to the 1835i Ventures Trust III (1835i or the Bidder), has made an off-market takeover offer for all Cashrewards shares that it does not already own at a price of $1.135 per Cashrewards share in cash (Offer). Click here for the Bidder’s Statement for more details.

The Target's Statement sets out the formal response of the Cashrewards Directors independent of the Bidder to the Offer, including the reasons why the Cashrewards Directors independent of the Bidder, after careful consideration, unanimously recommend that you ACCEPT the Offer in the absence of a Superior Proposal.

Next steps

I encourage you to read the Target’s Statement (including the Independent Expert’s Report) and the Bidder’s Statement carefully in full and, if required, seek independent advice if you are in any doubt as to how to respond to the Offer.

The Offer is scheduled to close at 7:00pm (AEST) on 20 December 2021, unless extended or withdrawn. To accept the Offer, simply follow the instructions outlined in the Bidder's Statement or the Acceptance Form and section 4.1(a) of the Target's Statement. No action is required if you decide not to accept the Offer.

Further information

If you have any questions about the information contained in the Target’s Statement, please call 1800 220 771 (for callers within Australia) or +61 1800 220 771 (for callers outside Australia) Monday to Friday between 8.30am and 5.30pm (AEST). Further information relation to the 1835i Offer can be obtained from the Investor Centre section of the 1835i website ( www.cashrewards.com.au ).

Yours sincerely


Brett Johnson
Independent Chairman