Quickflix : Voluntary Administrator Update

Letter.dotm

Australian Securities Exchange Level 40, Central Park

152-158 St Georges Terrace Perth WA 6000

6 May 2016

Dear Sir/Madam

Quickflix Limited (Administrators Appointed) ACN 102 459 352 ("the Company")

Deloitte Touche Tohmatsu ABN 74 490 121 060

Tower 2 Brookfield Place

123 St Georges Terrace Perth WA 6000

GPO Box A46

Perth WA 6837 Australia

Tel: [phone]

Fax: [phone]

www.deloitte.com.au

I wish to advise that the Company was placed into Administration on 26 April 2016, with Dermott McVeigh, Wayne Rushton and Morgan Kelly (First Administrators) of Ferrier Hodgson appointed as Voluntary Administrators. At the first meeting of creditors on 6 May 2016 held pursuant to Section 436A of the Corporations Act 2001 (Cth) ("the Act"), Richard John Hughes and I of Deloitte Touche Tohmatsu, replaced the First Administrators as Joint and Several Administrators pursuant to a resolution of creditors.

We are currently examining the Company's trading position with a view to assessing its future viability and whether a sale as a going concern or a recapitalisation can be achieved.

We will provide all relevant updates directly to the market as soon as possible and request that shareholders refrain from contacting our office at this time.

For all media enquiries, please contact Simon Rushton of Deloitte on [phone]. Yours sincerely

Jason Tracy

Joint and Several Administrator

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/au/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.

Liability limited by a scheme approved under Professional Standards Legislation. Member of Deloitte Touche Tohmatsu Limited