ASX: ROC 5 April 2024

RocketBoots - Successful Completion of Placement & Proposed Share Purchase Plan (SPP)

RocketBoots Limited ('Company') (ASX:ROC) wishes to update the market in regards to several corporate actions outlined below:

Successful Completion of Capital Raise

The Company has received firm commitments to raise approximately $355,500 through a placement of approximately 3,555,000 new fully paid ordinary shares in the Company (New Shares) at an issue price of $0.10 per New Share to new and existing sophisticated international and domestic investors (Placement). This placement was arranged by the Company at the same price per share as the capital raise announced to ASX on 5 February 2024.

The New Shares issued under the Placement will utilise the Company's existing placement capacity pursuant to ASX Listing Rule 7.1 and will rank equally with all other fully paid ordinary shares currently on issue.

Proceeds raised under the Placement, together with funds raised under the Share Purchase Plan (see further details below), will be used to continue to fund the Company's working capital requirements and specifically for the operational costs of previously announced trials in the UK, USA, Australia and New Zealand. None of those trials have been lost to date. Specifically, 2 trial customers have confirmed positive return on investment results and 5 trial customers are in return on investment evaluation (the stage before decisions on longer term, larger scale rollouts are typically made).

Joel Rappolt, Chief Executive Officer, RocketBoots, commented:

"It's great to have multiple trials running internationally for the first time ever. Selling and delivering internationally has been a good test for the ROC team and we are happy that all the trials have been progressing well to date. We are working hard with customers to ensure trials demonstrate the full capabilities of ROC's software and that ROI is clear."

Announcement of Proposed Share Purchase Plan (SPP)

The Company also wishes to announce that it will shortly be conducting a Share Purchase Plan (SPP) to provide existing eligible shareholders (as defined in the Offer Booklet to be released in relation to the SPP) with a registered address in Australia or New Zealand as at the Record Date of 7.00pm (AEDT) on 4 April 2024 with an offer to subscribe for up to $30,000 worth of New Shares (subject to scale back at the Company's discretion).

This SPP supplements the recently completed Placement outlined above and will be offered at the same offer price of $0.10 per New Share and represents a 9.1% discount to the last traded price and a 9.1% discount to the 5-day volume weighted average price of RocketBoots ordinary shares traded on the ASX up to and including the last trading day prior to this announcement (being 4 April 2024).

RocketBoots is targeting to raise a maximum of up to $650,000 which together with funds raised under the Placement, will be used to continue to fund the Company's working capital requirements and specifically for the operational costs of previously announced trials in the UK, USA, Australia and New Zealand.

The SPP offer opens on Wednesday 10 April 2024 and is expected to close at 5.00pm (AEDT) on Wednesday 1 May 2024, with the Company reserving the right to withdraw, extend or close the offer early. To participate in the SPP, eligible existing shareholders may apply for New Shares (ranking equally with existing ordinary shares on issue), in a parcel of $2,500, $5,000, $10,000, $20,000 or a maximum of $30,000.

Participation in the SPP is optional. Further details in relation to the SPP will be set out in the SPP Offer Booklet (including the Terms and Conditions of the offer) which will be lodged with ASX and mailed (via post or electronic mail) to eligible shareholders on or around Wednesday 10 April 2024. The SPP Offer Booklet will contain further details on how to apply for New Shares under the offer. Shareholders are encouraged to read the SPP Offer Booklet and Terms and Conditions carefully and, if in any doubt about whether or not to accept the offer, to consult a professional advisor.

Shareholders who have any questions regarding the SPP should contact RocketBoots' SPP Information Line on +61 417 141 577 (within Australia or outside Australia) at any time from 8:30am to 5:30pm (Sydney time), Monday to Friday or email [email protected].

Below is a key timetable for the SPP which is indicative only and subject to change. The Company reserves the right, where reasonable, to alter the below dates at its discretion having regard to market conditions, the circumstances of the SPP and its business needs, subject to the ASX Listing Rules and applicable law. Material changes to the timetable will be disclosed on ASX as soon as practicable.

About RocketBoots

RocketBoots helps retail banks and retailers deliver the best possible customer service at the lowest cost using AI to fill critical data gaps from existing workforce, customer experience and loss prevention management systems. RocketBoots (www.rocketboots.com) portfolio of software:

• Retail banking branch & digital channel service optimisation
• Retail checkout service optimisation
• Stemming loss at self checkouts & counter checkouts

End of Announcement

Authorised for release by the Board of RocketBoots Limited.

For further information contact:

● Joel Rappolt (Chief Executive Officer): [email protected]

Keep up to date with RocketBoots news and announcements:

• LinkedIn: www.linkedin.com/company/rocketboots
• RocketBoots Investor Centre: www.rocketboots.com/investors