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For personal use only COSOL ASX ANNOUNCEMENT COSOL completes acquisition of Clarita Solutions • • COSOL completes acquisition of Clarita Solutions Pty Ltd , an IT and Enterprise Asset Management ( EAM ) services business based in Brisbane , Australia which specialises in the implementation , management and business exploitation of IBM's Maximo EAM platform The acquisition is accretive to earnings and will contribute positively to COSOL's FY22 result The acquisition is strategic and aligns with COSOL's stated growth strategy to enhance its solution portfolio with capabilities in world leading digital solutions , and companies with digital proprietary IP Brisbane , 22 November 2021 - COSOL Limited ( COSOL , ASX : COS ) ( " COSOL ” ) is pleased to announce that it has completed the acquisition of Clarita Solutions Pty Ltd ( " Clarita " ) , a dynamic , digital solutions company with specialist skills in IBM's Maximo ( a leader in the Gartner Magic Quadrant for EAM software platforms ) committed to transforming Enterprise Asset Management ( EAM ) operations . The consideration for the acquisition comprises upfront consideration of $ 7 million in cash and 7,951,123 fully paid ordinary shares , with up to a further $ 3.75 million payable in cash and COSOL shares by way of earn - out consideration based on Clarita's audited EBIT for FY22 and FY23 . Please refer to COSOL's ASX announcement dated 8 November 2021 for further information regarding the terms of the acquisition . For more information , please contact : Mr Ben Buckley T +61 409 405 550 E ben.buckley@cosol.global This announcement was authorised for release by the Board of COSOL Limited . About COSOL COSOL Limited is a global provider of proprietary digital solutions to asset intensive industries . We drive quantifiable business improvements through the enhanced use of data and data analytics . Our specialists have a valuable combination of industry experience and technology systems expertise to solve the most complex issues efficiently and pragmatically for our clients . COSOL Limited ABN 66 635 371 363 | Level 3 , 201 Leichhardt Street , Spring Hill QLD 4000 | T +61 7 3129 3341 E info@cosol.com.au W cosol.com.au | www.cosol.global | ASX Code : COS Page 112