Page 1

DUG Technology Ltd Appendix 4D Under ASX Listing Rule 4.2A Reporting Period Current period : 31 December 2020 Previous corresponding period : 31 December 2019 Results for Announcement to the Market 31 Dec 2020 31 Dec 2019 Change Up / ( Down ) US $ ' m US $ ' m US $ ' m % Revenue from ordinary activities 24.2 26.8 ( 2.6 ) ( 9.9 % ) Loss after tax ( excluding " one - off " finance ( 0.9 ) ( 2.3 ) 1.4 59.0 % expense , non - recurring and listed company costs¹ ) Loss after tax ( including " one - off " finance ( 4.4 ) ( 2.5 ) ( 1.9 ) ( 76.7 % ) expense , non - recurring and listed company costs ¹ ) Loss after tax attributable to members ( including " one - off " finance expense , non - recurring and ( 4.6 ) ( 2.6 ) ( 2.0 ) ( 79.9 % ) listed company costs¹ ) EBITDA 2.5 5.1 ( 2.6 ) ( 51.7 % ) Underlying EBITDA² 4.2 5.1 ( 0.9 ) ( 18.3 % ) 1 One - off finance expense of US $ 1.8m relating to transaction fees , interest and fair valuation of the convertible note instrument and IPO related costs . Non - recurring and listed company costs of US $ 1.7m include redundancy payments for c . 10 % of the workforce mainly in the Services division , bad debt write - off and additional listed company costs which were not a component of the prior period comparative . 2 Underlying EBITDA is EBITDA excluding non - recurring costs and listed company costs of US $ 1.7m . Report This report is based on the consolidated financial statements for the half - year ended 31 December 2020 which have been reviewed by Moore Australia Audit ( WA ) . Dividends and Dividend Reinvestment Plans No dividend has been proposed or declared in respect of half - year ended 31 December 2020 and 31 December 2019 and there were no dividend reinvestment plans in operation during the current period and the previous period . Control Gained / Lost over Entities having Material Effect No control over any material entities was gained or lost during the half - year ended 31 December 2020 . Details of Associates and Joint Venture Entities DUG Technology Ltd has a 49 % interest in Rouge Rock Pty Ltd. In the half - year ended 31 December 2020 DUG invoiced Rouge Rock US $ 1.3m for seismic data processing work performed ( half - year ended 31 December 2019 : Nil ) . Net Tangible Assets per Share Net tangible assets per share Other 31 Dec 2020 US $ 31 Dec 2019 US $ 0.33 0.15 Additional information supporting the Appendix 4D disclosure requirements and a comparison of performance against the half - year ended 30 June 2020 , can be found in the Directors ' Report and the consolidated financial statements for the half - year ended 31 December 2020 .