LANDMARK WHITE LIMITED(LMW)

name changed to Acumentis Group Limited

The suspension of trading in the securities of LandMark White Limited will be lifted immediately following the release by LMW of an announcement regarding the theft and disclosure of documents announced on 30 May 2019.

LMW completes $5.44m capital raising. The company is fully capitalised to execute the anticipated business optimisation strategy. LMW expects to be reinstated to the ASX on Monday 26th August 2019.

The LMW Entitlement Offer and Shortfall Offer to raise $5.44m has closed fully subscribed. LMW is now fully capitalised to execute the anticipated business optimisation strategy. LMW expects to be reinstated to the ASX on Monday 26th August 2019.

The supplementary prospectus has been despatched to eligible shareholderes. This should be read in conjunction with the 19 July 2019 prospectus.

The company issues a supplementary prospectus in relation to the entitlement offer.

The prospectus and personalised entitlement and acceptance forms have been despatched to eligible shareholders today.

The revised timetable for the entitlement offer and shortfall offer is as follows: Prospectus lodged with ASX and ASIC - Friday, 19 July 2019; Ex Date - Wednesday, 24 July 2019; Record Date for Entitlement Offer - Thursday, 25 July 2019; Despatch of Prospectus and Entitlement Offer opens - Friday, 26 July 2019; Close of Entitlement Offer - Friday, 16 August 2019; If applicable, LMW notifies ASX of under subscriptions - Wednesday, 21 August 2019; Issue of shares under the Entitlement Offer - Friday, 23 August 2019; Entitlement Offer settlement - Friday, 23 August 2019; Reinstatement of LMW's securities - Monday, 26 August 2019; Close of Shortfall Offer period (unless closed earlier) - Friday, 15 November 2019.

The company releases an Investor Presentation.

LandMark White Limited is conducting a 4 for every 5 shares held entitlement offer to eligible shareholders at an issue price of $0.08 per share to raise up to $5.45m. The offer is partially underwritten up to $3m, with any shortfall from the entitlements offer to be made available to eligible shareholders, sophisticated and professional investors via a shortfall offer at $0.08 per share. The offer price represents a 56% discount to LMW's last traded price of $0.18 and an 84% discount to the 52 week average of $0.48. LMW is well progressed with the roll-out of the optimisation strategy and has achieved a number of near-term strategic objectives which are set to deliver improved margins and a platform for future growth.

The company issues a prospectus for a partially and conditionally underwritten, pro-rata non-renounceable entitlement offer of 4 new shares for every 5 existing shares held in LandMark White at an issue price of $0.08 per new share and public offer of new shares constituting the shortfall of the entitlement offer. The entitlement offer closes at 5:00pm (Sydney time) on 16 August 2019 and the shortfall offer closes at 5:00pm (Sydney time) on 15 November 2019. Valid applications must be received by the relevant time.

The company lodges its Preliminary Final Report.

The securities of LandMark White Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LMW, pending the release of an announcement regarding the theft and disclosure of documents announced on 30 May 2019.

The securities of LandMark White Limited will be reinstated to Official Quotation as from the commencement of trading today, Tuesday, 7 May 2019 following lodgement of its Half Year Financial Report for the half year ended 31 December 2018 and an announcement regarding the financial impact of the data breach incident originally announced on 5 February 2019.

The company has rectified all issues related to the cyber security incident, and subsequently implemented a system with significantly enhanced digital security measures and is working towards achieving ISO27001 certification in the medium term. LMW has been reinstated as a panel valuer by three of the four major banks and expects to be reinstated by the final one soon. Additionally, many other lenders have also reinstated LMW as a panel valuer. LMW estimates that this has resulted in a loss of revenue of approximately $5-6 million, with approximately a further $1 million of revenue likely to be lost between now and the date of full reinstatement by the remaining financial institutions and restoration of more normal revenues. In order to enable LMW to rebuild its cash reserves, the Board of LMW do not expect to declare a dividend for FY2019. Provided that LMW is reinstated to all key former clients, the board of LMW anticipates that FY2020 will see a return to more normal levels of revenue and profit and will provide further guidance to the market following the close of FY2019. The securities of LMW are expected to be reinstated to official quotation as from the commencement of trading on Tuesday 7 May 2019.

The company lodges its Half Year Accounts.

The material terms of the acting CEO's contract of employment with LMW are as follows: fixe remuneration of $270,000 per anum; short-term incentive comprising discretionary, performance based, remuneration up to a maximum of $30,000 per annum. The acting CEO is not entitled to any long-term incentives or equity-based remuneration.

Following the reinstatement of Commonwealth Bank on 18 March 2019, LandMark White can now confirm Westpac has also reinstated effective 1 April 2019. LMW still requires reinstatement from a majority of our remaining banking clients before LMW can provide reasonable financial projections and hence request lifting of the ASX voluntary suspension. LMW would like to confirm to its shareholders that an advertisement in today's Australian Financial Review seeking Expressions of Interest for a "Property Services Business" does not relate to LMW.

The company provides an update on the cyber incident. The vulnerability that was exploited resulting in the unauthorised release of data has been closed. The great majority of affected individuals have been assessed as being at a very low risk of harm. Affected parties have been informed and provided appropriate support. LMW's systems and security procedures have been enhanced in line with best practice industry standards. The Commonwealth Bank of Australia has reinstated LMW onto its residential valuation panel and it is anticipated that other lenders will follow. The voluntary trading suspension will remain in place for a further two to four weeks.

The company is not in a position to lodge the Appendix 4D (Half Year Report) and its Half Year Report for the period ended 31 December 2018 as required under Listing Rule 4.2A. LMW's securities will continue to be suspended until such time that the impacts of the data security incident can be reliably assessed and the Appendix 4D and Half Year Accounts are lodged with the ASX.

The securities of LandMark White Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of LMW, pending the release of an announcement regarding the financial impact of the data breach incident originally announced on 5 February 2019.

listed entity carried for record purposes only