Covata Limited Begins Trading on ASX

Covata, Leading Global Security Software Solution, Shows Strong Support by Institutional Investors

Covata Limited (Company) began trading today on the Australian Securities Exchange (ASX) under the ticker symbol CVT.

The Company’s listing follows strong support from new institutional and high net worth investors and existing major shareholders under the Equity Offer to raise the maximum subscription amount of A$15 million, for a total of A$74 million market cap, at an offer price per share of A$0.20.

“We are delighted to list on the ASX, and particularly pleased with the strong level of investor interest that resulted in the equity offering being oversubscribed,” said Trent Telford, CEO and Founder of Covata. “With our unique, patented security solution, we have the opportunity to modernize the way large enterprises secure their most important assets – their data – from hackers and intruders looking to benefit from stolen information.

With the listing and a greater market profile and enhanced market credibility, Covata is well positioned to continue its commercialisation strategy that will drive the global growth of the Covata Platform,” added Telford.

Covata is headquartered in Sydney, Australia and Reston, Virginia just outside of Washington D.C. The Company also recently opened its London office to support growing sales opportunities in Europe.

About Covata

Covata enables true ownership and control over your data in the cloud and over mobile services. Delivering data-centric security solutions without comprising simple usability; providing true end-to-end security. Your data is always protected wherever it may travel – inside your network, beyond the domain, to mobile devices and to the cloud – with granular access controls that extend to external ad hoc users, view only restrictions, real time revocation and complete visibility and audibility.

Own Your Data, control your data and choose where it is stored – with complete assurance that it is protected and secure. For further information please visit covata.com.

Media:CovataNikki Parker, [phone] [e-mail] Relations:Market EyeRonn Bechler, [phone] [e-mail]