N1 Holdings group of businesses provide strategic advice on businesses, corporations, project developers and property investors seeking new equity capital/debt, refinancing or refinancing existing debt. We assist companies and individuals through the complex processes of Australian major banks, private funds, and offshore debt capital providers. With the growth in alternative lending, N1 overseas strategic alliances are perfectly placed to advise businesses through this changing lending environment and debt market.

1. OneLend
PROPOSAL V2020.05

2. OneLend Key Features
Summary
Short term All loans are made short term, on average 6 months, making us very agile
and adaptive to changing market conditions.
Low LVR All loans are property backed with business owner personal guarantee.
Policy is maximum 70% LVR with a current average of 57%.
SME market We cater for the largest employer of Australia.
Security type We only lend against as if value of established residential and commercial
properties. We don’t look at Gross realisation value (except construction
loans).
Diversified portfolio Typical loans range from $500k to $5m per security.
Strong credit experience team We specialise in lending, all deals go through a 4 persons credit team, and
management is overseen by a board of directors.
Strong asset and liability position
borrowers
Priority is given to investment properties and we don’t usually lend against
owner occupy properties.
Compliant and transparency We are a public company with audited financials and compliant business
processes. We are also Australian Credit Licence and Australian Financial
Services Licence holder. The licences are regulated by ASIC.
Strong branding and reputation N1H as the investment manager is a public company.

3. WHO is N1 Holdings Ltd (ASX:N1H)
N1H is an ASX-listed integrated financial and property services
firm that offers a “one-stop-shop” solution to businesses and
individuals. One of its fully owned subsidiary - N1 Loans is
consistently ranked as Top 25 Brokerage in year 2016, 2017 and
2019 as well as Top 10 Commercial Writer industry-wide in the
last number of years. N1 has settled over $2.3bil loans since
inception in 2011, and currently managing lending capital of
$26m via One Lending Fund and balance sheet capital.
N1 Holdings group of businesses provide strategic advice on
businesses, corporations, project developers and property
investors seeking new equity capital/debt, refinancing or
refinancing existing debt. We assist companies and individuals
through the complex processes of Australian major banks,
private funds, and offshore debt capital providers.
With the growth in alternative lending, N1 overseas strategic
alliances are perfectly placed to advise businesses through this
changing lending environment and debt market.
For more information, please visit our website
www.n1holdings.com.au

4. Market Opportunities (Australia only)
2.3m 20b
Australia has approx. 2.3
million SMEs.
The potential market
opportunity of SME lending
is about $20 billion.
Top 3 Reasons for SMEs seeking finance
1 in 5
Small business owners
need cash flow finance
at least once a year
As a result of:
• changes to bank capital requirements;
• return on equity considerations; and
• recommendations from the Carnell
inquiry regarding loan terms and
conditions,
the major banks and other traditional lenders
have been retreating from the SME lending
space, particularly in respect of loans of $5m
or less and less funders are doing up to $50m
deal.

5. WHAT is N1H Unique Strength
N1H’s (investment manager) multiple business lines
with over 2,000 client data base provide a robust
cross-referral origination network.
N1H has established a vast network of brokers and
SME clients which needs in the non-coded lending
space
N1H’s internal credit risk team has significant credit
experience with over $2.2b settlement in both
residential and commercial loans since inception.
N1H owns strong deal flows which is a
major consideration in lending sector,
allowing investment manager to pick and
choose quality deals, balancing risk return
ratio, with considerations given to Leverage
ratio, security location, borrower financial
position, funding purpose and exit strategy.
N1H possesses efficient infrastructure for direct
and rapid capital deployment, uniquely positioned as
a direct lender in the market that access to large pool
of quality borrowers with the ability to deploy capital
up to $200m under current operational capacity.
N1 Loans holds an Australian Credit Licence #473016,
N1 Asset Management holds an Australian Financial
Services License #477879.

6. WHO are the competitorsPrivateLenders
•Mainly focused on
constructions
•High cost of fund
•Highly segmented
market
•Distribution
channel constraint
Banks
•Long loan term lock
in period > 3 yrs
•Restrictive credit
policy
•Long lead time to
settlement
•Larger size loans
over $5m
Fintechlenders
•Restrictive pricing
•Maximum loan
size constraint at
$250k
•Unsecured in
nature
•High level of
administrative
work

7. An indication of strong
portfolio and ample buffer
of equity.
CURRENT SECURITY VALUE
69.29 mil
We kept our loan size at a
relatively conservative
range
$ 661,827
AVERAGE LOAN SIZE
Majority of our loan terms
are between 3 - 6 months
AVERAGE LOAN TERM
178 days
LVR 57.12 %
Risk is kept as low as possible
via low leverage ratio, subject
to security type
AVERAGE LOAN TO VALUE RATIO
1
Unaudited data as at 15/05/2020
Current Commercial Lending Performance

8. 2
Most mortgaged properties
are SYDNEY or NSW-based
consisting of various type of
properties.
73.77%
NEW SOUTH WALES
We are very selective in
taking QLD properties as
security.
9.84%
QUEENSLAND
At this stage the markets in
NSW, VIC and QLD are
sufficiently large to cater for
our lending capacity.
0.0%
OTHER STATES
Although not as high as
NSW, it is still a significant
jurisdiction with limited
marketing and by word of
mouth solely.
16.39%
VICTORIA
1
7
Security Allocation by States
NSW 73.77%
VIC 16.39%
QLD 9.84%
Unaudited data as at 15/05/2020

9. Borrowing purpose: Business expansion
Borrowing amount: AUD 750,000
Type of colleterial: Residential investment property
Location: Chandler, QLD
Third-party valuation: AUD 3,597,000
Loan to Value Ratio (LVR): 21%
100% personal guarantee from the company directors
Loan Status: Closed
Total loan term: 92 days
Valuation Report Title SearchLoan Offer
Sample Case I

10. Borrowing purpose: Business cashflow
Borrowing amount: AUD 1,800,000
Type of colleterial: Commercial property
Location: Parramatta, NSW
Third-party valuation: AUD 66,000,000
Loan to Value Ratio (LVR): 29%
100% personal guarantee from the company
directors
Loan Status: Closed
Total loan term: 92 days
Valuation Report Title SearchLoan Offer
9
Sample Case II

11. N1 is involved in the commercial credit market
(business and commercial property lending) via
two forms of activities: lending and broking.
Total Commercial loans N1 settled in 2019 is
$67m
Lost opportunities in 2019 is
$122m
Lost opportunities in Jan to Apr 2020 is
$163m

12. Professional Partners
Licence Regulator
Fund Legal Firm
Bank N1H Auditor
One Lending Fund 3rd party valuer One Lending Fund Auditor

13. Paul Jensen
Non-Executive Director
Mr Jensen is an experienced
Director with over 30 years
of commercial, corporate,
governance and finance
experience. Paul worked for
the Lloyds Bank Group in
New Zealand, Australia and
the United Kingdom prior to
holding several senior
executive roles in the funds
management sector.
N1 Holdings Limited Board
Ren Hor Wong
Executive Chairman and CEO
Mr Wong is the founder,
Executive Chairman and Chief
Executive Officer for N1 Loans
Pty Ltd. Mr Wong has been
responsible for developing N1’s
business strategy and expanding
the business into Asia Pacific.
Jia Penny He
Executive Director & CFO,
AFSL Responsible Manager
Ms He is a Certified Practising
Accountant with over 15 years
combined industry experience
in accounting, finance and
mortgage broking. Ms He is the
Responsible Manager of N1's
Australian Financial Services
Licence.
David Holmes
Non-Executive Director
Mr Homes has over 30 years’
experience in the financial
services industry having held
senior roles in the UK and
Australia. He was one of the
founding Executives at Pepper
Money and served as COO and
Global Head of Credit with
responsibility for the
establishment and maintenance
of credit polices throughout
Australia, Ireland and South
Korea.
Anand Sundaraj
Company Secretary
Mr Sundaraj is a principal of
Sundaraj & Co, a corporate
law firm based in Sydney. Mr
Sundaraj has worked at
international law firms
Herbert Smith Freehills, King
& Wood Mallesons and Allen
& Overy, as well as for global
investment bank Credit Suisse.

14. N1 Asset Management Key Staff
Rob McWilliam
AFSL Compliance Manager
Mr McWilliam is a specialist
compliance consultant over 25
years experiences on advising
boutique funds management
groups and sitting as an
external compliance
committee member for
responsible entities.
Llewellyn Jenkins
AFSL Responsible Manager
Mr Jenkins is an experienced
fund and corporate
professional with over 16
years experience. He has
developed and managed
financial products in global
financial jurisdictions across
public and private as well as
debt and equity markets.
Sarah Li
Commercial Loan Credit
Ms Li has over 6 years’
experience in financial
services, gained in a diverse
range of expertise in
residential mortgage lending
and commercial lending area,
backed by a strong knowledge
in risk management. Prior to
N1, Ms Li worked for CBA.
Mick Ye
Commercial Loan Credit
Mr Ye is an experienced
commercial lending manager
with 12 years’ experience in
financial services, risk
management, project finance
and assessment as well as
commercial banking. This
includes 8 years’ service in
ANZ Bank and 4 years in other
financial services companies.
Briney He
Investment Manager
Briney He developed her
career in N1 since 2013. Briney
is responsible for analysing
investment portfolios and
producing performance
reporting as well as
investment operations and
compliance support. Briney
holds bachelor’s degree of
Mathematics at King’s College
London and master’s degree
in computational Statistics and
Machine Learning focusing on
risk management at University
College London. Briney also
holds a second master’s
degree in Financial Economics.

15. Global Offices
China Shanghai
26F，Hongkong New World
Building300 Middle Huaihai Road，
Huang Pu district
Shanghai, PRC200020
T:+86 1360 3652 2780
Malaysia Kuala Lumpur
Suite 8.53, 8th Floor,
Menara IGB,Mid Valley
City Lingkaran Syed Putra,
59200 Kuala Lumpur
T:+60 3 22024000
M: +60 172091253
Singapore
#44-01A
One RafflesPlace
Singapore
048616
Chatswood Branch
Shop 63, Platform Level
Chatswood Interchange NSW
Australia 2067
T:02 8287 4828
Sydney Headquarter
Suite 502, Level 5, 77 KingStreet
Sydney, NSW
Australia 2000
T:+61 2 9262 6262
China Hangzhou
Yuhuang Shannan Fund Town
Suite 209, 21 Bai Yun Road,
Shangcheng District
Hangzhou, PRC310002

16. Disclaimer
This presentation has been prepared by N1 Holdings Limited ACN 609 268 279 (N1H). Each recipient of this presentation is deemed to have agreed to accept the
qualifications, limitations and disclaimers set out below.
None of N1H and/or its related bodies corporate (as that term is defined in the Corporations Act 2001 (Cth)) and the officers, directors, employees, advisers and agents
of those entities (Beneficiaries) make any representation or warranty, express or implied, as to the accuracy, reliability or completeness of the information contained in
this presentation, including any forecast or prospective information.
This presentation may contain certain “forward-looking statements”. Forward-looking statements can generally be identified by the use of forward-looking words such
as, “expect”, “should”, “could”, “may”, “predict”, “plan”, “will”, “believe”, “forecast”, “estimate”, “target” and other similar expressions. Indications of, and guidance on,
future earnings and financial position and performance are also forward-looking statements. The forward-looking statements included in this presentation involve
subjective judgement and analysis and are subject to significant uncertainties, risks and contingencies, many of which are outside the control of, and are unknown to,
the Beneficiaries. Actual future events may vary materially from the forward-looking statements and the assumptions on which those statements are based. Given
these uncertainties, you are cautioned to not place undue reliance on such forward-looking statements.
N1H disclaims any intent or obligation to publicly update any forward-looking statements, whether as a result of new information, future events or results or otherwise.
Nothing in this presentation is or is to be taken to be an offer to provide funding to N1H or OneLend . This presentation is a general overview only and does not purport
to contain all the information that may be required to evaluate an investment or loan in N1H or OneLend. The information in this presentation does not amount to an
express or implied recommendation with respect to any investment or loan in N1H or OneLend nor does it constitute financial product advice (nor tax, accounting or
legal advice). The recipient, potential investors and their advisers, should:
conduct their own independent review, investigations and analysis of N1H and OneLend and of the information contained or referred to in this presentation; and/or
Seek professional advice as to whether an investment in N1H or OneLend is appropriate for them, having regard to their personal objectives, risk profile, financial
situation and needs.
To the maximum extent permitted by law, N1H and its Beneficiaries do not accept any responsibility or liability including, without limitation, any liability arising from
fault or negligence on the part of any person, for any loss arising from the use of the presentation or its contents or otherwise arising in connection with it.
By receiving this information, you specifically acknowledge and agree that some of the information contained herein has been provided to the Beneficiaries by third
parties and that the Beneficiaries accept no responsibility for any inaccuracy, misstatement, misrepresentation or omission, in relation to that information.
This document may not be transmitted, copied or distributed, directly or indirectly in the United States or to any U.S. person (as that term is defined in Regulation S
under the U.S. Securities Act of 1933, as amended) including any U.S. resident, any partnership or corporation or other entity organised or incorporated under the laws
of the U.S. or any state thereof, any trust of which the trustee is a U.S. person or any agency or branch of a foreign entity located in or resident of the United States.
The recipient agrees to be bound by these terms.

17. THANK YOU
For more information on OneLend please contact
Ren Hor Wong CEO
Suite 502, 77 King Street, Sydney NSW 2000 Australia
+61 02 92626262
renwong@n1holdings.com.au