MADE BY: Peako Limited (ACN 131 843 868) of Level 1, 10 Yarra Street South Yarra Vic 3141 (Issuer)

PRODUCT: Unlisted options in connection with a non-renounceable entitlement issue under a prospectus dated 31 August 2023 (Options)

EFFECTIVE DATE: 31 August 2023

This target market determination (TMD) has been prepared by the Issuer in relation to an offer to issue the Options made by the Issuer under a prospectus dated 31 August 2023 (Prospectus). A copy of the Prospectus is available on the Issuer’s website,

This TMD sets out the class of consumers for which the Options would likely be consistent with their financial objectives, the distribution conditions and restrictions imposed on the distribution of the Options, as well as reporting requirements for distributors in accordance with the requirements of section 994B of the Corporations Act.

A copy of the Prospectus is available on the Issuer's website The offer will be made under, or accompanied by, a copy of the Prospectus. Any recipient of this TMD should carefully read and consider the Prospectus in full and consult their stockbroker, accountant, solicitor and/or other professional adviser if they have any questions regarding the contents of the Prospectus.

This TMD is not a disclosure document for the purposes of the Corporations Act and does not provide a full summary of the product features or terms of the Options. This TMD is not to be used except for the purpose of a regulated person complying with their obligations under Part 7.8A of the Corporations Act. To the extent permitted by law, no liability is accepted for any loss or damage as a result of any reliance on this information. There is no cooling off period in respect of the issue of the Options.

This TMD is not intended to provide you with financial advice or take into account your objectives, financial situations or needs. It is important for you to consider these matters and carefully read the Prospectus before you make an investment decision.

Unless otherwise defined in this TMD, capitalised terms have the meaning given to them in the Prospectus.