Investor Presentaiton

Growth Australia ■ ◉ ◉ - Australia is a mature market with low growth Acquisition targets - 2nd tier IP firms (3-5% market share) Cost synergy - combining back office services ■ Revenue synergy - redirecting Asian referral work to S&F Asia ◉ IPH target - to increase market share from 11% to +20% ■ First mover advantage 7 IPH LIMITED

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