Wednesday 1st January 2020

Salmat completes sale of Marketing Solutions business

Salmat Limited (ASX:SLM) today​ announces that it has completed the sale of its Marketing Solutions business.

This transaction was originally announced to the market on 25th November 2019.

"We are very pleased to have successfully closed this sale," said Salmat CEO, Rebecca Lowde.

"Salmat is now focussed on completing the sale of the MicroSourcing business. The MicroSourcing sale is subject to conditions including approval at a shareholder meeting, which will be convened in February. Following the MicroSourcing sale, we will consider future options for the Company," she said.

-ENDS-

For further information, please contact:

Rebecca Lowde

Peter Mattick

Chief Executive Officer

Chairman

+612 9928 6500

+612 9928 6500

ABOUT SALMAT

Founded in 1979, Salmat evolved from a small letterbox distribution business to an ASX-listed company. We work with some of Australia's most recognised and trusted brands.

Salmat currently provides a wide range of back office solutions through our Philippines-based Managed Services business, MicroSourcing. Salmat announced the proposed sale of MicroSourcing on Monday 30 December 2019.

Salmat Limited​ ​​ABN 11 002 724 638

www.salmat.com.au

P ​1300 725 628

​A​Level 2 / 116 Miller Street North Sydney, NSW 2060 Australia

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Salmat Limited published this content on 02 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 January 2020 23:01:05 UTC