ASX Announcement Change of Auditor

Sydney, 4 July 2016: In accordance with Listing Rule 3.16.3, IOT Group Limited (ASX: IOT) announce, effective 30 June 2016, following the removal of Russell Bedford NSW, the appointment of A.D. Danielli Audit Pty Ltd as its auditors.

Contact

Ian Duffell - Executive Director of IOT Group Limited on 0488 024 000.

About Xstream (www.xstream.net)

Xstream has been a pioneer in OTT and TV Everywhere services since 1999. Drawing on their extensive experience, Xstream works with world-leading operators, broadcasters, media companies and content owners. Xstream deliver simpler, smarter Internet TV solutions characterized by superior flexibility, usability, scalability and cost-efficiency. Xstream's cloud-based OTT Platform, Xstream MediaMaker™ simplifies the complexity of Internet TV offering industry leading flexibility, seamless integration and limitless scalability enabling customers to deliver premium content to any connected device anywhere, across any network.

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About OTT Premium

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About IOT Group Limited

www.theiotgroup.com

(Internet of Things)

IOT Group has tapped into global niche markets by adapting and enhancing existing trend products and making them more affordable and useful to consumers. The IOT Group is designing and developing a range of smart wearables, a range of flying selfie drones, augmented reality, virtual reality, home automation products and much more; as we look to create a complete IoT ecosystem over the next 24 months.

Utilising industry specific innovation and our own technology, we've created the first facial recognition flying selfie device operated through smartphones and vision control systems, called ROAM-e. With unique follow me truly functionality, a flight time of up to 20 minutes and the capacity to charge in just two hours! You will always capture perfectly uninterrupted panoramic shots with ROAM-e's 360 degree 1080p HD camera. And you will never miss a moment with ROAM-e's live streaming capabilities, so the action is always in real time whenever, where ever. ROAM-e is your personal companion who will always be within 5m of you, so you never have to worry about invading anyone's personal space. Built with the world's first dual-axis collapsible

blades means that ROAM-e's light, compact and easy to carry and ready for any occasion but most importantly not weigh you down. Selfies have reached new heights!

Outdoor Konnect (OK) is focussed on designing and developing a range of affordable innovative wearable devices, accessories and outdoor products combining the latest technology with unique features. Our devices include a variety of smart watches with some already available through retailers and from our website.

Company Information

IOT Group Limited (ABN 66 140 475 921)

Level 14, 39 Martin Place

SYDNEY NSW 2000

Email:[email protected]

Scott Brown Non-Executive Chairman Ian Duffell Executive Director Simon Kantor Executive Director

Ron Hollands Company Secretary