U.S. Restriction on Chess Depository Interests Removed

Fremont, California and Sydney, Australia; 9 October 2019 — Pivotal Systems Corporation (“Pivotal” or the “Company”) (ASX: PVS), a leading provider of innovative gas flow control (“GFC”) solutions to the semiconductor industry, today announces the ASX Settlement has removed the Foreign Ownership Restricted (FOR) United States (U.S.) person prohibited tag from the Company’s Chess Depository Interests (CDIs), effective from today.

The FOR U.S. designation on the Company’s CDIs was put in place at the time of the IPO, to comply with the exemption from registration contained in Regulation S of the U.S. Securities Act for offers which are made outside the U.S. for U.S. companies. This designation has effectively prevented any CDIs from being sold on ASX to U.S. persons, unless an exemption was available. The removal of the FOR U.S. restriction by the ASX Settlement means that U.S. entities may now acquire and trade the Company’s CDI’s on the ASX market, either as brokers or market-makers and U.S. individuals and corporations, including institutional investors, subject to applicable U.S. securities laws.

Mr. John Hoffman, Chairman and CEO of Pivotal said: “I am pleased the ASX Settlement has accepted Pivotal’s application to remove the FOR U.S. restriction, which now enables a broader range of investors who are interested in our business and based in the U.S. to acquire CDIs on ASX.”