Wellfully Commences Trading on Frankfurt Stock Exchange

23 January 2023 – Wellfully Limited (ASX: WFL) (Wellfully, or the Company), the world’s first fully-integrated science-based wellness company, is pleased to announce it has commenced trading on the Frankfurt Stock Exchange under the ticker [FSE:L6Y].

The dual listing in Frankfurt:

- Supports Wellfully’s strategy of broadening its investor base,

- Facilitates access for retail investors from European markets and supports trading liquidity,

- Enhances ability to engage with large and sophisticated investors in Europe,

- Promotes the company’s corporate profile in Europe, one of Wellfully’s key markets within the company’s total addressable market of USD 600 B1.

The Australian Securities Exchange (ASX) will continue to be Wellfully’s primary exchange.

Wellfully has appointed Frankfurt-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations and corporate advisor in Europe. DGWA will assist Wellfully to engage with retail, institutional and large private investors in Germany and the European region.

Paul Peros, the Chairman and CEO of WELLFULLY said: “With Wellfully’s increasingly international footprint, especially in Europe, the dual listing in Frankfurt, one of the largest and most important stock exchanges in the world, is vital in aligning interests and activities.”

DGWA’s CEO, Stefan Müller said: ”We are excited to be partnering with Wellfully in Europe. The Company is at a pivotal stage with both its Swiss operations base, as well as direct-to-consumer channels in the region. The dual listing in Frankfurt supports Wellfully’s strategy of broadening its overseas investor base to engage with European investors and stakeholders.”

This release has been issued with the authorisation of the Board.

1Global Personal Care Market, Research & Markets, June 2021 (https://www.researchandmarkets.com/reports/5338124/global-beauty-and-personal-care-market-by), Beauty Devices Market, Prescient & Strategic Intelligence, December 2022 (https://www.psmarketresearch.com/market-analysis/beauty-devices-market) Pain Patch Market Research Report, Market Research Future, January 2023 (https://www.marketresearchfuture.com/reports/pain-patch-market-8569) , Topical Drug Delivery Market 2028, The Brainy Insights Report, October 2021 (https://www.globenewswire.com/en/news-release/2022/04/07/2418780/0/en/Topical-Drug-Delivery-Market-to-Surpass-US-158-76-Billion-by-2028-Increasing-Healthcare-Spending-on-Dermatology-to-Propel-Growth-says-The-Brainy-Insights.html)

ABOUT WELLFULLY

Wellfully is an Australian fully-integrated, science-based wellness company, focused on the development and commercialization of transdermal drug delivery and product performance enhancement technologies. In addition to its portfolio of proprietary technologies counting 17 international patents in enhanced drug delivery, the Company is also active in the beauty and health markets with its own products and brands, RÉDUIT and SWISSWELL.

For more information:

Madeline Howson

[email protected]

www.wellfully.net

[email protected]

Directors

Mr Paul Peros

Mr Jeffrey Edwards

Mr Andy Wortlock

CEO

Mr Paul Peros

Company Secretary