Market Overview

EagleView® Sets New Standard for Aerial Image Capture with Acquisition of Spookfish

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Leading provider of aerial imagery and data analytics commits to next
generation aerial image capture technology, advancing industry standards
for both image resolution and capture efficiency.

Eagle View Technologies, Inc. ("EagleView®"), the leading provider of
aerial imagery and data analytics, is proud to announce its intention to
acquire Spookfish Limited (ASX:SFI) ("Spookfish"), an Australian listed
public company focused on the development and commercialization of
premium next generation geospatial imagery products and services, under
an all-cash offer of AUD $0.08 per Spookfish share.

With this acquisition, EagleView simultaneously secures advanced
Spookfish aerial camera technology for mass adoption in North America
and establishes a presence in the Australian market. This acquisition
follows an initial investment in Spookfish by EagleView in May 2016, and
more than two years of joint development work to optimize Spookfish
image capture technology.

Spookfish aerial cameras allow EagleView to capture at much higher
resolution, defined by GSD (Ground Sample Distance), and establish a new
standard in aerial image resolution for each of its markets. Higher
resolution capture provides customers with very sharp images containing
significantly more detail. This in turn allows them to interpret
property features, conditions or changes with more accuracy and
confidence.

"We are excited to welcome Spookfish technology, solutions and personnel
to the EagleView portfolio," said EagleView CEO Rishi Daga. "After two
years of rigorously developing and testing aerial cameras with our
partners at Spookfish, we have unequivocally determined that this is the
best capture solution for the next decade. With this technology we will
reset the bar for aerial image quality and be able to enter new markets
that require higher image resolution than is available today."

This acquisition yields another significant benefit to EagleView. As the
leading provider of aerial imagery and property reports, in addition to
its recent launch in the United Kingdom and its position in North
America, EagleView will now have an operating presence in Australia.
Spookfish captured its first commercial survey of Perth in early 2017
and has been capturing and publishing imagery around Australia since.

Spookfish CEO Jason Waller said, "This represents an auspicious
milestone for both companies. Spookfish has been working closely with
EagleView to develop and deliver our technology since 2016. With our
capture program in Australia ramping up and sales traction growing, this
has the ability to accelerate that growth through leveraging EagleView's
extensive product suite and experience."

The acquisition gives EagleView the opportunity to enter new markets and
increase value in existing market segments with higher resolution
imagery that feeds more image detail to machine learning processes. The
application of image processing algorithms on higher resolution imagery
yields better insights to insurance underwriters, tax assessors, city
planners and others who need accurate information about property
condition or change.

EagleView looks forward to closing this transaction and fully
integrating Spookfish technology into its image capture operations, as
well as welcoming the Spookfish team to EagleView.

The acquisition will be effected via a scheme of arrangement between
Spookfish and eligible Spookfish shareholders under the Australian
Corporations Act. Whilst the acquisition is subject to customary
shareholder and regulatory approvals and other customary conditions,
EagleView expects the transaction to be completed in the fourth quarter
of calendar 2018.

King & Wood Mallesons and Kirkland & Ellis LLP represented EagleView, a
portfolio company of Vista Equity Partners in connection with its
intention to acquire Spookfish.

About EagleView

EagleView is the leading provider of high-resolution aerial imagery,
property data analytics and structural measurements for government
agencies, insurance carriers, roofing contractors and energy utilities.
Using patented image capture techniques, 3D aerial measurement software
and machine learning processes, EagleView helps customers answer
questions related to millions of properties throughout the world. With a
sixty-petabyte library of oblique and orthogonal Pictometry® aerial
imagery dating back to 2001 and the capacity to process tens of
thousands of roof measurement reports per day, EagleView enables
organizations to reduce field visits and adopt faster, safer and more
cost-effective workflows. For more information, contact (866) 659-8439
or visit www.eagleview.com.

About Spookfish

Spookfish Limited (ASX: SFI) is an Australian listed public company
focused on the development and commercialisation of premium next
generation geospatial imagery products and services. By starting from a
clean sheet and challenging what was thought impossible, Spookfish's
revolutionary technology enables rapid imaging of vast areas in high
resolution from a multitude of angles at a fraction of the cost of
contemporary systems. Spookfish aims to use these capabilities to make
it easy for organisations of all sizes to gain access to premium imagery
content and pervasive 3D models allowing concise, accurate and cost
effective decision-making.

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