IMPORTANT: You must read the following before continuing

This investor presentation (“Presentation”) has been prepared by ClearDrum Pty Ltd (ACN 658 473 557) (“ClearDrum” or “the Company”). The information contained in this presentation or subsequently provided to any recipient of this presentation whether orally or in writing by or on behalf of ClearDrum or its respective employees, agents or consultants (Information) is provided to the recipients on the terms and conditions set out in this notice. The purpose of this presentationis to provide recipients with general information relating to ClearDrums, the industry within which ClearDrum operates and a potential placement of new ClearDrum ordinary shares to certain professional and sophisticated investors “Placement”.

Summary information

By reviewing or retaining these materials, or attending or participating in this Presentation, you acknowledge and represent that you have read, understood and accepted the terms of this “Disclaimer”. This Presentation contains summary information about ClearDrums, and its activities current only at the date of this Presentation. This Presentation is for information purposes only. The information in the Presentation is of a general nature only and does not purport to be complete. Certain information in this Presentation has been sourced from external organisations. While steps have been taken to review that information, no representation or warranty, expressed or implied, is made as to its fairness, correctness, completeness or accuracy. Certain information in this Presentation has been obtained from research, surveys or studies conducted by third parties, including industry or general publications. Neither ClearDrum nor its representatives have independently verified any such information sourced from third parties or industry or general publications.

Forward Looking Statements

This Presentation may contain forward looking statements which are identified by words such as “believes”, “considers”, “could”, “estimates”, “expects”, “intends”, “may”, and other similar words that involve risks and uncertainties. Certain statements, beliefs and opinions contained in this Presentation, particularly those regarding the possible or assumed future financial or other performance of ClearDrums’ industry growth or other trend projections are or may be forward-looking statements. Any forward-looking statements are subject to various known and unknown risk factors that could cause ClearDrum actual results and circumstances to differ materially from the results and circumstances expressed or anticipated in these statements. Such statements are not a guarantee of future performance and involve known and unknown risks, uncertainties, assumptions and other important factors, many of which are beyond the control of ClearDrum or its Directors and Management. No assurance is given that the results, performance or achievements expressed or implied by the forward-looking statements contained in this Presentation will actually occur and investors are cautioned not to place undue reliance on these forward-looking statements. ClearDrum will not necessarily update or revise forward-looking statements, or publish prospective financial information in the future, regardless of whether new information, future events or any other factors affect the information contained in this Presentation, except where required by law. This Presentation, including the industry overview, uses market data, industry forecasts and projections. Mirror has obtained significant portions of this information from market research and commentary prepared by third parties. There is no assurance that any of the forecasts or forward-looking information contained in the reports, surveys and research of such third parties that are referred to in this Presentation will be achieved. ClearDrum has not independently verified this information. Estimates involve risks and uncertainties and are subject to change based on various factors outside of ClearDrum control.

Past performance

Past performance information, including financial results and business performance metrics of ClearDrum given in this Presentation is given for illustrative purposes only and should not be relied upon as (and is not) an indication of ClearDrum (or anyone else’s) views on ClearDrums future financial performance or condition. Past performance of ClearDrums cannot be relied upon as an indicator of (and provides no guidance as to) the future performance of ClearDrum. Nothing contained in this Presentation nor any information made available to you is, or shall be relied upon as a promise, representation, warranty or guarantee, whether as to the past, present or future.

Not an offer

This Presentation is for information purposes and is not, and does not purport to be, a prospectus, product disclosure statement or any other offering document under Australian law or the law of any other jurisdiction (and will not be lodged with the Australian Securities and Investments Commission (“ASIC”) or any foreign regulator). The information does not and will not constitute or form part of an offer, invitation, solicitation or recommendation in relation to the subscription, purchase or sale of securities in any jurisdiction and neither this Presentation nor anything in it shall form any part of any contract for the acquisition of ClearDrum shares. The distribution of this Presentation in jurisdictions outside Australia may be restricted by law and you should observe any such restrictions.

Not investment or financial product advice

This Presentation does not constitute financial product, investment, legal, taxation, accounting or other advice and is not intended to be used or relied upon as the basis for making an investment decision. This Presentation is not a recommendation by ClearDrum or its advisers to acquire Ear Science Therapeutics shares and does not and will not form any part of any contract for the acquisition of ClearDrum shares. This Presentation has been prepared without taking into account the objectives, financial situation or needs of individuals.

Before making an investment decision, prospective investors should consider the appropriateness of the information having regard to their own objectives, financial situation and needs and seek financial, legal and taxation advice appropriate to their jurisdiction. ClearDrum is not licensed to provide financial product advice in respect of ClearDrum shares. Cooling off rights do not apply to the acquisition of new Ear Science Therapeutics shares.