Coastal

To Our Valued Customers,

Following our recent announcement regarding the pause in trading, we’re pleased to share an important and exciting update —

Designerex is now trading again.

We are now actively working to re-capitalise the business and move forward in a way that best serves you, our valued customers.

We are currently working alongside the Administrators at O’Brien Palmer to secure the future of Designerex. As part of this process:

Lenders – If you are awaiting a past Payout, we’re working with the Administrators to have a payment date appear on your Dashboard in the coming weeks. If your account hasn’t been updated yet, please check back again soon.

The Administrators will continue to keep you informed throughout the restructure and provide updates regarding what you are owed. For any enquiries, you can contact them directly at pcocks@obp.com.au.

All new Payouts of rental fees will be paid within 5 business days of the rental end date, this is guaranteed by the Administrators.

Thank you for your continued support.

The Designerex Team x