FINDI LIMITED — Board/Management Information 2010

Feb 22, 2010

ANNOUNCEMENT TO THE AUSTRALIAN SECURITIES EXCHANGE: 23 FEBRUARY 2010

==> picture [43 x 39] intentionally omitted <==

==> picture [184 x 39] intentionally omitted <==

QED TO PURSUE MERGER WITH TSI

The Board of QED Occtech Limited (“QED” and “Company”) is pleased to announce that it intends to pursue a merger with Transaction Solutions International plc (“TSI”).

Should the merger be completed, it will provide TSI with an enhanced corporate profile and access to new capital markets to further expand its rapidly developing business in India.

Details of the possible merger (including timing, terms and legal form) are expected to be finalised over the coming weeks, and will be subject to agreement by both boards, and the necessary shareholder and other regulatory approvals.

About TSI

TSI is a business dedicated to the commercialisation, deployment and management of ATM and e- payments hardware and solutions for major banks and corporates in India’s emerging market.

TSI’s current and proposed activities in the region include bank grade solutions that allow automated transactions to occur between banks, financial institutions and bank customers through the use of financial debit or credit cards. TSI receives a recurring fee per transaction.

QED currently holds 10.77m ordinary shares in TSI, which represents about 18.50% of TSI’s issued capital (undiluted).

TSI’s market presence has increased substantially, reflected by an increased number of machines and solutions placed in the Indian market. This is reflected in an increase in transaction volume growth, as is demonstrated in the following chart.

ABN 98 057 335 672 LEVEL 9, BGC CENTRE, 28 THE ESPLANADE, PERTH WA 6000 PO BOX Z5083, PERTH WA 6831

TEL: (08) 9322 6322, FAX: (08) 9322 6558

==> picture [437 x 284] intentionally omitted <==

TSI management advises that its continued growth is a reflection of its business model. TSI receives a recurring revenue stream from its customers, which are predominantly large Indian banks and corporates. TSI has indicated they are currently in discussions with a number of large banks seeking ATM network solutions.

Change of Board

To implement the proposed merger, Messrs Paul Boyatzis, Gary Foster and Simon Cato will be appointed to the Board of QED.

The existing directors of QED, Messrs Ian Middlemas, Doug Miller and Mark Pearce will then resign from the Board. Mr Phillip Macleod will be replacing Mr Mark Pearce as Company Secretary of the Company.

The above changes will occur following lodgement of the 31 December 2009 financial report, and are expected to take effect from 25 February 2010.

Details on the new Directors are as follows:-

Mr Paul Boyatzis

Mr Boyatzis has over 25 years experience in the investment and equity markets, with a primary focus on strategic development of emerging growth opportunities. He is currently a member of the Securities & Derivatives Industry Association, a member of the Australian Institute of Company Directors, and a member of CPA Australia.

Mr Boyatzis was appointed the founding Chairman of Transaction Solutions International plc in 2005 and currently holds a number of directorships with listed and private companies.

Mr Gary Foster

Mr Foster has extensive experience in the ATM and e-transaction payment sector both in Australia and Overseas. Mr Foster is currently the Group Managing Director of Transaction Solutions International plc ("TSI") and oversees its business units in the United Kingdom, Australia and India.

Previously, Mr Foster was CEO for an ATM and e-transaction business which became one of the largest independent ATM deployers in Australia.

Mr Simon Cato

Mr Cato has had over 25 years capital markets experience in broking, regulatory roles and as director of listed companies. He initially was employed by the ASX in Sydney and in Perth.

During the last 20 years he has been an executive director and/or responsible executive of 3 stockbroking firms and in those roles has been involved in management issues such as credit control and reporting to regulatory bodies in the securities industry.

He currently holds a number of executive and non executive roles with listed companies in Australia.

Change of Registered Office

The Company will also change its registered and principal office on 25 February 2010 to:

QED Occtech Limited 6 Ord Street West Perth, Western Australia 6005

Telephone-(61 8) 9320 5108 Facsimile- (61 8) 9321 8448

Enquiries- Company Secretary: Mark Pearce Contact Details: Telephone-(61 8) 9322 6322 Facsimile- (61 8) 9322 6558