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FINDI LIMITED Capital/Financing Update 2011

Feb 21, 2011

64934_rns_2011-02-21_f4666921-363c-4da4-be8a-bd677b8689c0.pdf

Capital/Financing Update

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TSI INCREASES TRANSACTION VOLUMES AND REVENUES IN INDIA

Highlights

  • 67.5% increase in year on year December half transaction volumes.

  • 19.5 million transactions achieved in H2 2010;

  • 85% increase in year on year December half transaction revenues


The Directors of Transaction Solutions International Ltd (“TSI”) are pleased to announce that TSI India achieved 19.6 million transactions for the second half period 2010 (H2 2010). In comparing the same half last year (H2 2009), TSI India has increased its transaction volumes by 67.5%

In comparing H2 2009 to H2 2010, TSI India revenues grew by 85% . H2 2010 gross revenues grew to just over $3.75 million.

Managing Director, Mr. Gary Foster commented that, “ as a percentage, revenues grew 26% greater than transaction volumes, which indicates that our overall margins have grown and improved.”

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Notes to the chart: Historical performance may not be reflective of future performance

Transaction Solutions International Limited ABN 98 057 335 672 24 Colin Street, West Perth, WA 6005 Tel: +61 8 6500 0226 Fax: +61 8 9226 2235

About TSI

Founded in 2005, TSI’s business is a rapidly growing bank ATM deployment and e-transaction financial services business based in India. Operational in India since 2006 the company now has in excess of 350 ATMs fully operational and further contracts for another 150 ATMs to be installed.

The company’s business model is to build recurring revenue through the deployment of ATMs on behalf of major banks in India. In addition TSI has contracts to service the financial payments sector through automation of bill payment processes, in a market that is migrating from paper based to electronic transactions.

TSI owns, manages and operates its financial hardware and systems, in return for a fee per transaction. This recurring revenue model assists TSI in producing a business model that is highly scalable.

TSI has agreements with a large number of national companies including major banks, utilities and corporates. It is these corporations (not consumers) who form TSI’s customer base, and from who TSI receives its revenues.

Supported by the strong infrastructure and business platform built over the last 5 years, and a leading market reputation the business is now scalable by the installation of new ATM’s and building on the recently introduced bill payments capability. Barriers to entry in the sector are high with regulatory and banking approvals required. TSI has successfully overcome those barriers, as reflected in its growth profile and the increasing demand for its ATM outsourced business.

Transaction Solutions International Limited ABN 98 057 335 672 24 Colin Street, West Perth, WA 6005

Tel: +61 8 6500 0226 Fax: +61 8 9226 2235