FINDI LIMITED — Capital/Financing Update 2013

Aug 27, 2013

Transaction Solutions International

Limited

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TSI OPERATIONS UPDATE

Highlights

• A$12 million cash available to TSI India for expansion

• 3 year contract renewal with Punjab National Bank (“PNB”)

• Successful renegotiation of ATM contract to increase margins

• Successful renegotiation of Bill Payment contract increases margins

• Advanced ATM new business pipeline includes existing networks

The Directors of Transaction Solutions International Ltd (“TSN”) are pleased to provide the following update for the operations TSI India (“TSI”).

Over the last 12 months, TSI management has been working on the renegotiation of existing contracts so as to positively impact the Company. Below is a current update as to the successful progress of this initiative which remains ongoing.

TSI and PNB strengthen relationship

Due to the ongoing success of TSI’s ATM deployment program which began with PNB in 2007, the parties have further solidified the relationship with PNB offering a 3 year extension to the ATM services provided by TSI. Concurrently, the existing agreement has been renegotiated with favourable outcomes to both TSI’s business and PNB. The material points of change are:

1. 3 year renewal period agreed by the parties to utilise TSI ATM services

2. Physical guarding services to be replaced by pro-active electronic surveillance

3. Non-performing sites as determined by TSI, can be relocated

4. Over-performing sites will be able to have a 2[nd] ATM installed to handle volumes

5. New transaction rate from 11INR* to 10INR

It is envisaged that the changes to the agreement will provide a net saving of approximately 15% on operating costs, allowing TSI an increase in operating margin. Managing Director of TSN, Mr. Gary Foster advised that, “PNB has aggressive expansion plans and are keen for TSI support. The changes to this agreement allow TSI greater flexibility in its deployment, whilst at the same time allowing us to reduce operating costs by the removal of guarding which is one of our largest ongoing costs.”

* Indian rupee

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Transaction Solutions International Limited ABN 98 057 335 672 41-47 Colin Street, West Perth, WA 6005 Tel: +61 8 6500 0226 Fax: +61 8 9226 2237

- Successful renegotiation of E Payment client M.P. State Electricity Board

TSI has secured updated terms for its Automated Bill Payment application operating at 45 M.P. State Electricity Board sites. The parties have agreed to a 30% increase in the fee per transaction received by TSI for this service.

Mr. Foster advised that, “The increase in revenues from MP State is on top of an already strong positive position. E-Payments currently make up approximately 10% of TSI’s business. However, this agreement reflects that there is great scope and potential for strong margins in the services we are providing and can provide to other utility companies. We see strong opportunities for expansion which includes the field of mobile payments.”

ATM pipeline and advanced discussions

TSI are involved in a number of active discussions with banks for ATM expansion, totaling a requirement of approximately 4,000 ATMs. This includes discussions on securing existing ATM networks which are becoming available.

Summary

TSI India has over $12 million in cash and is well positioned to continue its expansion plans in its core business of ATM deployment along with the opportunities presenting themselves in electronic payments. The initiative established by management to renegotiate contracts and implement cost reductions is beginning to reflect positively on the business.

For further enquiries please contact:

Gary Foster

Managing Director

gfoster@tsiplc.com

0417 170 240

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Transaction Solutions International Limited ABN 98 057 335 672 41-47 Colin Street, West Perth, WA 6005 Tel: +61 8 6500 0226 Fax: +61 8 9226 2237

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 1250 ATMs fully operational and generating revenue. It has further contracts to allow deployment for up to a further 500 ATMs.

The company’s business model is to build recurring revenue through the deployment of ATMs as well as 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 6 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.

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Transaction Solutions International Limited ABN 98 057 335 672 41-47 Colin Street, West Perth, WA 6005 Tel: +61 8 6500 0226 Fax: +61 8 9226 2237