FINDI LIMITED — Capital/Financing Update 2018

Jul 22, 2018

ASX ANNOUNCEMENT

23 July 2018

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BUSINESS UPDATE

Highlights

• Positive cash flow from operations for the quarter ended 30 June 2018

• Second consecutive quarter of positive cash flow from operations

• New Business for Q1 FY19 amounts to $1.6m

FINANCIAL UPDATE

As set out in the 4C Quarterly Report for the quarter ended 30 June 2018 released on 23 July 2018, Transaction Solutions International Limited (TSN or the Company) achieved positive cash flow from operations of approximately $56,000.

This is the second consecutive quarter of positive cash flow from operations, reinforcing the strong business fundamentals and the consistent performance of the Decipher Works (DWX) business.

Receipts from customers for the June 2018 quarter were $1.01 million, which is lower than $1.09 million recorded in March 2018 quarter. As previously announced, DWX recorded higher than expected receipts from customers in the March 2018 quarter because it included delayed payments by customers from the December 2017 quarter.

CYBERSECURITY BUSINESS UPDATE

Decipher Works

The DWX business continues to deliver consistent growth in terms of both new business and revenue.

DWX recorded strong new business during the June 2018 quarter with new contracts signed worth $1.6 million to be mostly delivered over the next 6 months, primarily with financial institutions based in Sydney.

To drive future growth, DWX is embarking on the following initiatives this year:

• New industries beyond banking and insurance

• New physical office in Melbourne

• New service offerings

In developing new service offerings, DWX is evaluating opportunities to: broaden DWX’s services by investing in new capabilities; and building new technology tools for the cybersecurity market by engaging in R&D initiatives that would leverage on DWX’s market insights and technology capabilities. Evaluation of specific opportunities in these areas are being conducted.

Level 1, 8-12 Market Street, Fremantle, Western Australia 6160 Australia T +61 8 9430 5033 www.tsnltd.com.au ABN 98 057 335 672

Other Acquisitions

TSN is continuing to evaluate M&A targets with both cybersecurity and cloud capabilities. Updates will be provided if these opportunities progress to more advanced stages.

For more information:

Jeffrey Lai Managing Director E: jlai@tsiplc.com.au

About TSN

Transaction Solutions International (TSN) is a technology based company focused on the financial services sector. The company has a 100% ownership of Decipher Works (DWX). DWX is a Sydney-based cybersecurity specialist, providing consulting, support and managed services to financial institutions and large corporations. The Company has strong long-term relationships with many of the major banks and institutions in Australia and is now moving into other market sectors such as Insurance and Financial Services businesses. TSN is actively pursuing growth in the cybersecurity industry.

TSN also holds a 24.89% interest in TSI India, a company having 400 employees, which has created a scalable operation in the field of e-transactions and payments in India. TSI India has over 30 major bank relationships, owns and manages approximately 14,000 ATMs, also offers Bill Payment services to a number of utility companies in India and owns a Managed Services platform.

Level 1, 8-12 Market Street, Fremantle, Western Australia 6160 Australia T +61 8 9430 5033 www.tsnltd.com.au ABN 98 057 335 672