SJH.L Regulatory News (SJH)

11 June 2015

Boxhill Technologies plc

("Boxhill" or the "Company")

Trading Update

Boxhill Technologies plc (AIM: BOX), the payment software and lottery group, announces a trading update.

HIGHLIGHTS

• Profitability for the three months ended 30 April 2015 exceeded profitability in the six months ended 31 January 2015.

• Management remain confident that out-turn for the full year will show revenue for the financial year ended 31 July 2015 being at least double revenue in the year ended 31 July 2014 based on current contracted business.

• New technology integrations with payment services providers ("PSPs") giving access to a wide array of acquiring banks, increasing potential transaction capacity.

• Successful conclusion of Casino Cash pilot.

Payments Division

Boxhill's payment division drove the growth in profits through the third quarter to exceed the profits gained in the first half of the year.

The Board reiterates that there will be some negative impact in May and June due to the lack of football betting in the off seasons although this is expected to be somewhat offset by events such as Wimbledon and the Grand Prix series. The Company expects to take advantage of the relatively quiet months to complete technology upgrades to servers and the payments platforms. In addition the Company is targeting to complete integrations with a number of PSP and specialist providers in order to increase volume capacity and offer additional card brands as well as alternative payment methods to merchants alongside VISA and MasterCard.

Casino Cash Machines

The Casino Cash pilot at the Hippodrome Casino has concluded with positive results. The pilot succeeded in delivering real life data on the use of the machines in a high footfall casino environment and there will be a number of improvements made to the next generation of machines and software. In addition the Company is working on an innovative funding model allowing for the roll out of the schemes whilst reducing the cash requirement to keep the machines compliant with UK regulations. The Company has interest from overseas operators in rolling out Casino Cash in other countries and expects to make an announcement in the next quarter with more details about Casino Cash.

Prize Provision Services ("PPSL")

 Prize Provision Services Limited ("PPSL"), the operator of The Weather Lottery, is in the final stages of completing improvements to its technical platform, with migration due to be completed this month.

The improvements will give greater transparency for clients and has the potential to offer further services to client societies. Along with a more robust service, the new platform will offer improved CRM capabilities for both clients and individual customers alike.

May saw The Weather Lottery hold its first lottery education day in Manchester where societies in the local area were invited to learn how to maximise their lottery proceeds. Following the success of this event the company will be hosting regional roadshows in the coming months.

Together, the improved infrastructure, CRM, education roadshows and the introduction of Direct Debit are expected to deliver a net increase in the total number of lines being played over the next six months.

Soccerdome

The Company continues to work with Nottingham Council as the reopening of the Harvey Hadden Sports complex nears, including negotiating a significant extension to the lease. The Company is in active discussions with a number of parties with a view to Soccerdome re-opening and the venue being managed on a joint venture basis.

Phil Jackson, Chief Executive, commented: "It's great to see the results of hard work reflected in a positive financial performance for the third quarter. The Board will continue to scrutinize and review the shape and offering of our business and place a priority on expanding those operations that generate revenues."

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