TSL.L Regulatory News (TSL)

ThinkSmart Limited

2 December 2016

Admission to Trading on AIM and First Day of Dealings

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

This announcement is not an offer of securities for sale in any jurisdiction. Investors should not subscribe for or purchase any transferable securities referred to in this announcement on the basis of the information in this announcement.

 2 December 2016

ThinkSmart Limited

("ThinkSmart" or the "Company" and, together with its subsidiary undertakings, the "Group")

Admission to Trading on AIM and First Day of Dealings

ThinkSmart Limited, a leading provider in the UK of retail point-of-sale lease finance for high-volume small-ticket electronic and commercial equipment, is pleased to announce that its entire issued ordinary share capital has today been admitted to trading on AIM, a market operated by London Stock Exchange plc. Dealings in the ordinary shares commenced at 8am under the ticker "TSL", with ISIN AU000000TSM0 and SEDOL BYWVJ891 and the Company's admission document can be viewed at: www.thinksmartworld.com.

The Company is delisting from the ASX and admitting to AIM in order to better align its listing with its place of business and the delisting from ASX should be effective on 6 December 2016. Canaccord Genuity is acting as Nominated Adviser, Financial Adviser and Broker.

Highlights

· The Group provides lease finance to consumers and businesses in the UK. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 customer applications. As at 30 June 2016, the Group had approximately 59,000 live customer contracts

· The Group has a longstanding exclusive relationship of approximately 14 years with Dixons Retail, one of the UK's leading electrical retailers, in relation to the leasing of certain equipment including computers, laptops, tablets and televisions

· The Group introduced a new product in conjunction with Carphone Warehouse in November 2016 to enable Carphone Warehouse's customers to lease iPhone 7, iPhone 7 Plus and Samsung Galaxy S7 devices in the UK under a 5 year exclusive agreement

· The use of technology is at the core of the Group's business, including the proprietary decision making system, SmartCheck, which integrates directly into a retailer's existing point-of-sale system and enables rapid credit decisions to be made at the point of sale

· ThinkSmart has a clear and executable growth strategy with potential to move into other consumer finance segments, supported by a skilled management team with experience in retail and finance sectors

· The Directors believe that the Group's growth strategy is supported by an increasing propensity to lease, with a "usage versus ownership" trend emerging

· In the year to 30 June 2016, the business generated revenues of approximately £13.3m and Group Operating NPAT2 (before non-operating strategic review and advisory expenses) of £2.1 million

· ThinkSmart's board contains experienced non-executive directors: Keith Jones, Peter Gammell, David Adams and Roger McDowell

ThinkSmart's Executive Chairman Ned Montarello commented:

"Listing on AIM is the next exciting step for ThinkSmart, building on our 14 year track record of supplying point-of-sale lease finance to UK consumers and businesses via our relationship with Dixons Retail and our new relationship with Carphone Warehouse.

"Our business model leverages our proprietary and innovative SmartCheck platform to provide benefits for retailers, consumers and manufacturers. We believe that, by enabling customers to pay for equipment across a number of smaller monthly payments, our lease products drive incremental sales, support customers choosing more expensive pieces of equipment, shorten customer replacement cycles and assist retailers in developing long-term customer relationships.

"We have invested capital and resources over the last 12 months to support our growth strategy and facilitate our entry into the UK mobile phone market. Listing on AIM will help to further raise the Group's profile in the UK, more closely align our shareholders with our operations and provide access to the UK equity markets to support future growth."

Notes

1 Please note that from 6 December 2016, the following ISIN will be used in place of the existing ISIN: AU000XINEAE8, and the following SEDOL will be used in place of the existing SEDOL: BYWVLS3

2 Net Profit After Tax

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About ThinkSmart Limited

ThinkSmart Limited is a leading provider in the UK of retail point-of-sale lease finance for high-volume small-ticket electronic and commercial equipment. The Group provides both B2B and B2C point-of-sale lease finance, primarily through its longstanding relationship with Dixons Retail and its new relationship with Carphone Warehouse. The Group's product offering is underpinned by a proprietary, innovative and scalable technology platform, SmartCheck. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications. As at 30 June 2016 the Group had approximately 59,000 live customer contracts.

Important notices

This announcement is for information purposes only and does not itself constitute an offer or invitation to underwrite, subscribe for or otherwise acquire or dispose of any securities in the Company and does not constitute investment advice. Neither this announcement nor any copy of it may be taken or transmitted, published or distributed, directly or indirectly, into the United States, Canada, Japan or South Africa or to any persons in any of those jurisdictions or any other jurisdiction where to do so would constitute a violation of the relevant securities laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of United States, Canadian, Japanese or South African securities laws. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe any such restrictions.

This announcement does not constitute an offer to sell or an invitation to subscribe for, or solicitation of an offer to subscribe for or buy any securities referred to in this announcement to any person in Australia. This announcement is not, and does not purport to be a document containing disclosures to investors for the purposes of Part 6D.2 of the Australian Corporations Act 2001 (Cth) and will not be filed with the Australian Securities and Investments Commission. This announcement is available to shareholders in Australia for information purposes only in the context of the application for Admission.

This announcement is for information purposes only and is only addressed to and directed at persons in member states ("Member States") of the European Economic Area who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended (including amendments by Directive 2010/73/EU to the extent implemented in the relevant Member State)) ("Qualified Investors"). In addition, in the United Kingdom this announcement is addressed and directed only at: (i) persons who have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order"), 43(2) or who fall within Article 49(2) of the Order; and (ii) any other persons to whom it may otherwise be lawfully communicated (together all such persons being referred to as "relevant persons"). Persons who are not relevant persons should not rely or act upon this announcement or any of its contents.