Seamless Distribution AB (publ) Annual Report 2015

Regulatory News:

Seamless Distribution AB: (STO:SEAM)

A FEW WORDS FROM THE CHAIRMAN

During 2015, Seamless continued to see strong growth especially in its B2B business units, with revenues increasing by 63%, from SEK 171 million to SEK 280 million. This saw an improvement in both earnings and cash flow.

Seamless as a company continues to hold a distinct advantage in the market due to the fact that a large part of our business is based on our transaction switch, also known as "ERS”. In 2015, Seamless processed 3.7 billion transactions with a gross value of SEK 51 billion across 18 markets.

From the very beginning ERS was the foundation for SEQR, our B2C business unit, allowing us to operate independently in critical parts of the payments value chain. This bodes well for future profitability. During 2015, transactions grew by 50% and we foresee this trend continuing during the new financial year. In order to realize SEQR’s full future growth potential, the board together with management, continue to seek a strategic solution which will allow for long term funding of SEQR, whilst also delivering the best value to Seamless shareholders. This remains a priority focus in 2016.

Seamless as a business operates in an incredibly exciting market and we look forward to the business continuing its evolution to becoming a valuable if not indispensable part of everyday consumer life.

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