Dear Shareholder,I am pleased to present the first ISX Financial EU Plc (“ISXPlc”) Annual Report and audited results for 2021. This is our first Annual Report since our demerger from Southern Cross Payments Ltd in September 2021. As the previous results released by ISXPlc were unaudited, there have been minor changes due to the final audit adjustments, noting that overall the results remain broadly consistent. In 2021 ISXPlc saw revenue increase 4.1% to €22.7 million, as Group focused on diversifying its revenue away from card acquiring, towards lower cost SEPA instant and batched interbank payments, in turn creating a multi-rail ecosystem centred on our flykk® service and Open Banking. ISXPlc delivered a Net Profit After Tax (NPAT) of €1.35m, based upon an EBITDA of €5.15m, which increased 8.9% on the prior year. The Group will aim release its 2Q22 results before mid-August. Click here for the 2021 Annual Report. Business Update ISXPlc has focussed on development of its own payment rails over the last few years, as an alternative to online card payments. This process is now complete to a commercial release level, with revenues being generated from our flykk® electronic money service. Whilst revenues have been consistent over the last few months, the opportunities presented to service our major customers such as Entain, Lottoland, WilliamHill and others with our new service are significant. Our multi currency facilities and correspondent banking have been revitalised, with ISXPlc now supporting more than 26 currencies into IBAN accounts. We recently relaunched our flykk® and multi currency services to the Brokerage/CFD/FX sector at the iFX Expo in Limmassol, Cyprus during June 2022. Regulatory licensing has commenced for a number of new initiatives, including crypto exchange, securities brokerage, and money service businesses in several jurisdictions outside the UK & EU. The majority are anticipated to complete during 2022. IPO Update ISXPlc is continuing to work through the “top hat” process of inserting a holding company ISX Technologies Plc above ISX Financial EU Plc, which will be via a court supervised scheme of arrangement, and subject to a shareholder vote at a general meeting. That process is a necessary first step before commencing the IPO process, with details submitted to our regulators for approval, and is expected to conclude October 2022. Considerable work has also gone into appointing a sponsor broker, updating insurances, updating company policies and procedures consistent with the target stock exchange requirements, enhancing the board composition to meet regulatory / listing requirements, and ascertaining the level of interest from funds/institutions and strategic partners. Unfortunately, the recent significant worsening in market conditions has led to increased uncertainly for IPO’s globally, including ISXPlc's proposed IPO. The Board will continue to work through the options to IPO this year, while ensuring the timing of any IPO balances both shareholders and the Company’s best interests. ISXPlc will also provide updates via our twitter feeds and LinkedIN pages with news as it occurs. Investor relations can be contacted via email at [email protected] Regards 
N Karantzis Managing Director & CEO ISX Financial EU Plc | 
