Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-203

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    Virtual Cards/Funding Services will be in reference to Airplus Update from the 4C, nothing to do with mastercard/visa. Further payments/funding services utilising Airplus where the margins are higher for SPX then the DW.

    "AirPlus Update.The virtual card program continues to produce high margin revenues for Spenda. The Company anticipates makingfurther announcements around the provision of virtual card services now that it has completed the prerequisite step ofselling the invoice finance book."

 
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