Ann: October GPTV Update, page-24

GrowthContinues……..with GPTV driving revenues.

Dear Shareholder

I am pleased to announce that GPTV continues to grow. iSignthis continues to be a rare growth story that is also cashflow positive. We’ve included some historic Appendix 4C tables and charts as well, to illustrate this.

Our Merchant Settlement System (MSS) is now almost fully automated, and will deliver further efficiencies. The MSS will also provide us with a platform to ensure that we can grow to take advantage of the full network effect we are creating via the Paydentity™ ecosystem. MSS will allow us to access GPTV data on a slightly delayed but real time basis, in turn allowing us to harness detailed business intelligence for further, more granular and targeted growth with each merchant.

GPTV Update > 31 October 2019: Actual annualised (unaudited) GPTVexceeds A$2.25bn (up 13.5% from 30 September, 423% from 30 June)

• Actual processed transactional volumes within the EU and AU Paydentity^TM ecosystem continue to grow in line with expectations as new business customers are on-boarded
• Merchant Services Fee (MSF) percentage is consistent with the targeted 125bps ecosystem average.
• The Paydentity^TM ecosystem continues to expand as a business service offering, with a focus on growth through customer acquisition and multiple revenue lines, including card acquiring and eMoney accounts growth.
• Actual annualised EU+AU Paydentity^TM ecosystem GPTV of A$2.25bn to 31 October 2019.
• The Company continues its growth whilst remaining cashflow positive.

ASX Share Suspension> We have received a further set of questions from the ASX late last Friday afternoon. We expect to respond promptly within the next couple of days or so.

Paydentity> Obviously, with the Westpac & CBA money laundering scandals bringing AML/CFT to the forefront, we are receiving queries re Paydentity from shareholders.

The Company provides Paydentity™ as an identity verification, or Know Your Customers Customer (KYCC) platform for ecommerce merchants and licensed financial service providers. The state of the art Paydentity™ platform verifies the identity of the retail customers using cards or interbank transfers, performs sanction and politically exposed person checks, and monitors transactions in real time with direct linkage to identity. The Company’s ISXPay® platform then processes, clears and settles payments across the broadest number of card schemes in the EEA and Australia, and is supported by the largest multi-currency choice for card settlements in Australia.

Importantly, the Paydentity™ platform places iSignthis and its merchants into Austrac’s digital Safeharbour compliance, ensuring that the retail customers with which iSignthis and its merchants deal with are properly identified, verified and then checked against relevant sanction and exposed persons lists. Paydentity™ also complies with the United Kingdom’s 2017 Joint Money Laundering Steering Group Guidance (JMLSG), with our recently patented European process closely matching the text and satisfying the process in the JMLSG.

We continue to focus on the fundamentals of the business, and moving our contracted customers into live processing to generate actual GPTV and revenues.

Thank you for your continuing support.

Regards

N J (John) Karantzis

CEO - iSignthis Ltd (ASX : ISX || FRA : TA8)