Ann: Appendix 4C - quarterly, page-17

Hi Brian,

Remember the few of the other initiatives the company are continuing to work on with their traditional banking partners?

* A request to build out an internet payments gateway which would see PIL receive ongoing revenue share of transactions across the platform.

* A partnership to launch a new remittance platform that will enable real time international remittance credit to bank services.

* A request to conduct thought leadership with one of their banking partners around global trends and future mobile banking and to work with their executive team to define how they will work with them in the Philippines utilising their mobile platform.

* With regards to the expanding relationship with emerging Bangladesh payments platform 24Nme, note that the announcement dated 18/04/16 highlighted that the parties agreed to extend due diligence by three months. It's getting very close to a year now. No news on this front yet??

http://www.asx.com.au/asxpdf/20160418/pdf/436kyk89363f1c.pdf

It's this point below that has my attention at the moment...

* Exploring other expansion opportunities through strategic JV partnerships and or M&A activity. That would take care of limited cash in the bank.

Not the time to be messing around for pip trading imo.

Exciting months ahead.

References:

http://www.asx.com.au/asxpdf/20160627/pdf/4384qtn1r2wlrm.pdf

http://www.asx.com.au/asxpdf/20161129/pdf/43d9n3b7zdkkhb.pdf

Tony