Ann: Preliminary Final Report-TSN.AX, page-56

The Preliminary Report highlighted that transaction volumes are assumed to increase 8% year on year over the forecast period of 2018 and 2021.

Here's how this might look when TSI India's existing network and Mphasis contract is combined. NOTE: this is only on current ATM fleet numbers.

Projected Goal - Total transactions per year (for the financial year 2017):

98,496,000 (TSI India's existing network) + 459,111,960 (Mphasis contract) = 557,607,960 transactions per year. I will round off numbers for the purpose of this exercise.

End of financial Year 2017:
558 million transactions x 8% = 45 million additional transactions.
Total = 603 million transactions.

End of financial Year 2018:
603 million transactions x 8% = 48 million additional transactions.
Total = 651 million transactions.

End of financial Year 2019:
651 million transactions x 8% = 52 million additional transactions.
Total = 703 million transactions.

End of financial Year 2020:
703 million transactions x 8% = 56 million additional transactions.
Total = 759 million transactions.

End of financial Year 2021:
759 million transactions x 8% = 61 million additional transactions.
Total = 820 million transactions.

More ATM contracts are only going to increase those numbers exponentially. In my opinion should similar contracts be won across this one business line (ATMs) we could easily see multiple billions in transactions just for this one business line alone. This is what TSI India are aggressively working towards. How do you think this might look to prospective companies? End goal is trade sale or IPO and I have NEVER lost sight of that.

Tony