Well we may laugh...........................Part S of the Key...

Well we may laugh...........................Part S of the Key Risks statement in the Placement document..............................

S. Acquisition, integration and growth

'Zip’s growth strategy may involve the acquisition of additional businesses. Zip may seek out opportunities to expand in the financial services and payments industry. Zip’s ability to grow and expand depends on its ability to attract additional end customers and merchants as well as seek out attractive investment opportunities, conduct appropriate diligence, negotiate transactions on favourable terms and ultimately complete such transactions and integrate acquired businesses. Zip may not complete future acquisitions at all, or on the terms contemplated, for regulatory
or other reasons. These growth strategies also involve inherent risks, including risks around implementation and integration. By expanding into the financial services and payment industry, Zip will increase its exposure to the financial services and payments industry related risks set out above.'