Hi, 1. TSN is currently undertaking a due diligence as part of...

Hi,

1. TSN is currently undertaking a due diligence as part of an exclusive deal to acquire the remaining balance of 75% of TSI. The deal is expected to conclude between now and April 2017 (maximum).

2. In July 2015, TSI India won a five year e-commerce agreement with Punjab State Power Corporation Limited (PSPCL) for 200 electronic payment kiosks.

On the 11/11/16, the company highlighted that Phase 1 deployment and installation for 50 bill payment kiosks out of 200 had been successfully completed. With Phase 1 completed, there are still 150 kiosks to be deployed and installed from this contract. Fingers crossed we get to hear more on this front soon.

http://www.asx.com.au/asxpdf/20150701/pdf/42zjzmq3c7pql9.pdf
http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

3. On the 11/11/16, the company highlighted that they received a new order from Madhya Pradesh State Electricity board for an additional 164 machines. They are looking to deploy these machines during the current financial year. 'During' was the keyword for me here.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

4. On the 11/11/16, the company highlighted that they started the approval process with a majority of their bank clients for the re-deployment of an additional 600 ATMs. Looking to hear more on this front (fingers crossed) near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

5. With recent new government regulatory changes well and truly underway, I'm also wondering whether there will be a TSI India business update regarding metrics right across the board?

6. TSI India has successfully deployed their in-house proprietary e-surveillance solution across 500+ of their existing 2300 ATM sites (pre-Mphasis). Refer to link below. Fingers crossed deployment will continue across their remaining existing 1800 ATM sites near term.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

7. On the 15/03/16, TSI India won their first e-surveillance tender with Andhra Bank for 500 ATM sites. This is a five year contract.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

On the 11/11/16, TSI India highlighted that deployment across 300 (of the 500 contract) of Andhra's ATMs was complete. It took the company less than 8 months to complete that. On the 02/02/17 (just shy of 3 months) TSI India added another 100 e-surveillance systems to Andhra's ATMs. That only leaves 100 ATMs with e-surveillance to go. Deployment of these systems is now moving rapdily.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf
http://www.asx.com.au/asxpdf/20170202/pdf/43fr2w4bsqsww0.pdf

8. On the 15/03/16, TSI India was approved by Laxmi Vilas Bank to deploy its e-surveillance solution, integrated with its power managment solution at their sample sites to showcase its system. That's almost approaching one year now (exactly the same time as per Andhra Bank tender win). If successful, TSI will have the opportunity to rollout across 900 Laxmi Vilas Bank sites for both e-surveillance as well as power management solutions. If the Andhra Bank progress is anything to go by, fingers crossed we get to hear more on this front soon.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

9. On the 11/11/16, TSI India highlighted a new e-surveillance deal for 185 ATM sites with Kotak Mahindra Bank. TSI India beat existing market leaders on technical ability as well as price for their solution. Four days ago, TSN informed the market that their in-house e-surveillance solution had been successfully completed at over 170 locations. Testament to how fast they're deploying these systems.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf
http://www.asx.com.au/asxpdf/20170202/pdf/43fr2w4bsqsww0.pdf

10. I wonder how many sites TSI India have integrated their in-house power management solution across? Take note of what was highlighted on page 8 re HDFC Bank of the 2015 Corporate Presentation below. Wonder whether we'll hear more regarding this solution for their existing ATM sites (pre Mphasis)?

http://www.asx.com.au/asxpdf/20150515/pdf/42yl8x4cqbsnp7.pdf

11. On the 11/11/16, TSI India highlighted a NEW enhanced feature/capability of the power management solution.

- Electronic ATM site shutter down and up at designated times.
- System under pilot trial for one of the large public sector banks in India.

Fingers crossed for some news on this front in the near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

12. Integrated monitoring and ticket system business - On the 11/11/16, the company highlighted that they received an in principal approval from BTI Payments (White Label ATM Operator) to create an integrated solution (first of a kind solution for the industry) for monitoring devices such as power back up solutions and digital video recorder monitoring. The announcement did not specify how many. There are also plans to create incident tickets on existing managed service platforms currently used by TSI to monitor the ATMs of BTI Payments. This new system is also planned to be rolled out across 3,500 of TSI India's managed ATMs. Fingers crossed for some news on this front in the near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

13. On the 02/02/17, TSN announced that an agreement was secured with Kindred Technologies and TSI India. As highlighted TSI are expecting to leverage off Kindered's business Utility relationships and are looking at identifying ways to monetise traffic at ATM transactions.

14. SREI WLA delayed until currency circulation normalised and they can see clarity for their WLA business model. This may take SREI 2-3 months to recommit to the deal. TSI management expect things to normalise by the end of March 2017. No one knows at least until then.

Tony