Capital Return and Dividend and Notice of AGM

15 October 2020

ThinkSmart Limited

 ("ThinkSmart" or the "Company" which together with its subsidiaries is the "Group")

Capital Return and Dividend and Notice of AGM

ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, announces the intention to return approximately A$6.5 million to shareholders.

Subject to shareholder approval at the Company's 2020 Annual General Meeting ("AGM"), the Company intends to return an amount to shareholders of approximately A$6.5 million, consisting of a return of share capital of approximately A$4.9 million by way of a capital reduction to be effected by the Company paying up to 4.575 cents per share (or depositary interest) and an unfranked dividend of approximately A$1.6 million being 1.525 cents per share (or depositary interest), to each registered holder of the shares as at the proposed record date of 5:00pm (GMT) on Friday, 13 November 2020 with payment expected to be made on 9 December 2020. At the date of this notice, the Group has approximately A$18 million of cash or cash equivalents.

Copies of the 2020 Annual Report and Accounts, including the Notice of AGM and Proxy Form will be made available to shareholders on Monday 19 October 2020 at which point they will be available for viewing on the Company's website www.thinksmartworld.com.

The Annual General Meeting of the Company will be held at 8.30am (GMT) on Wednesday 11 November 2020 at the offices of Canaccord Genuity, 88 Wood Street, London EC2V 7QR. To protect the health and wellbeing of our shareholders, shareholders are strongly encouraged to lodge a directed Proxy Form appointing the Chairman of the meeting to act as their proxy in advance of the AGM rather than attending the meeting in person. Further details of the AGM arrangements can be found in the AGM Notice.

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Notes to Editors

About ThinkSmart Limited

ThinkSmart is a specialist digital payments platform business. It offers investors unique exposure to the UK 'Buy Now Pay Later' payments sector undergoing exponential growth, driven by ongoing digital transformation of consumer shopping habits and financial services.