HomeSend Investment

eServGlobal Limited ("eServGlobal" or the "Company")

HomeSend Investment

5 October 2015

eServGlobal (AIM:ESG & ASX:ESV), the provider of end-to-end mobile financial services to emerging markets, announces that, further to the announcement earlier today, the Company has agreed to subscribe for partly paid shares, with full voting rights, in the HomeSend JV so as to maintain its shareholding at 35%.

The Company is required to pay €875K on 14 October 2015 and €2.625M on 15 April 2016 for the shares, out of a total capital raise of €10M by HomeSend. The partly paid shares will be fully paid on the final payment. Should eServGlobal fail to make the final payment on or before 15 April 2016, the other JV partners are entitled (but not obliged) to acquire all of eServGlobal's partly paid shares at the paid up amount. On a fully paid basis, the shares are issued at the same price as at inception of the JV and will represent 14.28% of the enlarged issued share capital of HomeSend.

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About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management features. eServGlobal invests heavily in product development, using carrier-grade, next-generation technology and aligning with the requirements of more than 65 customers in over 50 countries.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, a market leading solution based on eServGlobal technology and enabling cross-border money transfer between mobile money accounts, payment cards, bank accounts or cash outlets from anywhere in the world regardless of the users location.

eServGlobal has been a source of innovative solutions for mobile and financial service providers for 30 years.