11 May 2020

ThinkSmart Limited

(“ThinkSmart” or the “Company”)

Board Change

ThinkSmart announces that Roger McDowell, Non-Executive Director of the Company, will retire from the Board of the Company at the next Annual General Meeting, expected to be in November 2020.  Following Roger’s retirement, the ThinkSmart Board will comprise Ned Montarello (Executive Chairman and interim CEO), Gary Halton (CFO), Peter Gammell (Non-Executive Director) and David Adams (Non-Executive Director).

Roger joined the Board of ThinkSmart in December 2016 when the Company listed on AIM of the London Stock Exchange.

Ned Montarello, Executive Chairman and interim CEO, commented:

“On behalf of the Board, I should like to thank Roger for his service to ThinkSmart over the past 3 and a half years during which time the Company has undergone significant change including the sale of 90% of its Clearpay business to the Australian listed Afterpay Ltd.  We wish him the very best for the future.”

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About ThinkSmart Limited

ThinkSmart Limited is a specialist digital payments platform operator and investor. In 2018 ThinkSmart sold 90% of its Clearpay subsidiary to Afterpay Ltd and retains the 10% holding. ThinkSmart’s operating business provides retail finance solutions for both consumers and businesses, underpinned by its innovative and scalable proprietary technology platform, ‘SmartCheck’. Since it commenced operations in the UK in 2003, the Group has processed in excess of 350,000 individual applications.

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.