BostonInternationalHoldingsI N V E S T O R P R E S E N T A T I O NO C T O B E R 2 0 1 6

DISCLA IMERThesepresentationslides(the“Slides”)donotcompriseanadmissiondocument,listingparticularsoraprospectusrelatingtoBostonInternationalHoldingsPlc(the “Company”),donotconstituteanofferorinvitationtopurchaseorsubscribeforanysecuritiesoftheCompany(the“Securities”)andshouldnotbereliedoninconnectionwithadecisiontopurchaseorsubscribeforanysuchSecurities.TheSlidesandtheaccompanyingverbalpresentationdonotconstitutearecommendationregardinganydecisiontosellorpurchaseSecuritiesinthe Company.

TheSlidesandtheaccompanyingverbalpresentationareconfidentialandtheSlidesarebeingsuppliedtoyousolelyforyour informationandmaynotbereproducedordistributedtoanyotherpersonorpublished,inwholeorinpart,foranypurpose.NoreliancemaybeplacedforanypurposewhatsoeverontheinformationoropinionscontainedintheSlidesandtheaccompanyingverbalpresentationorthecompleteness,accuracyorfairnessofsuchinformationoropinions.Noundertaking,representation,warrantyorotherassurance,expressorimplied,ismadeorgivenbyoronbehalfoftheCompany,itsadvisersortheirrespectiveshareholders,directors,officers,employees,agentsoradvisersoranyotherpersonastotheaccuracyorcompletenessoftheinformationoropinionscontainedintheSlidesandtheaccompanyingverbalpresentation,andnoliabilityisacceptedforanysuchinformationoropinions(includinginthecaseofnegligence,butexcludinganyliabilityforfraud).TheinformationcontainedintheSlidesisselectiveandsubjecttoupdating,expansion,completion,revision,amendmentandverification.Itdoesnotpurporttocontainalltheinformation thataprospectiveinvestormayrequire.ProspectiveinvestorsshouldconducttheirownindependentinvestigationandanalysisoftheCompanyandoftheinformationcontainedintheseSlidesandtheyareadvisedtoseektheirownprofessionaladviceonthelegal,financialandtaxationconsequencesofmakinganinvestmentintheCompany.TheCompanyhasnotindependentlyverifiedanyoftheinformationcontainedinSlides. NothingintheseSlidesconstitutesthegivingofinvestmentadvicebytheCompanyoritsadvisersoranyoftheirrespectivedirectors,offices,partners,employees,agentsoradvisers.CertainoftheinformationcontainedintheSlideshasbeenobtainedfrompublishedsourcespreparedbyotherparties.TheCompanyhasnotcarriedoutanindependentinvestigationtoverifytheaccuracyandcompletenessofsuchthirdpartyinformation.NoresponsibilityisacceptedbytheCompanyoranyofitsdirectors,officers,employeesoragentsfortheaccuracyorcompletenessofsuchinformation.

TheSlidescontainforward-lookingstatements,whichrelate,interalia,totheCompany’sproposedstrategy,plansandobjectives.Suchforward-lookingstatementsinvolveknownandunknownrisks,uncertaintiesandotherimportantfactorsbeyondthecontroloftheCompanythatcouldcausetheactualperformanceorachievementsoftheCompanytobemateriallydifferentfromsuchforward-lookingstatements.Accordingly,youshouldnotrelyonanyforward-lookingstatementsandtheCompanyacceptsnoobligationtodisseminateanyupdatesorrevisionstosuchforward-lookingstatements.

TheSlideshavenotbeenapprovedbyanauthorisedpersoninaccordancewithsection21oftheFinancialServicesandMarkets Act2000(asamended)(“FSMA”).DistributionoftheSlidesisrestrictedtoaverylimitednumberofpartieswhohaveexpressedaninterestintheCompany.TheSlidesandtheircontentsaredirectedonlyatpersons:(i)ifintheUnitedKingdom,whofallwithintheexemptionscontainedinArticles19and49oftheFinancialServicesandMarketsAct2000(FinancialPromotion)Order2005(suchaspersonswhoareauthorised or exemptpersonswithinthemeaningofFSMAandcertainotherpersonshavingprofessionalexperiencerelatingtoinvestments,highnetworthcompanies,unincorporatedassociationsorpartnershipsandthetrusteesofhighvaluetrusts)andpersonswhoare“qualifiedinvestors”(withinthemeaningofsection86(7)ofFSMA);(ii)ifelsewhereintheEuropeanUnion,onlyto“qualifiedinvestors”(asdefinedinArticle 2(1)(e)oftheProspectiveDirective2003/71EC)towhomthisPresentationmaybedeliveredwithoutbreachbytheCompanyoritsadvisersofapplicablelaws;and(iii)inanyotherjurisdiction,onlytowhom suchdirectionmaylawfullybemadewithoutbreachofapplicablelaws.Anyinvestment,investmentactivityorcontrolledactivitytowhichtheSlidesrelateisavailableonlytosuchpersonsandwillbeengagedinonlywithsuchpersons.

Personsofanyotherdescription,includingthosethatdonothaveprofessionalexperienceinmattersrelatingtoinvestments,shouldnotrelyoractupontheSlides.

TheSlidesshouldnotbedistributed,published,reproducedorotherwisemadeavailableinwholeorinpartbyrecipientstoany otherpersonand,inparticular,shouldnotbedistributedtopersonsintheUnitedStatesofAmerica,Australia,theRepublicofSouthAfrica,theRepublicofIreland,JapanorCanadaorinanyothercountryoutsidetheUnitedKingdomwheresuchdistributionmayleadtoabreachofanylegalorregulatoryrequirement.NosecuritiescommissionorsimilarauthorityinCanadahasinanywaypassedonthemeritsoftheSecuritiesofferedhereunderandanyrepresentationtothecontraryisanoffence.Nodocumentinrelationtotheequityfundraisinghasbeen,orwillbe,lodgedwith,orregisteredby,TheAustralianSecurities andInvestmentsCommission,andnoregistrationstatementhasbeen,orwillbe,filedwiththeJapaneseMinistryofFinanceinrelationtotheequityfundraisingortheSecurities.Accordingly,subjecttocertainexceptions,theSecuritiesmaynot,directlyorindirectly,beofferedorsoldwithinCanada,Australia,Japan,SouthAfricaortheRepublicofIrelandorofferedorsoldtoaresidentofCanada,Australia,Japan,South AfricaortheRepublicofIreland.

TheSecuritieshavenotbeen,andwillnotbe,registeredundertheUnitedStatesSecuritiesActof1933,asamended‘theUSSecuritiesAct’)orwithanysecuritiesregulatoryauthorityofanystateorotherjurisdictionoftheUnitedStatesandmaynotbeofferedorsoldwithintheUnitedStatesorto,orfortheaccountorbenefitof,anyUSPersonasthattermisdefinedinRegulationSundertheUSSecuritiesAct.TheCompanyhasnotbeenregisteredandwillnotregisterundertheUnitedStatesInvestmentCompanyActof1940,asamended.

INTRODUCT ION

◦ FragmentedglobalFXmarketvaluedat$5.1tn/daypresentsahostofacquisitionopportunities

◦ BostonInternationalHoldings(“BIH”)isseekingtoacquirecompanieswithintheFXsectortocapitaliseontheseopportunitiesandcreateshareholdervaluebydrivingpositivechange

◦ Firstacquisitionwithin18months- followingthis,potentialforcomplementaryacquisitions

◦ StrongmanagementteamwithdeepexperienceacrossFXandFSsectors

◦ StandardlistingofSPACwillprovideplatformtoraisefundstoexecutetargetedacquisitions

EXPER IENCED MANAGEMENT

NormanRichardConnell• 10yearsworkinginstart-upenvironmentsbothinandoutof

financialservices• SeasonedregulatoryandcomplianceofficerinOTCDerivatives• Legal&ComplianceOfficerrolesatbothIFXMarketsandBoston

MerchantManagementServices

BordenJames,FounderandChairman• ManagingMemberCBFXLLC,ClarionCapitalGroupandonthe

BoardofIFXMarketsInc• FormerDirector&CFOBostonMerchantManagementServices,

Inc• FormerSeries3andSeries30licensesfromtheNationalFutures

Association.• FormerDirectorBMFNPtyLtd

RichardAllenHartheimer,Non-ExecutiveDirector• ElectronicFXtradingspecialist,developingtradingsoftwareand

providingconsultancy• +30yearcareerinFS,workedorconsultedforCiticorp,Cognotec,

Currenex,StandardCharteredBank• Expertwitnessoncasesdealingwithelectronictrading

BarbaraSpurrier,CompanySecretary• Qualifiedcertifiedaccountant(FCCA)withover35yearsfinance

experienceinnumeroussectors• Recentlysuccessfullyconcluded2IPOsand2RTOsontoLSE/AIM.• Hasbeenamainboarddirectorof4AIMlistedPlc’s,headingthe

revenuerecognitioncommitteeoftheboardforoneofthesecompanies.

UnitedKingdom,2,426

UnitedStates,1,272

Singapore, 517

HongKongSAR,437

Japan, 399

France, 181

Switzerland, 156

Australia, 135Germany, 116

ROW, 907

D A I LY F X V O L UM E S ( $ B N )

THE MARKETTheworld’sLargestfinancialmarketwith>$5tntradeddaily

Source:BISTriennialCentralBankSurvey,2016

THE OPPORTUNITY

◦ Competitionandfragmentationoverthepast20yearshascontributedtomarketevolution:◦ Innovationintechnology◦ Greatertransparency◦ Increasingvolume

◦ Recentmarketeventshaveledtoaneedforbettermanagementofriskandcompliance

◦ Increasinglycomplexregulatoryenvironment andlowerthresholdsforriskmeanthefragmented FXmarketisprimeforinvestmentandconsolidation

◦ Theproventrackrecord andexpertise ofBIH’smanagementteammeansthattheCompanyiswellpositionedtocapitaliseonthemarketopportunity

TARGET ING A L L S EGMENTS ACROSS THE FX MARKET

BIH’sseniormanagementteam’sinvesting,dealandoperatingexpertiseacrosstheFXsectorwillallowthe

Companytosourceidealtargetbusinessesandimplementitsconsolidationstrategy

Brokers MoneyServiceBusinesses

B IH BUS INESS MODEL

◦ BIHwillimplementanoperatingstrategyintheacquiredbusinesstogeneratevalueforitsShareholdersthrough:◦ Operationalimprovements◦ Potentialcomplementaryacquisitions◦ Re-admissionoftheenlargedgroup

◦ TheknowledgeandexperienceofthetheBoard,inparticularintheFX,financialservices andlegalandcompliance sectors,willcontributetotheimplementationofcompanystrategiesthatenhanceshareholdervalueandgeneratestrongreturnsforinvestors

◦ Onlylookingtoacquirehighqualitybusinessesthathaveexceptionalpotentialforgrowth andwhichoperateinjurisdictionswithsoundregulatoryenvironments

◦ Targeting retailoverthecounter(OTC)andcorporate deliverablepaymentsspace

◦ Withanacuteunderstandingoflegalandcomplianceissues,BIHwillensurediligentcorporategovernance withinthetargetcompanyandhavethecapabilitytooperatesuccessfulbusinessesinheavilyregulatedenvironments

INVESTMENT CR ITER IA

BIHwillemployaproactiveacquisitiontargetingstrategywhichidentifiespotentialacquisitioncandidatesthatmatchupwithmanagement’svalueinvestmentobjectives

◦ FocusingonretailOTCandcorporatedeliverablepaymentsspace◦ Recentunderperformancerelativetocapabilities◦ Strongcompetitiveindustryposition◦ Companywithlargepotentialforgrowth◦ Strongandexperiencedmanagementteams◦ AlthoughthemainfocusisontheFXindustry,theboardhasdiscretiontopursueothersectorsandopportunitieswithsignificantgrowthpotential

STRENGTHS OF S PAC APPROACH

BenefitstoInvestors• PE-likeinvestorapproachwithgreaterliquiditythrough

publiclytradedsecurities

• After18monthsifnoacquisitionhasbeenmadetheboardwillreviewandrecommendeithertocontinuetopursuetheacquisitionforanother12monthsortowindupanyremainingcapitaltobereturnedtoinvestors

• Alignmentofinterestthroughsponsorcapitalatriskandforfeitureandtransferrestrictionsonfounders'shares

• Accesstoincentivisedhighqualitysponsors

Benefitstotargetcompanies

• Fasttrackedlistingonarecognised stockexchange

• Privateequityinputwithoutprivateequityinfluence

• Abilitytostructurecomplextransactionstomeetseller’sspecificneeds

• Potentialforsellertoretainmajorityofupsideinstock

• Lessdisruptivetoseller/companyandemployeesthantraditionalIPO

ADMIS S ION AND USE OF PROCEEDS

Admission:◦ StandardListingwithsharestradedontheLSEMainMarket◦ ThecredibilityofbeingapubliccompanywillcontributetotheCompany’sabilitytoexpandcreditlinesandgainliquidity

Fundingrounds◦ Firstroundoffundingraised£1.4m◦ Furtherfundingislikelytoberequiredpriortotheacquisition

Useofproceeds◦ Acquiringatargetbusinessaspartofashareconsideration◦ Expensesrelatingtotheacquisition(e.g.duediligence,legalandaccountingcosts)◦ Remainingcashtobeusedforworkingcapitalpurposes

SUMMARY

Roll-upacquisition

strategygoingforward

Targetingagrowth

businessinahighgrowthmarketwithin18months

Deepunderstandingofregulation

andcompliance

issues

>$5tn/daymarketprime

forconsolidation

Strongmanagementteamwith

provenrecordinM&A