Clarification related to press release 2017-08-09 (”Seamless delivers contactless payment solution to a Hungarian Bank”)

In relation to the press release that was published at 08:50 CET 2017-08-09, Seamless wants to clarify that the agreement with one of the leading Hungarian banks means that the subsidiary MeaWallet enters into a new geographical market. Furthermore, the agreement provides proof that the mobile payment solutions market is developing in the direction that MeaWallet has positioned itself for.

The total order value in addition to an agreed upfront fee of 1MSEK is currently unknown, but is estimated to be between 3 and 5MSEK.

For further information, please contact:
Lars Sandtorv, Head of MeaWallet, ls@meawallet.com, +47 90955111

Martin N. Larsson, Head of Treasury/IR, martin.larsson@seamless.se, +46 8 564 878 00.

This information is information that Seamless Distribution AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at CET 16:00 on August 9, 2017.

About Seamless
Since 2001 Seamless has been providing its proprietary solutions and systems for mobile phone transactions. Seamless operates in two main business areas; mobile phone payment solutions (provided through the brands SEQR©and MeaWallet™) and distribution of e-products. www.seamless.se

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About Us

Seamless is a global mobile payments company that provides electronic top-up systems and mobile payment services for mobile operators, distributors, retailers and consumers. Founded in 2001 and active in 35 countries, Seamless handles more than 5.3 billion transactions annually through 675,000 active sales outlets. Seamless has four main business areas: 1. Seamless Distribution Systems: Platform enabling digital distribution for Service Providers2. Seamless eProducts: Technology provider for distribution of physical and electronic products3. Seqr: Mobile Payment Platform4. MeaWallet: Provider of Host Card Emulation (HCE) and tokenization platform Seamless is truly an international company with customers all over the world. Our ambition is to be close to our customers, therefore, we have global sales, support and operations in Sweden, India, UAE, Pakistan, Ecuador, Belgium and Ghana, etc.In the last decade, we emerged as a trusted supplier and partner with technical excellence, business knowledge and commercially viable solutions. Our customers and long standing partnerships hold testimony to the quality of our product offerings and the efficiency of our services. As we move into the future, we aspire to continue exploring new grounds in mobile technology and introduce path-breaking products.

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