The board of directors’ of Seamless has resolved on a directed issue of convertible debentures

The board of directors’ of Seamless Distribution AB (publ) (“Seamless”) has,
pursuant to to an authorisation granted by the latest annual general meeting,
resolved on a directed issue of convertible debentures. The offering was fully
subscribed, whereupon Seamless has issued convertible debentures of SEK 42
million to private and institutional investors who have been identified by Evli
Bank Plc.
The convertible loan amounts to a nominal value of SEK 42 million and carries
interest at an annual rate of seven (7) per cent which shall be paid every
quarter. The convertible debentures have been subscribed at a value
corresponding to 100 per cent of the nominal value and the conversion price has
been set to SEK 9 based on a book building process to private and institutional
investors completed in August 2016.

“This convertible refinances a previous convertible debentures that was not
converted into shares”, says Peter Fredell, CEO of Seamless.

The issue has been implemented with deviation from the shareholders’
preferential rights and the right to subscribe for the convertible debentures
was only granted to a limited number of private and institutional investors who
have been identified through a book-building process, arranged by Evli Bank Plc.
The reason for the deviation from the shareholders’ preferential right was that
the company is in need of financing of operations and a directed issue of
convertible debentures has been deemed to be the fastest and the most favourable
way to obtain such financing for the company. The convertible loan will mature
364 days after the date of issue, unless conversion or distribution has occurred
prior to this date. The issue brought
SEK 42 million to Seamless. The payment for the convertible debentures shall be
made in cash in connection with the subscription, or such later date as the
board of directors resolves.

The issue of convertible debentures will entail, upon full conversion, a
dilution for the current shareholders of Seamless of approximately 7.36 per cent
after full dilution.
For further information, please contact:
Peter Fredell, CEO, phone +46 8 564 878 00, peter.fredell@seamless.se
About Seamless
Seamless is one of the world's leading providers of mobile phone payment systems
and handles more than 3.9 billion transactions each year via 525,000 active
sales outlets. Combined with more than eleven years' experience and a presence
in about 30 countries, this gives Seamless a strong position in the mobile phone
payment market. It is the company's unique transaction platform that makes SEQR
possible. Seamless is traded on Nasdaq Stockholm, under the SEAM ticker.

www.seamless.se

About SEQR
SEQR, developed by Seamless, is the fastest and easiest mobile payments solution
currently available on the market. All customers need to do is use the SEQR app
to scan the QR/NFC code at the POS terminal and approve the payment by entering
their PIN. SEQR works just as well for physical transactions as for e-commerce,
and is both faster and more secure than card payments. The technology behind the
solution means that there is no investment cost for retailers. All that is
required is a QR/NFC code sticker at the POS terminal. In addition, the low
transaction charges allow the retailer to save money.

www.seqr.se – Twitter: @seqrse (https://twitter.com/SEQRse) –
facebook.com/seqrse (https://www.facebook.com/SEQRse)

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 08.50 a.m. CET on August 30, 2016.