The Board of Directors of Seamless has resolved on a directed issue of shares

The Board of Directors of Seamless Distribution AB (publ) (“Seamless”) has,
pursuant to an authorisation from the annual general meeting 2015, resolved on a
directed issue of shares of approximately SEK 24.6 million to private and
institutional investors who have been identified by Evli Bank Plc.
The subscription price has been set at SEK 8.00 based on a book building process
to private and institutional investors accomplished in February 2016 by Evli
Bank Plc. The subscription price corresponds to the closing price on 24 February
2016 and a discount of approximately 2.5 per cent compared to the volume
weighted average price for last 30 trading days. The issue will raise SEK
24,607,728 for Seamless and a total of 3,075,966 shares have been issued.
Payment for the shares shall be made in cash not later than 4 March 2016, or
such later date as the Board of Directors resolves. The issue will entail
dilution for the current shareholders of Seamless of approximately 6.3 per cent,
after full dilution.

The issue has been implemented with deviation from the shareholders’
preferential rights and the right to subscribe for the shares 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. A number
of the subscribers are existing shareholders of Seamless. The purpose of the
issue, and the reason for the deviation from the shareholders’ preferential
right, was to strengthen Seamless financial position. According to the Board of
Directors’ assessment, a private placement of shares was, at this point of time,
the most favourable way to strengthen Seamless financial position and the Board
of Directors believes that the approach chosen for this issue does not grant an
unfair advantage for the subscribers.

Seamless will publish a prospectus in connection with the admission to trading
of the newly issued shares. The prospectus is expected to be available on
Seamless’ website (www.seamless.se) by the end of March 2016.

For further information, please contact:
Peter Fredell, CEO, phone +46 8 564 878 00, peter.fredell@seamless.se
Johanna Engelbrekt, CFO, phone +46 70 750 93 93, johanna.engelbrekt@seamless.se

This is the type of information that Seamless Distribution AB (publ) is required
to disclose pursuant to the Securities Market Act and/or the Financial
Instruments Trading Act. The information was submitted for publication on 25
February, 2016 at 08:30 a.m. (CET).

About Seamless / SEQR
(se·cure) is Europe’s most used mobile payment solution in stores and online.
SEQR enables anybody with a smartphone to pay in stores, at restaurants, parking
lots and online, transfer money at no charge, connect loyalty programs, store
receipts digitally and receive offers and promotions directly through one mobile
app. Through the SEQR app, the user simply scans or taps a QR-code/NFC at check
-out and approves the purchase by entering a PIN code. Fast, smooth and safe,
SEQR’s digital payment solution enables merchants to lower interchange fees
significantly compared to those charged by traditional card companies. SEQR’s
unique transaction platform has been developed by Seamless, one of the world’s
largest suppliers of payment systems for mobile phones.

Founded in 2001 and active in 35 countries, Seamless handles more than 3,7
billion transactions annually through 575 000 active sales outlets. 6 200
merchants have chosen SEQR including the largest grocery chains, fast food
chains and national retailer chains in the markets where SEQR is established.
Currently SEQR is established in Sweden, Finland, Romania, Belgium, Portugal,
Netherlands, Germany, Spain, France, Italy, UK and US. In 2013, SEQR won the
Mobile Money Deployment in Europe. Seamless is traded on Nasdaq Stockholm, under
the SEAM ticker. www.seqr.com