1. January 2012 The Hedge Engine™

2. 1 About Sceptre Sceptre is a technology company based in Central London with offices in Cambridge, Bournemouth and Chichester. We specialize in technology solutions for: Foreign Exchange Global Payments Treasury Systems Financial Certainty Sceptre’s technology team have developed and advised on systems for: ABN AMRO BOEING BRITISH TELECOM ENETT ISLAMIC BANK OF BRITAIN KEY KAA MASTERCARD MF GLOBAL MORRISONS NOKIA VISA WORLDPAY BRITISH BODYGUARD ASSOCIATION

3. 2 Hedging & Certainty Hedging began as a necessary instrument in the agricultural sector where a farmer needed price certainty for the sale of his crop before he risked the cost of seed and labour. From these rural beginnings hedging is now a foundation for fluctuating markets such as commodity trading, metals, gas and complicated financial instruments. The Hedge Engine™ is a unique and complete solution providing foreign currency rate certainty particularly for cross border small and micro payments.

4. 3 The Hedge Engine™ - Introduction The Hedge Engine™ = Foreign Exchange Certainty The Hedge Engine™ is a combination of technology and proven financial tools providing: Automated hedging against foreign currency movements/loses 24/7, even at the weekends Allows the user to receive and make payments in 27 currency pairs and all crosses Provides full treasury, auditing and reporting functions Allows payments to be taken in one currency and settled in another Provides payment pricing at a future date (up to three months) fixed at the time of initial transaction The Hedge Engine™ API which integrates into the user's existing back office software Reduction in foreign exchange transaction charges Generation of profit from the foreign exchange component of business The Hedge Engine™ = Foreign Exchange Certainty The Hedge Engine™ is a combination of technology and proven financial tools providing: Automated hedging against foreign currency movements/loses 24/7, even at the weekends Allows the user to receive and make payments in 27 currency pairs and all crosses Provides full treasury, auditing and reporting functions Allows payments to be taken in one currency and settled in another Provides payment pricing at a future date (up to three months) fixed at the time of initial transaction The Hedge Engine™ API which integrates into the user's existing back office software Reduction in foreign exchange transaction charges Generation of profit from the foreign exchange component of business

5. 4 The Hedge Engine™ - Capability The Hedge Engine™ - key success factors: Hedges across the futures and derivatives markets to ensure net currency movement is always zero Online treasury tool provides daily reconciliation – only moving currency mismatches Capable of 100 trades/second (8.6 million/day) Scalable system – requires only hardware addition Defined profit share – Real time pricing with agreed margin added to define profit share Fast Integration -.Net systems 6-8 weeks (typically 2 persons required for integration) The Hedge Engine™ is supported 24/7 Industry standard settlement terms of T+1 for majors and T+2 for exotics The Hedge Engine™ - key success factors: Hedges across the futures and derivatives markets to ensure net currency movement is always zero Online treasury tool provides daily reconciliation – only moving currency mismatches Capable of 100 trades/second (8.6 million/day) Scalable system – requires only hardware addition Defined profit share – Real time pricing with agreed margin added to define profit share Fast Integration -.Net systems 6-8 weeks (typically 2 persons required for integration) The Hedge Engine™ is supported 24/7 Industry standard settlement terms of T+1 for majors and T+2 for exotics

6. 5 A large travel agency based in the US needs a budget certainty for the cross-border payments when booking hotels and airline tickets… Partnering with Enett, a Travelport/Blackstone Group company, we have provided a virtual credit card and Hedge Engine solution. The travel agency can now commit to payments 3 months in advance with a certainty on pricing Example 1: Travel Agencies Industry Examples

7. 6 A UK based payments company needed certainty on foreign exchange for a basket of currencies to minimise currency risk and to cover open positions over the weekend… The Hedge Engine™ was integrated into their back office systems and provides a guaranteed rate on $20 Million of micro payments per month. Example 2: Payment Solution Providers Industry Examples

8. 7 Contact & Regulation Sceptre Limited is a Small Payment Institution registered with the Financial Services Authority no. 540558 Sceptre makes no representation or warranty that the information contained in this presentation is accurate, complete, fair or correct or that any proposal or claim within is appropriate for any person and it should not be relied on as such. All information is subject to change without notice. Nothing herein shall be construed as a recommendation or solicitation to purchase or sell any financial product or security or as an official confirmation of any transaction. This presentation is produced for illustrative purposes only and is not to be relied upon for any other reason, nor should it be considered as a solicitation. Sceptre Limited is Registered in England & Wales No. 16906094 HM Revenue & Customs Certificate of Registration for AML Regs No. 12610333 For further information please contact: Tony Hood 2 nd Floor, 70 Gracechurch Street, London, EC3V 0XL Telephone:+44 (0)20 7617 7822 Mobile:+44 (0)7841 997 832 Email:thood@sceptreltd.com

9. END OF PRESENTATION The Hedge Engine™