Chess iX– Confidential

Chess iX Summary Overview per 2011

Date: June, 10th 2011 Copy: V1 – Chess This document is prepared by Chess iT International BV

Chess iX - Confidential

Overview per 2011

130  employees  with  a  high  tech  ambi4on  

revenue  in  2011      €15  million    

more  than  10  innova4on  projects                                      in  progress  at  the  same  4me      

more  than  20 companies    from  the  100  top  Benelux  are  customer    

 

8  building  blocks  in  porColio  for  handling  payments  &  transac4ons  

   

0100101110010110 Software 01001011 1001011001010100 Development 01101 0100101110010110 Center 0100101110 0010110011100010

0100101110010110 Payment 01001001 0100101110010110 Product 010101001 0100101110010110 Management 01101 0100101110010110

Key figures Chess group

Chess iX - Confidential

Overview per 2011

5

Summary Chess iX

Introduction •  Chess iX is an IT design and development center whose core

disciplines are system specifications, software design & implementation and system integration. Chess-iT provides full life cycle management & support.

•  The Company develops IT products and applications within the financial service industry, the service industry in need of transactions, ticketing, access control and payment solutions.

Propositions

•  Services –  IT Consulting, Software Product Development, Application Life

Cycle Management, Operations & Support –  Building blocks for

–  eCommerce, eTicketing, –  ePayments (online, mobile, contactless), eLoyalty –  eInvoicing

•  Projects in the area of: –  ePayments –  eInvoicing –  eLeasing –  eTicketing –  Cashmanagement

Market

•  Long lasting relationships with large and medium sized companies:

–  Main revenues in the financial and banking area, upcoming are large eCommerce companies and bigger companies in need of critical IT systems.

–  Long term contracts with clients; Project-contracts in combination with a long term Service contract.

–  Over 25 of the top 100 Dutch companies are client of Chess. –  A selection of clients include: Amsterdam Arena, ANWB, Bank

Mendes Gans, Equens, ING, NS (Dutch Railways), Rabobank, Royal Dutch Football Association (KNVB), TransLink Systems, Connexion.

•  Revenue Model: –  Consultancy on time & material; –  Fixed price projects, based on hours, rate, risk assessment ; –  Maintenance & Support fees (SLA’s); –  Software licenses.

75%

16%

10%

Part of Revenues 2011

Projects with ALM

SLA

Other; Consultancy/Licences

40%

25%

20%

15%

Part of Revenues 2011

Banking, Payments

Leasing

Ticketing

Other

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Overview per 2011

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The characteristics of Chess iX

A structured organization with a strong entrepreneurial spirit

•  A highly respected IT company with an excellent reputation known for its innovation, reliability and quality standards:

-  Chess iX is specialized in the creation of new products and services with a focus on Java/J2EE architectures;

-  Market oriented development and service teams led by experienced principals complemented by a consultancy team;

-  ISO 9001 Quality and test capabilities integrated in the project approach;

-  Knowledge management is guaranteed as a result of availability of time for innovation and IT education.

•  Range of opportunities : -  There is a new demand of high quality software development for

critical applications and products; -  An increased demand of application life cycle management for

developed software solutions and devices; -  A growing demand for ePayments in the online world as

eCommerce is growing rapidly and looking for alternatives; -  Mobile is the next big thing: Based on current market trends it is

clear transaction systems need to be available in the mobile channel and especially for Android, a Java/Eclipse based environment which is at Chess iX in place;

-  NFC is the emerging technology to bridge the online and mobile world with consumer facing transactions (payment, ticketing, advertising, identification). Chess iX has several IP owned software solutions available for this upcoming wave.

Employees

•  Chess iX believes that employee satisfaction and shared objectives are crucial to strong business performance

-  Pleasant and challenging working atmosphere and culture. -  Culture based on self-support; Top Talented style -  Highly skilled employees: Most of the Chess iX employees have a

technical education and several years of experience with system engineering

10%

44%

44%

2%

Education

Intermediate  (MBO) Bachelor  (HBO)

Master  (University  degree) PhD  (Dr)

PROJECTS

SERVICE MANAGEMENT

OPERATIONS

O F F I C E

MANAGEMENT TEAM

Chess iX - Confidential

Overview per 2011

Chess main services

Software development center

System Integrator

Service management & Operations

Software components

PURE Router /PSP in the box

PURE VAS / Virtual Account System

PURE eCommerce / Ticketing

PURE Transaction Host

Pay4You Go NFC reader

Experience

eComm/Mobile Portals

Payments / Transactions

Cashless systems

E-Invoicing / Cash Management

Ticketing/ Voting

Rabobank ING Equens BMG KNVB Ziggo INGLease AH TLS Connexxion TUI NS Rabo Mobiel ArenA

Portfolio Chess iX

Chess iX - Confidential

Overview per 2011 Chess Payment Products & solutions

Retail Restaurants/Bars Transport Leisure/Culture Sports

EMV POS terminal: •  Mobile and stationary version •  PIN/Maestro •  Mastercard/Visa credit card •  PCI2.0/PCI+ 2.0 •  EMV L1 & L2 •  Contactless interface •  Mag reader •  EMV card reader

Contactless payment terminal: •  Stationary/Unattended/Mobile •  Contactless interface •  Chip reader •  Paypass/Paywave ready •  OV chipkaart ready •  Direct internet connection •  Event software •  Account system

Ecommerce/Mobile platform: •  Productmanagement •  PSP interfaces •  Account system •  Payment Routing •  eWallet •  Topups •  Loyalty

Pay4You Pos Terminal Pay4You GO PURE Transactions

Chess iX - Confidential

Overview per 2011

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Fit for Purpose, Use and Change

•  Fit for Use

Existing system was not fit for use Complete rebuild with focus on technical quality TCO from 1.6 Meuro to 0.6 Meuro per year

•  Fit for Use Existing system outdated and new techniques/functionalities required

Complete new design, architecture and software development New standard for all Football/Sport organizations for ecommerce Fit for multichannel (pos, web, mobile) ticketing and ecommerce transactions •  Fit for Purpose Quotation process took 21 steps and 3 days,

Now 3 steps and 15minutes Sales volume +33% ; Market share +4%

•  Fit for Change Initially online wallet for micro-payments Modern, flexible architecture

Successfully repurposed several times, currently a generic back office system for multi-channel payments

Chess iX - Confidential

Overview per 2011 ALM as delivery model

•  Pitch: -  Governance, management & Operational Services -  Fixed team -  Constant reporting

-  Constant Software Code Monitoring / Sonar + SonarJ -  Life Cycle Management

8

Chess iX - Confidential

Overview per 2011

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All communication with respect to this document should be addressed to the Chess information Technology B.V.

Communication

Mr. Rene Hodde

Rene.hodde@chess-ix.nl

M: +31 (0)6 50678778

Chess iX A Chess IT International BV company

T: +31 (0)23 5149149

F: +31 (0)23 5149199

Postal address:

P.O. Box 5021, 2000 CA Haarlem, The Netherlands

Visitors address:

Lichtfabriekplein 1, 2031 TE Haarlem, The Netherlands