KORVAC RECEIVES S$30 MILLION FUNDING FROM WORLD PAYMENT SOLUTIONS LEADER, INGENICO

• Poised to tap synergies to expand product offerings and embark on an expansion drive in the Southeast Asian market.

• Korvac is the holding company of PaymentLink Pte Ltd (a JV company with Mitsui & Co.) and Card Alliance Pte Ltd
  (operator of EPINS debit network in Singapore).

Singapore, September 17, 2010 – Korvac Holdings Pte Ltd (“Korvac” or “the Group”), a leading provider of payment and consumer data processing services, today announced a S$30 million (€17 million) investment in the Group from France-based strategic investor, Ingenico, the world’s leading provider of secure payment solutions.

Korvac is the holding company of Card Alliance Pte Ltd and PaymentLink Pte Ltd (a JV with Mitsui & Co.). The Group provides a full range of payment services including PIN-based debit services through the EPINS network and non-transit payment using ez-link and concession cards. In addition to payment services, the Group provides an extensive suite of merchant related services from regional payment infrastructure, transaction acquiring and processing, loyalty programmes, private label authorisation systems and consumer data analytics.

Ingenico is the world’s leading player in the secure electronic payments industry, with over 15 million electronic payment terminals deployed across 125 countries.

Mr. Jeremy Tan, Chief Executive Officer of Korvac, said, “We are delighted to announce Ingenico’s strategic investment of S$30 million in Korvac. With Ingenico as our strategic partner, Korvac is poised to harness the synergies in both our businesses to strengthen our product offerings. This will enable the Group to aggressively expand our services to further tap the tremendous growth potential of the payment and merchant market in Asia.”

Philippe Lazare, CEO of Ingenico, commented: “Our investment in Korvac is a perfect fit within the strategy of Ingenico, in the large and growing payment market in Asia. We have identified potential synergies with our other activities and will benefit from the strong presence of Korvac covering the whole payment value chain across South East Asia”.

The investment gives Ingenico a 49% stake in Korvac.

About Korvac Holdings Pte Ltd
Established in 1999 in Singapore, Korvac Holdings Private Limited is the management and holding company of four separate groups of businesses. Headquartered in Singapore, Korvac Holdings also has offices in Malaysia and Thailand. The Group’s subsidiaries include:-

PaymentLink Pte Ltd: A Korvac-Mitsui joint venture company, PaymentLink Pte Ltd is the partner of the Land Transport Authority of Singapore (LTA) and the exclusive partner of EZ-Link Pte Ltd for the provision of non-transit payment and loyalty services for concession and ez-link cards respectively and the operator of the EzRewards loyalty programme.

Card Alliance Pte Ltd: The operator of EPINS network, a PIN-based debit payment service in Singapore.

Consumer Cube Pte Ltd: A consumer data analytics and targeted marketing firm.

Korvac Payment Services: A provider of fully-managed merchant payment infrastructure services to financial institutions.

About Ingenico (Euronext: FR0000125346 – ING)

Ingenico is a leading provider of payment solutions, with over 15 million terminals deployed in more than 125 countries. Its 3,000 employees worldwide support retailers, banks and service providers to optimize and secure their electronic payments solutions, develop their offer of services and increase their point of sales revenue. More information on www.ingenico.com.

September 17, 2010