ThinkSmart Successfully Completes Institutional Offer

23 Feb ThinkSmart Successfully Completes Institutional Offer

Institutional Raising Well Supported By All Major Shareholders

ThinkSmart Limited (ASX:TSM), a leading provider of point of sale financing, has successfully completed the institutional component (“Institutional Entitlement Offer”) of its entitlement offer, announced on 22 February 2012. This represents the first stage of the fully underwritten equity raising of approximately $9 million. Under the institutional component of the 1 for 5 entitlement offer, approximately 8.4 million new shares will be issued, raising approximately $3 million.

“Reflecting the strength of our investor base, all of our major institutional shareholders elected to take up their entitlements,” noted Ned Montarello, Executive Chairman and CEO of ThinkSmart.

New shares issued pursuant to the Institutional Entitlement Offer will rank equally with existing ordinary shares in ThinkSmart Limited. The shares issued through the Institutional Entitlement Offer are expected to be allotted on Thursday, 1 March 2012 and commence trading on the ASX on the same day.

Commencement of Retail Entitlement Offer

The retail component of the entitlement offer (“Retail Entitlement Offer”) will open on Wednesday, 29 February 2012 and will close on Friday, 16 March 2012. The Retail Entitlement Offer has been fully underwritten, and is expected to raise approximately $6 million.  Retail shareholders who are eligible to participate under the terms of the Retail Entitlement Offer (“Eligible Retail Shareholders”) will have the opportunity to participate at the same price and offer ratio as under the Institutional Entitlement Offer.

Eligible Retail Shareholders may also apply for additional new shares in excess of their entitlement, subject to any scale back determined by ThinkSmart Limited in its discretion.

Eligible Retail Shareholders wishing to participate in the Retail Entitlement Offer should carefully read the Retail Offer Booklet and personalised Entitlement and Acceptance Form, which are expected to be mailed to Eligible Retail Shareholders on Wednesday, 29 February 2012.

Retail shareholders who have further questions regarding the Retail Entitlement Offer should call the ThinkSmart Limited Entitlement Offer Information Line on 1300 582 391 (within Australia) or +61 3 9415 4686 (from outside Australia) at any time from 8.30am to 5.00pm (AEDT) Monday to Friday during the Retail Entitlement Offer period.

ThinkSmart requests that its trading halt be lifted with effect from open of market today.