© Kantox, 2015

Foreign Exchange For Your BusinessCorporate Presentation

London, 2015

© Kantox, 2015

USD 5.300.000.000.000 PER DAY= world GDP every 14 days

92% due to speculationvs. 8% global trade

2 segments:deliverable vs. non-deliverable

Decentralised market

24 hours(Sunday night to Friday night)

Kantox | Corporate Presentation

The FX market is by far the largest in the world

© Kantox, 2015

Source: Euromoney Market Data; Bank of International Settlements

OLIGOPOLY6 largest banks > 60% market share

NO TRANSPARENT PRICING POLICY

OPACITYWith regards to pricing (spread)

SCANDALS AND BILLION FEES

Kantox | Corporate Presentation

But the FX market is unfair and not transparent

© Kantox, 2015

Transparency counts

Kantox | Corporate Presentation

At Kantox we believe that the finance industry, too long knownfor its opacity, greed and lack of innovation, needs a dramatic,pervasive overhaul for the better. We believe that it is time tochange the finance industry to instill the virtues of transparency,efficiency and fairness. This is what drives us at Kantox.

Banks and brokers maintain opacity to charge their clients waytoo much. Indeed, while they hide their commissions and fees inthe exchange rate they offer, they usually argue that there is nocommission. In some cases, they also use dumping methods,offering unbeatable rates to get you as a client only then toincrease these hidden fees (also named spread).

At Kantox, we always display the mid-market exchange rates*.With our Benchmark service, which we offer for free, you cannow compare your bank/broker to the true market benchmarkrates. That way, you know exactly how much you pay and howmuch we earn. In other words, we are fair.

* Also known as the interbank rate, it is the live average between the bidand the ask price in the FX market. In other words, it is the “true”exchange rate, without any commission or fee.

Kantox is a pioneering firm in the FX industry, bringing light and providing fresh air in an obscure, static market.Expertise and passion result in an efficient and transparent solution to serve real economy clients

Pair Spot 3 Months

EUR/USD 1,3719 1,3719

EUR/GBP 0,8157 0,8162

EUR/CHF 1,2232 1,2226

EUR/JPY 138,9100 138,8627

GBP/EUR 1,2260 1,2252

GBP/CHF 1,4997 1,4974

GBP/JPY 170,3800 170,2662

GBP/USD 1,6823 1,6817

+ more currencies

You can find our Kantox Benchmark service at kantox.com.

© Kantox, 2015

Your FX Management Platform

Kantox | Corporate Presentation

Kantox helps you manage all your FX operations from one single platform, providing you with the information you need at every point, while keeping it simple and easy to use.

Live mid-marketexchange rates

Manage yourFX transactions

FX Dashboard

Customised FXrate alerts

Multiple subsidiary management tool

Multiple user management tool

Understanding your FX costs. Managing users and subsidiaries that participatein FX operations. Finding the best time to transact. These are just some of thebenefits of using the Kantox online platform.

SWIFT transfer confirmation

Personalisedtechnical supportSWIFT

© Kantox, 2015

78% of our clients save more than 80% compared to their bank

Kantox | Corporate Presentation

More than 1,100 clients in 18 countries, included listed companiesAs you can see below, we are transparent with the feesthat we charge. We want our clients to perfectlyunderstand our pricing and really know what they paywhen they exchange foreign currencies with us.

This is how we differ from banks and brokers, who hidetheir high fees in the spread.

On average, for every USD 1 Million they trade, our clients save more than USD 15,000 compared to banks or brokers. We have recently reached USD 1 Billion in transactions.

MarcCorporate Treasury Manager, FICOSA“Their business proposition is simple and brilliant: they offer SME's a platform displaying mid-market rates that the treasurer can close in just 1 click”

StevenChief Financial Officer, SIFT“We’ve completed a number of FX trades with Kantox and the process was much smoother than any previously undertaken”

IgnacioGlobal Treasurer, HMY GROUP“Kantox is our main FX management tool. I love the simplicity of the platform, their transparent fees and their efficient team”

Testimonials

bank

> EUR 20 Million 0.09 %

EUR 10 – 20 Million 0.14%

< EUR 10 Million 0.19%

Traded annually Fee %

0.5 - 2.5 %sometimes even more

Fee %

© Kantox, 2015

Pioneering currency exchange

Kantox | Corporate Presentation

When no matching is available with any other company, weprovide you access to the wholesale FX market to trade atvery tight spreads that we are able to achieve thanks to oursize. By using these 2 approaches, Kantox is able to providea one-stop-shop solution with full liquidity in all currencieswe offer.

When possible, we offer you the opportunity to match yourtransactions with other companies. In other words, you canbuy or sell currencies between other companies, while at thesame time side-stepping banks and brokers. It is the mostefficient solution to exchange foreign currencies.

Kantox offers SMEs and Mid-caps a solution usually only available to large companies. The mid-market rates are displayed on our platform to provide you with full transparency and trades can be closed in just 1 click

A B €

$

€

$ A €

$

€

$

We offer 2 different approaches to trade with Kantox:

Kantox is authorised by the Financial Conduct Authority, FRN: 580343, as a Payments Institution under the Payment Services Regulations 2009 for the provision of payment services.

As required by the Payment Services Regulations 2009, our clients’ funds are permanently held in segregated client bank accounts in leading banks and so cannot be claimed bycreditors. Client funds are always protected, as they are completely independent of Kantox business accounts and assets. Note that we never use your funds to speculate in themarket.

© Kantox, 2015

More than 30 currencies available & free international payments

Kantox | Corporate Presentation

We offer both spot and forward transactions in more than 30 currencies, and international paymentsto more than 50 countries are totally free

Destination CurrenciesEUR (Euro)

USD (US Dollar)

GBP (British Pound)

AUD (Australia)

CAD (Canada)

CHF (Switzerland)

CZK (Czech Rep)

CNY (China)

DKK (Denmark)

GHS (Ghana)

HKD (Hong Kong)

HRK (Croatia)

HUF (Hungary)

JPY (Japan)

KES (Kenya)

LKR (Sri Lanka)

ILS (Israel)

MXN (Mexico)

NOK (Norway)

NZD (New Zealand)

PHP (Philippines)

PKR (Pakistan)

PLN (Poland)

RON (Romania)

RUB (Russia)

SEK (Sweden)

SGD (Singapore)

THB (Thailand)

TND (Tunisia)

TRY (Turkey)

ZAR (South Africa)

ZMW (Zambia)

Spot Transactions

Forward Contracts

Free International Payments

Exchange foreign currencies now. The exchange rate is set immediately online and you receive the funds on the same day,T+1 or T+2 depending on the currency you exchange.

Hedge FX risk by setting the FX rate now for a future transaction. Note that we also offer flexible forwards.

For us, the cost of a payment is exactly the same regardless of the destination. For this reason we offer you the opportunity to make payments to foreign providers through Kantox for free. That way, you will also save on bank transfer fees.

© Kantox, 2015

Regulation

Kantox | Corporate Presentation

Kantox is authorised by the Financial Conduct Authority, FRN: 580343,as a Payments Institution under the Payment Services Regulations2009 for the provision of payment services. We also hold servicePassports to all European Countries and a Branch Passport in Spain.

As required by the Payment Services Regulations 2009, our clients’funds are permanently held in segregated client bank accounts inleading banks and so cannot be claimed by creditors. Client funds arealways protected, as they are completely independent of Kantoxbusiness accounts and assets. Note that we never use your funds tospeculate in the market.

We are registered with the HMRC as a Money Services Business -Registration Number 12641987.

Our Offices

HeadquartersLongcroft House2-8 Victoria AvenueLondon EC2M 4NSUnited Kingdom(+44) 20 3608 6984

Barcelona OfficeTorre Mapfre, Planta 10Marina, 16-1808005 BarcelonaSpain(+34) 935 679 834

We are authorised as a Payment Institution by the Financial Conduct Authority

Israel+972 (0) 3 9786860

© Kantox, 2015

About us

Kantox | Corporate Presentation

Our management team includes professionals with extensive experience in firms like BNP, Deutsche Bank, FXall,ABN Amro, Nomura, Deloitte, Intel and HP.

InvestorsOur investors include leading venture capital firms such as Partech Ventures, IDInvest Partners and Cabiedes Partners, financialindustry professionals coming from firms like HSBC, BNP and Deloitte and successful Internet entrepreneurs.

Board of AdvisorsKantox's European Board of Advisors combines expertise from all its members to help us maintain our position as a key disruptorof the antiquated FX industry. The founder of Treasury Peer, Magnus Lind now acts as adviser. He is joined on the advisory boardby François Masquelier head of Corporate Finance, Treasury and Risk at RTL Group and vice chairman of Euro Associations ofCorporate Treasurers. Claire Bridel brings 20 years’ experience across leading operational roles in financial corporations to theboard, including Natixis CIB, Newedge and Fimat.

Philippe GelisCEO

John CarbajalCTO

Laurent DescoutCFO

Marek FodorCHAIRMAN OF THE BOARD

Antonio RamiCOO

Keren LichtCOUNTRY MANAGER, ISRAEL

© Kantox, 2015

Press

Kantox | Corporate Presentation

Kantox has been featured in the most prestigious financial newspapers

Many SMEs fail to grasp foreign exchange riskSales are nice, but if the profit margin on those sales is lost in poor FX management, then it’s a pity. It’s nice to grow,but nicer to grow profitably. Finance Officers usually know they have an exposure, but knowing and managingthat exposure is not really their core business.”

By Liz Bolshaw, September 26, 2013

Sidestepping banks, companies trade FX with each otherA London company has come up with a way for companies to exchange currency paymentsdirectly with each other, avoiding banks' fees.

By Chana R. Schoenberger, May 16, 2012

Cutting through the FX thicketWhen the typical SME buys FX it is not efficient at all. There is a very big dichotomy between what the market says it is,meaning very efficient in price setting, and what the reality is for SMEs

By Andy Davis, February 15, 2012

Forex Scandals, Fines, and How A French Entrepreneur Is Bringing Fairness And Transparency To SME’sUntil recently, SMEs have had little choice in terms of where to go, other than to the banks, but now it seems a different FX model is emerging in the FinTech sector, led by some innovative start-ups looking to give the banks a run for their money.Alison Coleman, 13 Noviembre 2014

© Kantox, 2015

HeadquartersLongcroft House2-8 Victoria AvenueLondon EC2M 4NSUK(+44) 20 3608 6984

Barcelona OfficeTorre Mapfre, Planta 10Marina, 16-1808005 BarcelonaSpain(+34) 935 679 834

Kantox Ltd is authorisedin the United Kingdom by:

The Financial Conduct Authority (FCA)as a Payments Institution, under the Payment Services Regulations 2009.(REF: 580343).

kantox.com

Copyright © 2015 Kantox