29 March 2022

ThinkSmart Limited

 ("ThinkSmart" or the "Company" which together with its subsidiaries is the "Group")

Capital Return and Dividend

Block shareholding

ThinkSmart Limited (AIM: TSL), a specialist digital payments platform business, announces the intention to return approximately £2.5 million to shareholders.

Subject to shareholder approval at a General Meeting to be held prior to 30 June 2022, the Company intends to return an amount to shareholders in July 2022 of the Australian Dollar equivalent of approximately £2.5 million, consisting of a return of share capital of approximately £2.125 million in Australian Dollar equivalent by way of a capital reduction and an unfranked dividend of approximately £0.375 million in Australian Dollar equivalent.  The specific timings and Australian Dollar amounts of the payments will be confirmed in the coming weeks. As at the date of this announcement, the Group has approximately £5 million of cash or cash equivalents.

ThinkSmart continues to hold a position of 618,750 shares in Block, Inc (NYSE: SQ) ("Block") which based on a closing price of US$138.12 on 28 March 2022 and 1.31 USD: 1 GBP is valued at £65.2m equivalent to 61 pence per ThinkSmart share. This shareholding which was previously held by ThinkSmart's UK wholly owned subsidiary, ThinkSmart Europe Ltd, has today been transferred from ThinkSmart Europe Ltd to the parent company ThinkSmart Ltd as part of the ongoing simplification of the group structure.

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Notes to Editors

About ThinkSmart Limited

ThinkSmart's roots are as a specialist digital payments platform business. Following the sale of its remaining 10% shareholding in Clearpay in January 2022, the Group holds shares in NYSE listed Block, Inc (NYSE: SQ).  The Group also provides an outsourced call centre customer service and support service to Clearpay and is managing the wind-down of its leasing business.

This announcement contains inside information for the purposes of article 7 of the Market Abuse Regulation (EU) 596/2014 as amended by regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.