PitchSend

Investor Presentaiton

9% decline in trade finance market in 2015 Trade Finance Global Market Size1 Revenue Pool, USDbn 52 51 51 52 52 -9% 47 43 28 27 26 25 22 Traditional Trade 25 Open Account revenues stable as clients move from Traditional Trade Finance ■ BCG projects 4% p.a. growth² in Trade Finance market over next decade Traditional Trade to return to growth Open account to continue to gain share 25 24 26 26 25 - Open Account 19 2010 2011 2012 2013 2014 2015 Open account 44% 48% 47% 51% 50% 53% % of total 1. Source: Oliver Wyman GTB Revenue Pool Estimates 2016 12 2. Source: The Boston Consulting Group, 2016 29 29

View entire presentation