Online Stockmarket Trading Update

GRG International Limited (GRG) has entered into a conditional agreement through its wholly-owned subsidiary GRG International Holdings Pty Ltd to acquire all the issued capital of eFunds Pty Ltd and ATM Serve Pty Ltd as well as the Electronic Retail Solutions business (collectively “eFunds Group”). The purchase price for the eFunds Group consists of two tranches. GRG will satisfy the first tranche of the consideration at completion by the payment of $3.3 million cash and the issue of $3.3 million worth of fully paid GRG shares to be issued at the lesser of $0.20 per share and the volume weighted average price of GRG shares traded on the ASX on each of the 10 trading days immediately prior to the completion date.

The acquisition adds new blue-chip clients, Australian geographical diversity and is forecast to contribute approximate annual revenues of $10.4 million and EBITDA of $3.6 million to GRG in CY2011. In committing to the consolidation of GRG and the eFunds Group, the current executive owners of the eFunds Group have agreed to sign two year management contracts and all owners of the eFunds Group have agreed to a 12 month voluntary escrow period over the Tranche 1 shares received as consideration. ASX may impose its own restrictions on the Tranche 1 and Tranche 2 shares pursuant to Listing Rule 9.1 and GRG has lodged a submission with ASX seeking clarification on this point.  The company will further strengthen its global operations with the addition of the eFunds Group’s expert banking and ATM resources.

The eFunds Group was established in 1998 and is a combination of three operating units; eFunds Pty Ltd, ATM Serve Pty Ltd and Electronic Retail Solutions (ERS). Each unit specialises in a specific niche of the ATM market and the combination is a full service ATM operator with the ability to procure, install, operate and maintain ATMs in NSW and mostly in the Sydney metro area. eFunds Pty Ltd is the exclusive outsourced partner to Suncorp for the placement and deployment of Suncorp branded ATMs

to select retail locations. The agreements provide for eFunds to receive a fixed monthly management fee for providing ATM locations and to receive rebate revenue from its merchant filled ATMs. There are 239 installed ATMs under the Suncorp agreements and the total is expected to increase at minimum to 70 additional units per year.  eFunds Pty Ltd’s primary objective has been the roll-out of Suncorp branded ATMs to city convenience stores. The focus of this campaign has been the Sydney CBD and targeted Sydney metro areas supporting Suncorp’s branch retail growth strategy. It has created strong brand recognition for Suncorp by specifically targeting the convenience store merchant market which typically operate with extended retail hours.

www.grgatm.com

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