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1 A N N O U N C E M E N T Compulsory Acquisition of Dividend Access Shares and Termination of Dividend Access Scheme Further to the announcement released to ASX by Cash Converters International Limited on 19 July 2011, we enclose a copy of the Notice of Compulsory Acquisition of Dividend Access Shares and Termination of Dividend Access Scheme that was despatched to CCIL unitholders today pursuant to article 3(B)(ii)(e) of the Cash Converters UK Holdings plc constitution. Enquiries Cash Converters International Limited Mr D.R. Groom +61 (8) August 2011

2 NOTICE OF COMPULSORY ACQUISITION OF DIVIDEND ACCESS SHARES AND TERMINATION OF DIVIDEND ACCESS SCHEME If you have sold or otherwise transferred all your Cash Converters units, you should send this notice as soon as possible to the purchaser or transferee or to the stock broker, bank or other agent through whom the sale or transfer was effected, for delivery to the purchaser or transferee. If you have sold or otherwise transferred only part of your holding of Cash Converters units, you should retain this notice and consult the stock broker, bank or other agent through whom the sale or transfer was effected. 25 August 2011 Dear Cash Converters unitholder, Background As set out in the announcement released on 19 July 2011 (the "Announcement"), we have decided to simplify our share capital structure by destapling the Cash Converters units (which are made up of one ordinary share in Cash Converters International Limited ("CCIL") and one dividend access share in a CCIL subsidiary, Cash Converters UK Holdings plc ("CCUK")). The dividend access shares were issued in 1996 as part of a dividend access scheme aimed at providing non-australian investors in CCIL with dividends on a more tax effective basis. However, changes to international tax laws shortly after implementation of the dividend access scheme meant that the scheme became redundant. To simplify this historical structure, CCIL is now exercising its right to compulsorily acquire each unitholder s dividend access shares for a nominal amount under the mechanism set out in article 3(B)(ii)(e) of the CCUK constitution. Following the compulsory acquisition, each unitholder will hold CCIL ordinary shares (with a listing on the Australian Securities Exchange (the "ASX") and in the premium segment of the Official List of the UK Listing Authority (the "UKLA") and admitted to trading on the main market of the London Stock Exchange (the "LSE")) in place of their Cash Converters units. Compulsory acquisition Under the CCUK constitution, any person holding a majority of the ordinary shares of CCUK is entitled, by giving notice to CCUK, to acquire all the dividend access shares in issue at the date of such notice. CCIL, which is the beneficial owner of 100% of the ordinary shares of CCUK, has served such a notice on CCUK today, stating its intention to acquire 379,761,025 dividend access shares, being all of the dividend access shares currently in issue. Pursuant to the mechanism set out in the CCUK constitution, you are bound to sell and CCIL is bound to acquire all of your dividend access shares which will take place on 26 August 2011.

3 Trading As indicated in the timetable below and as set out in the Announcement, trading of Cash Converters units ceased on the ASX after close of trading on 17 August 2011 and trading of Cash Converters units on the LSE and listing on the premium segment of the Official List of the UKLA was suspended at 7.30am on 18 August Unitholders cannot trade in Cash Converters securities on the LSE until trading in CCIL ordinary shares commences at 8.00am on 31 August 2011 (at which time the premium segment of the Official List of the UKLA will be amended to reflect the change from Cash Converters units to CCIL ordinary shares). However, unitholders can trade in Cash Converters securities on the ASX whilst the compulsory acquisition takes place. Any trading on the ASX between 18 August 2011 and 30 August 2011 (inclusive) is on a deferred settlement basis. The "record date" for the compulsory acquisition was after close of trading on 24 August 2011, to enable any transactions entered into on or before 17 August 2011 to settle. At the commencement of trading on 31 August 2011 you will hold (and normal trading will commence on a T+3 basis in) CCIL ordinary shares (with a listing on the ASX and in the premium segment of the Official List of the UKLA and admitted to trading on the main market of the LSE). Timetable Event Last day of trading in Cash Converters units on the ASX (ASX code: CCV) Last day of trading in Cash Converters units on the LSE (LSE code: CCVU) Cessation of trading in Cash Converters units on the ASX Suspension of trading in Cash Converters units on the LSE Suspension of listing of Cash Converters units on the premium segment of the Official List of the UKLA Commencement of trading of CCIL ordinary shares on the ASX on a deferred settlement basis (ASX code: CCVDA) "Record date" for compulsory acquisition of dividend access shares Date 17 August August 2011 After close of trading on 17 August am on 18 August am on 18 August August 2011 After close of trading on 24 August 2011 Publication of this notice 25 August 2011 Implementation of compulsory acquisition 26 August 2011 CCIL issues "despatch" confirmation to the ASX Last day of trading in CCIL ordinary shares on a deferred settlement basis 30 August August

4 Event Date End of suspension period on the LSE After close of trading on 30 August 2011 Trading of CCIL ordinary shares on a normal (i.e. T+3) basis commences on the ASX (ASX code: CCV) Trading of CCIL ordinary shares commences on the LSE (LSE code: CCVI) Amendment of listing of Cash Converters units to CCIL ordinary shares on the premium segment of the Official List of the UKLA 31 August am on 31 August am on 31 August 2011 Despatch of cheques (where applicable) 2 September 2011 Settlement of trades conducted on a deferred settlement basis and first settlement of normal trades on a T+3 basis 5 September 2011 Each of the times and dates in the above timetable is subject to change. Any changes to the timetable will be announced. References to times are to London times. Each holder of CCIL ordinary shares is responsible for confirming the existence and number of shares they hold before selling their CCIL ordinary shares on a deferred settlement basis. Any sale of CCIL ordinary shares before receipt of a share certificate or holding statement is at the risk of the holder of those securities. To the extent permitted by law, CCIL and CCIL's registrar, Computershare Investor Services Pty Limited ("Computershare") disclaim all liability, whether in negligence or otherwise, to persons who sell their CCIL ordinary shares before receiving their share certificate or holding statement, whether on the basis of a confirmation of allocation provided by CCIL, Computershare, a broker or otherwise. Payment for your dividend access shares If the value of your holding of dividend access shares is more than 5.00, payment to you will be made (on behalf of CCIL) by Computershare, by cheque sent on or before 2 September Cheques will be rounded up to the nearest 0.01 (for shareholders with registered addresses in the UK) or the nearest A$0.01 (for shareholders with registered addresses in Australia or other countries). If the value of your holding of dividend access shares is less than 5.00, the amount will be retained for the benefit of the group as a whole, unless you contact the Investor Contact Centre of Computershare on (within Australia) or (outside Australia) by 25 October 2011 to request payment. No payment will be made in respect of amounts of less than The nominal value of a dividend access share is Action If you are a certificated unitholder, you are asked to return your Cash Converters unit certificate(s) in the pre-paid addressed envelope enclosed with this notice. Within 14 days of this notice you will be sent a new certificate in respect of your CCIL ordinary shares. If you are a dematerialised unitholder, you do not need to take any action in connection with the compulsory acquisition by CCIL. You will be sent shortly a replacement holding statement in respect of your CCIL ordinary shares, in place of your existing holding statement

5 Termination of dividend access scheme The dividend access scheme will terminate on 26 September This notice also constitutes the notice required by article 84.8 of CCIL's constitution to be issued to its shareholders to terminate the scheme. If you have any questions about the contents of this notice, please call the Cash Converters company secretary, Mr D.R. Groom, on between 8.30 am and 5.00 pm, WST (Perth) time, Monday to Friday. Yours sincerely, Reginald Webb Chairman Cash Converters International Limited Peter Cumins Director Cash Converters UK Holdings plc Further information This notice must not be released, published or distributed into any jurisdiction where to do so would violate the laws or regulations of that jurisdiction. Any persons who are resident in jurisdictions in which the release, publication or distribution of this announcement would contravene such laws or regulations should inform themselves of and observe any applicable requirements. This notice is not intended to, and does not, constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. This notice has been prepared in accordance with English and Australian law and information disclosed may not be the same as that which would have been prepared in accordance with the laws of jurisdictions outside England and Australia. Forward looking statements This notice, including information included or incorporated by reference in this notice, may contain "forward looking statements" concerning CCIL and CCUK. Generally, the words "will", "may", "should", "continue", "believes", "expects", "intends", "anticipates" or similar expressions identify forward looking statements. The forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those suggested by them. Many of these risks and uncertainties relate to factors that are beyond the companies' abilities to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements which speak only as at the date of this announcement. Neither CCIL, CCUK nor any of their respective group undertakings assume any obligation to, and do not intend to, update these forward looking statements, except as required by the Listing Rules, the Disclosure and Transparency Rules or other applicable law