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 Interim Financial Report 2016

At CLS we are deeply committed to our vision of being the world’s leading provider of risk management and operational services for the global FX market. We remain resolute in ensuring that our core settlement service operates seamlessly and effectively, while growing our global presence and expanding our product portfolio to further reduce risk and improve liquidity across the FX market.

We continued to perform well during the first half of 2016 compared to the same period last year. The dollar value of transactions settled through our core settlement and aggregation services declined marginally by 2% compared to the first half of 2015, broadly reflecting market activity. While average daily volumes also decreased slightly by 3% to 863,000 instructions per day, both daily volumes and values did rebound in June, surpassing one million instructions and USD5 trillion, following the UK’s decision to leave the European Union.

Within this context we delivered a strong financial performance in the first half of 2016: achieving a profit after tax of GBP19 million in the six months ending 30 June 2016 compared to GBP14.4 million for the same period last year. Our balance sheet remains strong, and we have continued our ongoing investment in maintaining and enhancing our core capabilities, as well as increasing our focus on investment in new product development. Full details can be found in the Interim Financial Report.

The delivery and ongoing evolution of the CLS strategy will continue through 2016 and beyond. We continue to identify significant opportunities for us to build the services our clients require to mitigate risk while improving overall operational efficiency. We will do so without losing sight of executing our ongoing investment program in the core settlement service to ensure resilience and effective delivery.

We are entering a critical new phase of development for CLS as we identify ways by which we can play a broader role as the FX industry’s preferred partner for operational and risk management services.

 David Puth  Trevor Suarez
 Chief Executive Officer  Chief Financial Officer
 CLS Group Holdings AG  CLS Group Holdings AG