18^th November 2011

Cash Converters International Ltd ("Cash Converters")

Depositary Interests

Dematerialisation of certificated Cash Converters Shares

Further to its announcement on 19 October 2011 relating to the dematerialisation of its certificated ordinary shares ("Cash Converters Shares"), Cash Converters International Limited ("Cash Converters") (ASX: CCV; LSE: CCVU) announces that all Cash Converters Shares have now been dematerialised.

Depositary Interests

Computershare Investor Services Plc has issued dematerialised depositary interests ("Depositary Interests"), representing the underlying Cash Converters Shares, to the CREST accounts of those Cash Converters shareholders who elected to receive Depositary Interests. Those Cash Converters shareholders can now trade their Depositary Interests electronically through the LSE, these trades will be settled within the CREST system.

Cash Converters shareholders can choose to withdraw from the Depositary Interest arrangements at any time. In such case, their Cash Converters Shares would not be re-certificated but would remain in dematerialised form and moved onto Cash Converters' issuer sponsored sub-register (see further details below).

Issuer Sponsored Sub-register

The Cash Converters Shares of Cash Converters shareholders who did not elect to receive Depositary Interests have automatically been dematerialised and are now held on Cash Converters' issuer sponsored sub-register, maintained by Computershare Investor Services. 

These Cash Converters shareholders will receive a holding statement setting out details of the shares they hold and a personalised security-holder reference number ("SRN") within 4 weeks of the date of this announcement.  This SRN will need to be quoted in respect of any dealings or enquiries in respect of their shares.

If these Cash Converters shareholders wish to buy or sell their shares, they will need to appoint an intermediary (such as a stockbroker) and provide them with their details, including their SRN.  These Cash Converters shareholders can elect to hold their shares directly in CHESS at any time rather than via Cash Converters' issuer sponsored sub-register (and vice-versa) by contacting a CHESS sponsor.

To change details of holdings (such as registered address), or if there are general queries, in respect of shares held on the issuer sponsored sub-register, shareholders should contact Cash Converters' share registrar (Computershare) in Australia on +61 (03) 9415 4000.

Enquiries

About Cash Converters

Cash Converters' core business is owner and franchisor of retail stores, which operate as merchandisers of second-hand goods. Cash Converters and certain of its franchisees also offer short-term consumer loans to customers.  The short term loans are available through its store network and online.  Including franchisees, there are 603 stores operating under the Cash Converters brand in 18 countries.  Cash Converters owns and operates 42 stores in Australia and 52 stores in the UK, and has been successfully purchasing franchisee stores in both territories in recent years.

Further information

This announcement 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 announcement 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 announcement 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.

Charles Stanley Securities is authorised and regulated in the United Kingdom by the FSA and is acting exclusively for Cash Converters and no one else in connection with the dematerialisation of Cash Converters Shares and will not regard any other person as a client in connection with the dematerialisation of Cash Converters Shares and will not be responsible to anyone other than Cash Converters for providing the protections afforded to its client nor for giving advice in relation to any transaction or arrangement referred to in this announcement.

If Cash Converters shareholders are in any doubt as to what action they should take, they should consult immediately their own solicitor, independent financial adviser or tax adviser for legal, financial or tax advice.  Nothing in this announcement should be construed as legal, financial or tax advice.

Forward looking statements

This announcement, including information included or incorporated by reference in this announcement, may contain "forward looking statements" concerning Cash Converters. 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 Cash Converters' ability 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 Cash Converters nor any of its respective group undertakings assumes any obligation to, and does not intend to, update these forward looking statements, except as required by the Listing Rules, the Disclosure and Transparency Rules or other applicable law.