28 November 2013

Mr Andy Weaver ASX Limited Exchange Centre

20 Bridge Street

Sydney NSW 2000

Dear Mr Weaver

GHL Notification of further disclosure to be provided

e-pay Asia Limited (ASX: EPY) - has received the attached notification from GHL Systems Berhad (GHL) advising that ASIC has raised with GHL concerns with the content of the Bidder's Statements and GHL proposes to issue a supplementary bidder's statement to provide additional disclosure. The full text is attached.

Yours faithfully

Robert Lees Company Secretary

e-pay Asia Limited - ABN 99 089 227 887

Suite 2502, Level 25, St Martins Tower, 31, Market Street, Sydney NSW 2000 Australia

Telephone: +612 (0) 9267 4633 Facsimile: +612 (0) 9267 4388 Website: www.epay-asia.com



GHL Systems Bhd

293040-D
28 November 2013

ASX RELEASE GHL Systems Berhad (GHL) Takeover bid by GHL for e-pay Asia Limited ABN 99 089 227 887 (EPY) - further disclosure to be provided

We refer to GHL's off-market takeover bid for all of the shares in EPY (Takeover Bid) and the bidder's statement dated 7 November 2013 (Bidder's Statement).
GHL wishes to advise EPY shareholders that ASIC has raised with GHL concerns with the content of the Bidder's Statements and GHL proposes to issue a supplementary bidder's statement to provide additional disclosure.
GHL advises EPY Shareholders to await the issue of the supplementary bidder's statement before making a decision to accept or reject the offer in respect of their EPY Shares.
GHL intends to offer withdrawal rights to any EPY shareholder who has accepted or accepts the offer under the Takeover Bid before the supplementary bidder's statement is issued.
Tobikiri Capital Limited, the major shareholder of EPY which has accepted the offer with respect to its entire holding of 61.60% of EPY shares, has advised GHL that it will not exercise its withdrawal rights.

Head Office Innovation Centre

C-G-15, Block C Jln Dataran SD1, Dataran SD, PJU 9 L5-E-7B, Enterp rise 4 Technology Park Malaysia

Bandar Sri Damansara, 52200 Kuala Lumpur, Malaysia Bukit Jalil, 57000 Kuala Lumpur, Malaysia

Tel +603-6286 3388 Fax +603-6280 2999 www.ghl.com Tel +603-8998 3660 Fax +603-8998 3301

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