1. INTERIM RESULTS 2000/2001 abcabc “Cash to Secure Transactions”

2. Highlights for the Period  Operating profit from continuing operations* up 8%  Further improvement in trading position of Cash Systems  Continue to invest in Global Services  Headline earnings per share* up 13%  Strong operating cashflow * before reorganisation costs

3. PAUL HOLLINGWORTH Group Finance Director abcabc

4. Financial Highlights * Before exceptional items/re-organisation costs

5. Cash Systems  Sales down because of slow sales of larger sorters within Cash Processing and withdrawal from unprofitable account in OEM business  Margins well up at 4.8% as benefits of re-organisation continue to come through  Strong order books going into second half underpins expected upturn in sales  Orders for Ascom Twinsafe II of 700 units received to date and losses should move to profits in second half

6. Additional Cash Systems KPIs New product sales as a % of total product sales Product development expenditure (£m) (% of product sales) Sales: product (£m) service/software (£m) 1st half 1999/00 20 7.8 9.3 83.5 41.0 124.5 1st half 2000/01 26 7.4 9.6 77.3 42.9 120.2  On track to exit the final quarter 2000/2001 at 10%operating margin

7. Security Paper & Print  Comparatives restated to exclude Global Services  Margins improved in banknote business, increased usage of added value security features  Paper volumes down 15% which has impacted profits  India overstocked and unlikely to order paper next year (15% of Portals volumes)  Sales and profits up at DLR Tapes on back of strong banknote demand  Good performance in a tight market

8. Security Paper & Print KPIs Average banknote price (since year end) Value per banknote (order book) Banknote volumes Base/overspill split Paper volumes +6.7% +4.0% +9.4% 79 / 21 -14.7% 1st half 2000/01 +3.7% +0.7% 0.0% 78 / 22 -20.5% 1st half 1999/00

9. Global Services  Reported on separately for the first time  Change in nature of Microsoft contract depressed sales but not profitability  Excluding Microsoft, sales up 10.2% and order book at half year up 20%  Decrease in profits is as a result of planned revenue investment which was forecast last year at a net £5m for the year  Medium term focus is on profitable sales growth

10. Associates  Camelot has increased sales  Licence has been extended to November 2001 - still await outcome of re-bid  Giori order book remains depressed  Actions taken to stimulate sales  Arbitration is ongoing

11. Earnings per Share

12. Cashflow / Borrowings / Interest

13. IAN MUCH Chief Executive abcabc

14. Cash Systems  Excluding Ascom, first half margins were 4.8%  Second half orderbook well up on comparable period last year  New product sales have risen to 26%  Ascom progressing well with 700 orders on Twinsafe II - exceeding expectations

15. Cash Systems  TCR8000c - first orders received  Service accounts for 30% of divisional sales and are up 6% compared to first half last year  Well placed to see significant sales pick up in second half and confident of exiting year at 10% margins

16. Currency  Sustaining high margins  Selling more high value security features  Second paper making machine converted to wide thread  Involved in euro production (JV)  Sales force now fully integrated  Continue to drive sales through differentiated customer and technology strategy

17. Security Products  Jon Marx appointed MD in February 2000 and making significant operational improvements  New factory for DLR Tapes almost completed  Changing focus away from more traditional markets to newer areas such as e-commerce and solution sales  Going into second half with good order book, particularly for passports

18. Global Services  Strategy is centred around protection of payment, identity and brand  Global Services well positioned in growth markets utilising shared capabilities of the Group  Orderbook going into the second half is 20% up on comparable period, excluding Microsoft

19. Global Services  Transaction Services making good progress in mobile phone top-up market  Brand Protection has secured new customers  Holographics has euro accreditation and secured first orders  IDS has won new contracts, Mexico, Macao  InterClear fully operational by first quarter of 2001

20. Cross Divisional Initiatives  Greater degree of collaboration on number of initiatives around the Group  Group R&D  Regional Sales Directors  Group Procurement

21. Outlook  Strong orderbook going into second half, underpins expected pick up in sales  Cash Systems on track to achieve 10% exit margins  Some improvement in Giori trading expected in second half but still likely to incur loss

22. Summary  Global Services up and running  Continue to make progress in Currency, Security Products and Cash Systems  Clearly committed to a growth strategy

23. INTERIM RESULTS 2000/2001 abcabc “Cash to Secure Transactions”