CR2 Reports Strong Financial Results for FY 2010 with a Threefold Increase in EBITDA

DUBLIN, May 23, 2011 -

CR2 Limited, the global leader in integrated self-service banking
software, has reported strong results for the fiscal year 2010 and expects
further growth for the fiscal year 2011.

Strong growth in revenue and EBITDA in 2010

CR2 Limited reported an increase in revenue of over 10% to EUR16.14
Million for 2010 with EBITDA growing threefold to EUR2.82 million. Despite
the difficult economic climate, CR2 continue to succeed in increasing overall
revenues considerably driven by a strong increase in order intake.

"We are continuing to win significant new clients across several
developing markets as there is an increasing awareness of the importance of
personalised self-service banking which allows banks to cross-sell much more
effectively as more and more transactions migrate to the Internet, ATM and
Mobile channels."

"In the past year, order intake has increased by over 20%, helped by the
launch of new, innovative self-service products that enable banks to greatly
reduce their costs to serve the customer as well as develop new revenue
through cross-sales," said Kieran Kilcullen, Director of Sales and Marketing,
CR2

CR2's recent success can be attributed to the proven results of
multi-channel platform, BankWorld, in directly reducing banks costs,
improving operational efficiency and increasing profitability in over one
hundred banks in more than seventy countries across the world.

CR2 continues to expand and invest in self-service banking innovation

Martin Dolan, CEO, CR2 comments "I am very pleased with the continued
progress we have made at CR2. The company's recent strong growth is a
testament to the quality of the BankWorld self-service solution and the
success of our focused strategy. The large investment made in R&D over the
years has redefined self-service banking, making it much more practical and
cost effective to migrate many more transactions from the branch and also to
cross sell on self-service devices.

"As Banks deal with the post crisis reality of ROE dropping from as much
as 25% pre-crisis to 5% post crisis, strategic cost reduction is a key board
agenda item, with some banks targeting up to a 30% reduction in costs. We see
the demand for self-service banking increasing dramatically as these
strategic cost reduction programs roll-out."

Martin Dolan, CEO, CR2 continues "We continue to invest in R&D to address
this significant global opportunity; 2010 witnessed the launch of a number of
innovative self-service products by CR2 such as Electronic Cheques and
Wallets, Card-less ATM Access and Person-to-Person (P2P)Mobile Payments."

About CR2

For more than 25 years, CR2 enables banks to reduce costs and increase
revenues through best of breed self-service delivery. BankWorld, CR2's
multi-channel platform, delivers a complete suite of integrated channels
including ATM, Internet, Mobile, Kiosk and IVR through one single, unified,
self-service platform. BankWorld provides banks with a consolidated view of
all of a customer's accounts at every point of client contact. Headquartered
in Ireland, CR2 has a network of offices and representatives across Europe,
Africa, the Middle East and Asia. The company has over 110 customers in more
than 60 countries worldwide. www.cr2.com

Contact: Nadia Benaissa, CR2, Tel: +971-331-5414, Email:
nadia.benaissa at cr2.com