Points International Announces Completion of Bought Deal



    TORONTO, June 11 /CNW/ -- Points International Ltd. (TSX: PTS, OTC
Bulletin Board: PTSEF) today announced the completion of the previously
announced secondary and treasury public offering of its common shares. Under
the offering, Points Investments, Inc. (a subsidiary company of
IAC/InteractiveCorp) sold 27,848,128 common shares of Points International,
and Points International issued and sold 1,591,322 common shares, at Cdn.$1.65
to a syndicate of underwriters comprised of RBC Capital Markets, Jennings
Capital, MGI Securities and Versant Partners, for aggregate gross proceeds of
Cdn$48,575,093.
    In connection with the offering, Points Investments exercised its right
to convert the Series Two and Series Four preferred shares in the capital of
Points International into 29,439,450 common shares of Points International and
then, as previously agreed, surrendered 1,591,322 common shares to Points
International for cancellation. As a result, the number of common shares of
Points International outstanding on a fully diluted basis was not affected by
the offering. The nominees of Points Investments to the board of Points
International stepped down in anticipation of the completion of the offering.
    The securities have not been and will not be registered under the U.S.
Securities Act of 1933, as amended, or under any state securities laws and may
not be offered or sold in the United States, or to or for the account of U.S.
persons absent registration or an applicable exemption from the registration
requirements. This press release does not constitute an offer to sell or the
solicitation of an offer to buy nor will there be any sale of the securities
in any state in which such offer, solicitation or sale would be unlawful.

    About Points International Ltd.

    Points International Ltd. is owner and operator of Points.com, the
world's leading reward program management portal. At Points.com consumers can
Swap, Earn, Buy, Gift, Share and Redeem miles and points from more than 25 of
the world's leading reward programs.  Participating programs include American
Airlines AAdvantage(R) program, American Express(R) Membership Rewards(R),
Aeroplan(R), AsiaMiles(TM), British Airways Executive Club, Northwest
WorldPerks(R), Wyndham Hotel Group's TripRewards(R), Delta SkyMiles(R), and
InterContinental Hotels Group's Priority Club(R) Rewards. Redemption partners
include Amazon.com(R) and Starbucks.

    Website: http://www.points.com
    Corporate Site: http://www.pointsinternational.com




For further information:

For further information: Anthony Lam, CA, CFO of Points International
Ltd., +1-416-596-6382, Anthony.lam@points.com; or Alex Wellins,
alex@blueshirtgroup.com, or Brinlea Johnson, brinlea@blueshirt.com,
+1-415-217-7722, both of The Blueshirt Group, for Points International Ltd.;
Web Site: http://www.points.com, http://www.pointsinternational.com

Organization Profile

POINTS INTERNATIONAL LTD.

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POINTS INVESTMENTS, INC.

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