An anonymous director reports

CPI CARD GROUP PRICES INITIAL PUBLIC OFFERING

CPI Card Group Inc. has priced its initial public offering of 15 million shares of common stock at $10 (U.S.) per share. In addition, certain existing stockholders have granted the underwriters an option to purchase up to an additional 2.25 million shares of common stock at the initial public offering price within 30 days of the offering closing. The offering is expected to close on or about Oct. 15, 2015.

The shares of common stock have been approved for listing on the Nasdaq Global Select Market and conditionally approved for listing on the Toronto Stock Exchange under the ticker symbols PMTS and PNT, respectively.

The company expects to receive net proceeds of approximately $137.5-million (U.S.) from the offering, and intends to use such proceeds to redeem the remaining outstanding shares of its preferred stock, to terminate its phantom stock plan and to satisfy all liabilities due thereunder, and to repay outstanding indebtedness.

BMO Capital Markets, Goldman, Sachs & Co. and CIBC are acting as joint bookrunning managers for the offering, and Robert W. Baird & Co. Inc., William Blair & Co. LLC, Raymond James Ltd., Scotiabank and GMP Securities LP are acting as co-managers for the offering.

The company has filed and obtained a receipt for a final prospectus for the offering from the securities regulatory authorities in each of the provinces and territories of Canada. A copy of the supplemented PREP prospectus containing pricing information and other important information relating to the shares may be obtained from the underwriters at the addresses set out below and will be available on the SEDAR website under the company's profile.

A copy of the U.S. prospectus related to the offering may be obtained from: BMO Capital Markets Corp., Attention: Equity syndicate department, 3 Times Square, New York, N.Y. 10036, or by telephone at 1-800-414-3627 or by e-mail at bmoprospectus@bmo.com; Goldman, Sachs & Co., Attention: Prospectus department, 200 West St., New York, N.Y., 10282, or by telephone at 1-866-471-2526 or by e-mail at prospectus-ny@ny.email.gs.com; or CIBC by telephone at 1-800-282-0822 or by e-mail at useprospectus@us.cibc.com.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on Oct. 8, 2015.

We seek Safe Harbor.