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HIGHER ONE HOLDINGS, INC. REPORTS THIRD QUARTER 2014 FINANCIAL RESULTS

Quarterly revenue of $59.8 million, up 5% year-over-year
Payment Transaction revenue grows 25%

Higher One Holdings, Inc. (NYSE: ONE) (“Higher One” or the “Company”), today reported financial results for the third quarter 2014.

The Company reported third quarter 2014 revenue of $59.8 million, an increase of 5% from the previous year and adjusted EPS of $0.15. Revenue growth was driven by the strong organic growth in the Payment Solutions suite of products.

“I am pleased with our solid third quarter financial results, which was led by strong organic growth in both our Payment Solutions and Campus Labs products. We continue to expand these offerings and believe they will contribute to further diversification of our revenue streams,” stated Marc Sheinbaum, president and chief executive officer.

GAAP financial results for the third quarter of 2014 compared to the third quarter of 2013:

Revenue increased 5% to $59.8 million in the third quarter of 2014 compared to revenue of $57.1 million for the third quarter of 2013
GAAP diluted EPS was $0.10 for the third quarter of 2014, compared to a loss of $(0.12) for the third quarter of 2013
The Company recorded net income of $4.9 million for the third quarter of 2014, compared to a GAAP loss of $5.5 million recorded for the third quarter of 2013

Non-GAAP financial results for the third quarter of 2014 compared to the third quarter of 2013:

Non-GAAP adjusted EBITDA was $15.0 million in the third quarter of 2014, an increase of 4%, from $14.3 million in the third quarter of 2013
Non-GAAP adjusted net income increased 1% to $7.0 million for the third quarter of 2014 from $6.9 million for the third quarter of 2013
Non-GAAP adjusted diluted EPS increased 2% to $0.15 for the third quarter of 2014 versus $0.14 for the third quarter of 2013

$ONE