Exhibit 99.4

UNAUDITED PRO FORMA STATEMENTS OF OPERATIONS

FOR THE 12 MONTHS ENDED DECEMBER 31, 2012

(IN THOUSANDS, EXCEPT PER SHARE DATA)

The accompanying notes are an integral part of these consolidated financial statements.

UNAUDITED PRO FORMA BALANCE SHEETS

AS OF DECEMBER 31, 2012

(IN THOUSANDS)

The accompanying notes are an integral part of these consolidated financial statements.

Note 1 — Periods Presented

(a)         The consolidated condensed pro forma statement of operations includes the LML Payment Systems Statement of Operations for the twelve months ended December 31, 2012 and the Digital River Statement of Operations for the twelve months ended December 31, 2012.   The LML Payments Systems Statement of Operations for the twelve months ended December 31, 2012, was derived from combining the last three months of LML Payment Systems fiscal year ended March 31, 2012, and the nine months ended December 31, 2012.  The consolidated condensed pro forma balance sheet reflects December 31, 2012 balances for LML Payment Systems and Digital River.

Note 2 — U.S. GAAP Adjustments

(b)         Under US GAAP, the fair value of the share-based awards with graded vesting is calculated as one single grant and the resulting fair value is recognized on a straight-line basis over the longest vesting period.

IFRS require each tranche of a share-based award with different vesting dates to be considered a separate grant for purposes of fair value calculation, and the resulting fair value is amortized over the vesting period of the respective tranches.

As a result of the above difference, an adjustment has been made to stock-based compensation as follows (in thousands):

(c)          Under IFRS, the amortization and depreciation expenses were included within the appropriate operating expense category and were not separately presented.  Under US GAAP, depreciation of property and equipment, and amortization of patents and intangible assets are separately presented in the consolidated statement of earnings. An adjustment has been made as follows (in thousands):

(d)         Under IFRS, all deferred tax assets are presented as long term.  Under US GAAP, deferred tax assets are presented as current and long term.

(e)          Under IFRS, warrants are presented as a separate component of equity. Under US GAAP, warrants are included in additional paid in capital.

Note 3 — Pro Forma Adjustments

(f)           An adjustment has been made to eliminate the historical equity of LML Payment Systems.

(g)          An adjustment has been made to record an estimated $45.9 million of goodwill associated with Digital River’s purchase of

LML Payment Systems as if the acquisition had been made on December 31, 2012.  In addition, an adjustment has been made to eliminate LML Payment Systems’ historical goodwill of $17.9 million.  Digital River’s intangible asset valuations are in progress.  The final amount of goodwill to be booked to record the LML Payment Systems purchase entry may be different than that reflected in the unaudited pro forma condensed combined financial statements.

(h)         An adjustment has been made to record estimated amortization expense of $5.1 million associated with intangible assets identified and valued at the time of the acquisition. The amortization adjustment is based on estimated fair values, estimated useful lives and straight line amortization.

(i)             An adjustment has been made to eliminate $3.4 million of intangible assets on LML Payment Systems books prior to the acquisition.

(j)            An adjustment has been made to reflect the use of cash and cash equivalents to fund the acquisition consideration.

(k)         LML Payment Systems has historically reported payment processing fees and chargebacks as direct cost of sales, while Digital River has classified them as selling and marketing expense.  In order to ensure consistency and comparability, Digital River’s payment processing fees and chargebacks have been reclassified to direct cost of sales.

(l)             An adjustment has been made to eliminate LML Payment Systems historical intangible amortization expense.

(m)     An adjustment has been made to eliminate estimated interest income earned on the $102.8 million cash consideration paid to acquire LML Payment Systems.

(n)         An estimate of the purchase price allocated to the acquired intangible assets of $25.1 million.  Digital River’s intangible asset valuations are in progress.  The final values and useful lives could be different than those reflected in the unaudited pro forma condensed combined financial statements.

(o)         An adjustment has been made to eliminate acquisition related expenses.

(p)         An adjustment has been made to eliminate $1 million of LML Payment Systems acquisition related receivables, associated with expenditures made by LML which were to be reimbursed by Digital River.

(q)         An adjustment has been made with the assumption that a consolidated US federal tax return would have been filed, which would have included approximately $4.8 million of US income from the LML US group.  The impact would have been a reduction in the US net operating loss deferred tax asset with a corresponding reduction in the amount of US taxes paid.  This decrease in deferred tax assets would cause a reduction in the amount of valuation allowance required, which would impact the statement of operations in the amount of $1.8 million.

(r)            An adjustment has been made because the LML US group carried a deferred tax asset of approximately $240 thousand, which would require a valuation allowance recorded against it since all US tax assets of Digital River have a full valuation allowance.

(s)           An adjustment was made to record the tax effect of the pro forma pre-tax income adjustments.