Board Appointment

NEOVIA Financial Plc

Board Appointment

Keith Butcher joins the NEOVIA Financial Board as Chief Financial Officer

Thursday 20 May 2010 - NEOVIA Financial Plc (LSE: NEO), the leading alternative payments business, is pleased to announce the appointment of Keith Butcher to the Board as Chief Financial Officer (CFO) with immediate effect.

Mr. Butcher has extensive experience in the software and technology sectors having previously been Finance Director of a number of AIM listed businesses including Datacash Group plc, the online payments processor, where he was Finance Director for almost 5 years during its period of rapid growth.

Mark Mayhew, Chief Executive Officer, said 

"The Board and I are delighted to welcome Keith to the NEOVIA team and we are confident that his experience in fast-growth businesses will be very valuable in the next stage of our development."

For further information contact:

Andrew Gilchrist + 44 (0) 1624 698 713

VP Communications, NEOVIA Financial Plc

Email: [email protected]

Twitter: https://twitter.com/neovia

Citigate Dewe Rogerson + 44 (0) 207 638 9571

George Cazenove / Michael Berryman

Daniel Stewart & Co Plc + 44 (0) 207 776 6550

Paul Shackleton

Regulatory information

In the past five years, Keith Butcher (age 47) has been a director of the following entities:

Datacash Group plc

Datacash Ltd.

Flomerics Group plc

Flomerics Ltd.

Lombard Risk Management Plc

Lombard Risk Compliance Ltd.

Lombard Risk Consultants Ltd.

Lombard Risk Systems Ltd.

There is no further information on Keith Butcher required to be disclosed under Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.

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About NEOVIA Financial

Trusted by consumers and businesses in over 170 countries to move and manage billions of dollars each year, NEOVIA Financial Plc is a leading alternative payments business. Through the NEOVIA Payment Network, merchants use the NETBANX processing merchant service to simplify how they accept and settle card, direct-from-bank, and cash payments, and the NETELLER payment account to increase margins, capture new customers and increase customer lifetime values. Being independent has allowed the company to support tens-of-thousands of retailers and merchants in many geographies and across multiple industries.

NEOVIA Financial Plc is quoted on the London Stock Exchange's AIM, with a ticker symbol of NEO. Subsidiary company NETELLER (UK) Ltd is authorised by the Financial Services Authority (FSA) to operate as a regulated e-money issuer. For more information about NEOVIA Financial visit www.neovia.com or subscribe at www.neovia.com/feeds/.